"He Lied About the Numbers!" How to Spot Red Flags & Avoid Underwriting Disasters BEFORE You Invest

03/04/2024 42 min

Listen ""He Lied About the Numbers!" How to Spot Red Flags & Avoid Underwriting Disasters BEFORE You Invest"

Episode Synopsis

EP 94 - In this episode of the Share the Wealth Show, we're delighted to welcome Niki Perez once again. The conversation explores real estate underwriting and finance, offering valuable insights.
📑 Nikki stresses transparency in financial documentation for securing financing in commercial real estate deals.
🔍 Key documents like rent rolls, profit and loss statements, and sponsor portfolios are highlighted.
💼 Understanding the financial strength of sponsors is crucial, especially for new investors.
🤝 Partnering with experienced individuals and having equity in place boosts credibility with lenders.
📊 Challenges in underwriting, including real examples, are discussed, emphasizing due diligence and honesty.
💰 Insights into the current lending landscape, including lender preferences and criteria, are provided.
📈 Concepts like loan-to-value and debt service coverage ratio are explained for deal analysis.
🏠 Nikki offers advice on dealing with sellers lacking organized financial records, urging investors to educate themselves.
🌟 Don't miss this episode for a wealth of knowledge on real estate finance and underwriting intricacies! 🎧
Niki Perez is the CEO and Founder of Authentic CRE Solutions. She has been in the commercial real estate industry for 20 years. 
Prior to founding Authentic CRE, Niki worked for some of the top financial services firms within the United States, including Grandbridge Real Estate Capital and Walker & Dunlop. Her mentors are among the most respected women in commercial real estate, namely Beth Azor, Brittany Rose, Kelani Blackwell, and Michelle Warner.
Over the course of her career, Niki’s analyzed and underwritten $10 billion in loans and has acquired the skillset to successfully originate, market, and analyze commercial mortgages. She is an efficient, detail-oriented underwriter with a deep understanding of property operations and lending platforms. 
When Niki is not underwriting deals, she enjoys writing and giving back. Niki is a published writer who graduated magna cum laude from Florida Atlantic University. She earned a bachelor of arts in literature with a creative writing focus. Niki volunteers her spare time to charities like Habitat for Humanity and has partnered with the Leukemia & Lymphoma Society and Project Destined in the past. Niki is also a mom, passive real estate investor, proud W.I.R.E. member, and strong supporter of DEI.
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Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:
https://www.microfamilymavericks.com/casestudy



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Key Quotes:
“ Wealth comes from moving through life with good intentions and behavior, aligning yourself with everyone who values what you value.”

Niki Perez


Connect with Niki Perez!
You can find them on
Website: authenticcresolutions.com
Instagram:@nikiperez.cre
LinkedIn: linkedin.com/in/authenticcresolutionsnp
Email: [email protected]
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Let’s get connected! 
You can find Nicole on 
LinkedIn https://www.linkedin.com/in/nicole-pendergrass/
Instagram https://www.instagram.com/nvestornikki/?hl=en
Facebook https://www.facebook.com/nvestornikki
or Visit her website https://noirvestholdings.com 
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