Today was another of the Nick Lieberman interview series.  The guest speaker was Scott Schweer of JP Morgan Chase bank.  Schweer heads up a team that specializes in loans to Multi Family Investment Properties, mainly apartment complexes.  More on Mr. Schweer in a bit, but there were a few interesting takeaways.  Number 1, the financial qualifications of the borrower are taking a greater importance in the underwriting process.  We’ve seen this across the board with banks for all types of acquisition loans (Businesses [SBA 7A], commercial properties [SBA 504], and Multi Family Investment Properties).   Number 2, loan transactions are up significantly in 2010 compared to 2009.  In particular, the stabilization of the rental market in most parts of California are one reason Schweer’s group is doing increased business in … Read entire article »