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This week I spoke at the monthly meeting of the San Francisco Real Estate Investment Forum held at the offices of Holme, Roberts and Owen, LLP. The theme of my talk was Borrowers’ Biggest Financing Mistake.
My advice to any commercial property investor... build a stable of seasoned “trusted advisors”; mortgage banker, leasing and sale broker, attorney, architect, accountant, etc. Ask these advisors to trouble-shoot your plans before they are implemented - and particularly ask them about mistakes they have seen made by other investors, facing similar choices.
During my talk I shared a list of borrowers' common strategy and process mistakes, based on great input from twenty experienced members of Newmark Realty Capital’s loan production department. You can download the "biggest mistakes" list and presentation slides here.
"Experience is the name everyone gives to their mistakes". Oscar Wilde
