Andy Margolis's guest appearances

Andy Margolis

Mobile Home Park Investors with Jefferson Lilly & Brad Johnson

The Legends Podcast

Mike Johnson

Paul Bradley

Andrew Parker

Steve Case

Brad Huffines

Ralf Gomm

Freddie Mac

Brandon Turner

Ryan Murdock

Spencer Roane

Brian Trippe

Charles Becker

Jill Denlea

Justin Powell

Erik Hanson

OwlTail

Good friend of the program Andy Margolis (26:00) joins The Legends Pod to discuss the many stories that make him a legend. Andy dishes on some of the projects and initiatives he took while serving as Risk Manager of AEPi IU, the time he committed grand theft golf cart while at summer camp, and much more. Andy also gives his take on living all over the US during the pandemic, using social media, and Indiana Basketball. Also, Sam and Ari break down the 2021 NFL draft.

Andy Margolis, Big 4 Consultant and Initiative Taker, on Learning Lessons from College, A Life's Worth of Shenanigans, and Moving Around During the Pandemic

Welcome to Episode 55 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. What do mortgage bankers bring to the table? Well, in this episode, Jefferson and Brad bring on Andy Margolis, a mortgage broker from Draper &amp; Kramer. Andy explains in detail what a mortgage broker can do for you when it’s time to borrow money.   Key Takeaways: [3:10] How did Andy become a mortgage broker? [5:00] Why should somebody use a mortgage banker? [9:15] Andy highlights an example of how he saved a client money, and even noticed some things in the loan docs that his attorney missed. [10:45] How does Andy work with mobile home park lenders, especially when it comes to park and home percentages? [11:45] Why would you do a life insurance loan vs. a CMBS loan vs. a bank loan? [13:55] When somebody comes to Andy with a deal, does he shop it around to life companies, CMBS, etc. for the best deal? [17:30] If somebody were to buy a $500,000 park, what would that financing structure look like? [21:10] Andy shares some examples of what some of his deal structures looked like with his most recent clients. [28:20] When would a non-recourse lender come after you personally? [32:30] Find a lawyer who is familiar with CMBS loans. If you’re working with an attorney who has never done one before, your legal bill will double. [35:35] Mortgage brokers typically cost about 1% of the loan amount, which typically gets paid out on closing.   Mentioned in This Episode: Park Street Partners Mobile Home Park Investors Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to: deals@parkstreetpartners.net Draperandkramer.com Email Andy: Margolis@Draperandkramer.com Call Andy: 312-795-2507

Welcome to Episode 55 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. What do mortgage bankers bring to the table? Well, in this episode, Jefferson and Brad bring on Andy Margolis, a mortgage broker from Draper &amp; Kramer. Andy explains in detail what a mortgage broker can do for you when it’s time to borrow money. Key Takeaways: [3:10] How did Andy become a mortgage broker? [5:00] Why should somebody use a mortgage banker? [9:15] Andy highlights an example of how he saved a client money, and even noticed some things in the loan docs that his attorney missed. [10:45] How does Andy work with mobile home park lenders, especially when it comes to park and home percentages? [11:45] Why would you do a life insurance loan vs. a CMBS loan vs. a bank loan? [13:55] When somebody comes to Andy with a deal, does he shop it around to life companies, CMBS, etc. for the best deal? [17:30] If somebody were to buy a $500,000 park, what would that financing structure look like? [21:10] Andy shares some examples of what some of his deal structures looked like with his most recent clients. [28:20] When would a non-recourse lender come after you personally? [32:30] Find a lawyer who is familiar with CMBS loans. If you’re working with an attorney who has never done one before, your legal bill will double. [35:35] Mortgage brokers typically cost about 1% of the loan amount, which typically gets paid out on closing. Mentioned in This Episode: <a href="http://www.parkstreetpartners.com" rel="nofollow" target="_blank">Park Street Partners</a> <a href="http://www.mobilehomeparkinvestors.net/" rel="nofollow" target="_blank">Mobile Home Park Investors</a> <a href="http://www.parkstreetpartners.net/real-estate-syndication/" rel="nofollow" target="_blank">Investment Opportunities</a> <a href="http://www.parkstreetpartners.net/resources/" rel="nofollow" target="_blank">Park Street Partners Business Resources</a> LinkedIn: <a href="https://www.linkedin.com/groups/131404/profile" rel="nofollow" target="_blank">Mobile Home Park Investors Group</a> Send deals to: <a href="mailto:deals@parkstreetpartners.net">deals@parkstreetpartners.net</a> <a href="http://www.draperandkramer.com/" rel="nofollow" target="_blank">Draperandkramer.com</a> Email Andy: <a href="mailto:Margolis@Draperandkramer.com">Margolis@Draperandkramer.com</a> Call Andy: 312-795-2507

EP055: Interview: Andy Margolis, Mortgage Broker with Draper & Kramer