Steve Kundert, CBRE -Debt Expert, $12+ Billion Financed
01/10/24 • 89 min
It’s with great pleasure that I welcome today’s guest, Steve Kundert, Senior Vice President of CBRE’s Debt and Structured Finance Group. Steve joins us to share his vast knowledge and expertise on capitalizing real estate projects. With over 20 years of experience in the mortgage industry, Steve has an unparalleled understanding of the intricacies of multifamily properties.
This is a callback episode that I don’t want you to miss. This is one of my most favorite episodes, and Steve shared so many top-notch ideas that are honestly still ingrained in my mind to this day.
Happy listening!
Episode Highlights:
7:31 - Institutional vs. Private Real Estate: Understanding the Difference
13:53 - Debt Market Hot Topic: Strategies and Financing
17:18 - Insider Tips: Sizing Debt Funds and Negotiating Loan Docs
39:02 - Affordable Housing Initiatives
1:12:35 - Multifamily Market Trends: Hidden Opportunities
1:25:40 - The Art of Knowing Your Deal: Expert Advice
Want to connect with Steve?
Send him an email: [email protected]
---
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman
It’s with great pleasure that I welcome today’s guest, Steve Kundert, Senior Vice President of CBRE’s Debt and Structured Finance Group. Steve joins us to share his vast knowledge and expertise on capitalizing real estate projects. With over 20 years of experience in the mortgage industry, Steve has an unparalleled understanding of the intricacies of multifamily properties.
This is a callback episode that I don’t want you to miss. This is one of my most favorite episodes, and Steve shared so many top-notch ideas that are honestly still ingrained in my mind to this day.
Happy listening!
Episode Highlights:
7:31 - Institutional vs. Private Real Estate: Understanding the Difference
13:53 - Debt Market Hot Topic: Strategies and Financing
17:18 - Insider Tips: Sizing Debt Funds and Negotiating Loan Docs
39:02 - Affordable Housing Initiatives
1:12:35 - Multifamily Market Trends: Hidden Opportunities
1:25:40 - The Art of Knowing Your Deal: Expert Advice
Want to connect with Steve?
Send him an email: [email protected]
---
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman
Previous Episode
Car Wash and Mobile Home Park Investing | Matt Fore of Next Level Income
In this episode of Breneman Blueprint, let’s dive into personal finance as my incredible guest Matt Fore shares his journey from technology sales to a thriving real estate career.
Matt is an investor who focuses on niche asset classes like car washes, mobile home parks, and real estate debt. Currently, through his company Next Level Income, he operates over 30 car wash locations and several mobile home parks. Their goal is to acquire 100 car wash locations by 2025.
Join us as Matt uncovers his unique approach to achieving financial independence in just 3 years, utilizing clever strategies like recycling capital and investing in niche assets such as mobile home parks and real estate debt.
Watch out for these episode highlights:
5:05 - How Matt achieved financial freedom in a span of 3 years
7:18 - How Matt got into real estate investing
12:52 - Investing in mobile homes
22:01 - Finding and underwriting mobile home park deals
28:39 - Investing in car wash
34:52 - Financing car wash acquisitions
36:14 - Real estate debt strategy of lending to fix and flippers
38:12 - Matt on living an intentional life and pursuing passions
Interested in investing with Matt? Tune in to his podcast Ice Cream with Investors or visit their website: https://nextlevelincome.com/
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Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman
Next Episode
From Buying Duplexes to Building a Large Multifamily Portfolio | Jonathan Barr
In this episode, our guest Jonathan Barr, a multifamily investor and owner of JB2 Investments, shares how he grew from flipping houses with his parents to acquiring and managing apartment complexes worth more than $35 million.
Jonathan details his path through strategic acquisitions, leveraging relationships, and reinvesting profits to maximize returns over the long run.
You will gain valuable insights on sourcing off-market deals, understanding real cap ex costs, how to assess a building physically, and the importance of re-evaluating your investments based on your equity in them today vs your initial equity invested.
Highlights:
02:00 How did Jonathan start investing in multifamily?
05:23 The biggest mistake made
07:28 What is accelerated depreciation?
09:05 A transition from single to multifamily
13:06 The strategy for multifamily units
17:02 Return on the equity vs. the cash put into the deal
20:21 The second deal in OKC
24:36 New deal expectations and assessing units
34:18 How can you benefit from Twitter or LinkedIn?
39:12 How is Jonathan sourcing deals?
40:27 Sharing valuable insights learned along the way
45:57 How to get in touch with Jonathan
Interested in chatting with Jonathan? Connect with him on LinkedIn or Twitter (X):
https://www.linkedin.com/in/jonathan-barr-jb2investments/
https://twitter.com/Jb2Investments
---
Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman
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