Let’s assume you want to buy a property that costs $1,000,000. How are you going to pay for it?

Are you fortunate enough to have $1,000,000 in the bank and can pay in all cash?

Most people don’t have this luxury and need to borrow a portion of the $1,000,000 in order to make this purchase. You would get a loan and the terms of the loan dictate how much you pay each month and how long you need to pay it back for.

“Promises make debt, and debt makes promises.” — Danish Proverb

  • An amortized loan is a…

In my previous blog “Today’s Commercial Real Estate is the NBA of the 1990's”, I gave a brief introduction to Form-Based Zoning Codes and promised to delve deeper into this term in a later blog. Here we go.

Form-Based Zoning: “A form-based code is a land development regulation that fosters predictable built results and a high-quality public realm by using physical form (rather than separation of uses) as the organizing principle for the code.” — formbasedcodes.org

What does this even mean?

  • As more and more counties adopt modern Form-Based Codes, real estate development will continue to trend towards more…


Sustainability and energy efficiency has been a growing topic as of late — especially with the new Biden Administrations infrastructure plan. While sustainability traditionally has been a luxury many can’t afford, a government financial product has made it not only financially feasible but potentially profitable.

What is C-PACE? How does it work?

This blog is a collaboration between StackSource teammates, Huber Bongolan and Dylan Vaccaro, to offer you some insight on how to benefit from this relatively new financing.

  • PACE has been around since 2001, gained more legislative footing in 2008, and has started growing in popularity in 2015


My previous piece, “How to Finance Your First Commercial Real Estate Deal”, discussed what you should expect to know when you’re looking to finance your first CRE deal. It’s helpful to those that are familiar with residential financing and want to cross over into commercial real estate investing.

This piece provides specific differences between the two sides of real estate finance: Residential vs. Commercial.

  • 7 differences include: borrower, government sponsorship, payment term, interest rate / credit score, LTV ratio, down payment, and closing time.
  • This is only an initial guide and NOT a comprehensive list.
  • Please contact me or…


Suburbanization has been a trending topic — the exodus of population from the urban core out to suburban areas.

Personally, I’m considering moving to DTLA so I wanted to figure out my rental options.

Conclusion: It’s a great time to be a renter in urban markets.

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  • I personally called 20+ Class A Multifamily properties in DTLA to create the chart below.
  • Gross rents are down 20% — 30% from pre-Covid rent levels.
  • Since many buildings are offering various promotions, effective rents are down 27% — 32% from pre-Covid levels.
  • I suspect that these findings mirror trends occurring…

If you want to buy a home, the typical down payment is 20% of the purchase price. The typical minimum you can put down is 3.5% and that is by getting approved for an FHA loan. The only way to get 100% long-term financing for a 1–4 unit property is through a VA loan (you need to be a veteran to qualify).

Now what if you wanted to get 100% financing for a commercial property? (5+ unit apartments, retail, office, industrial, hotel, etc.)

There are a couple of lending products that get you very close and a couple that actually…


“There’s levels to this!”

If you’ve never heard this saying, it’s usually used when someone is trying to sarcastically describe how complicated a situation is.

Commercial Real Estate can be quite complicated, but lucky for you, I love simplifying things.

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  • Level 1 is understanding the different types of lenders. Level 2 is having a network of different lending companies. Level 3 is having a deal champion within the walls of each lender.
  • A deal champion is industry jargon for a person that works for the lender and works with you to advocate for your deal.
  • Not all…

“It was the best of times, it was the worst of times…” — Charles Dickens in A Tale of Two Cities.

We once again may see this worst of times bring about the best of times.

The inspiration for this piece came from some very hard talks with desolate retail shop owners in Downtown Los Angeles and San Francisco’s Market Street. Many shops are closed and boarded up while the few still open lack confidence in how much longer they can survive.

I don’t have a crystal ball telling me how long this will last but I hope the…


Happy New Year! Is buying a new home on your 2021 to-do list? Are you curious how much you could qualify for to buy a home?

In this series, we break down trending terms or concepts that need a little more explanation.

Today: Pre-Approval Letters

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  • The home buying qualification process underwrites loan-to-value (LTV) ratios, debt-to-income (DTI) ratios, and credit scores.
  • LTVs should be 80% or below, DTIs should be 45% or below, and credit score should be 700 or above. (Should is not a must. Exceptions can be made.)
  • Skip to the end if you just want…

Negotiating with Lenders — Part One

At StackSource, we’re a digital platform that helps match real estate investors with lenders. Our team of Capital Advisors also assist in negotiations on behalf of our clients to get the best terms from our lender relationships.

In this new blog series, we’ll explain tips and tactics you can use to succeed in negotiating the best possible loan for your real estate investment. First up is Negotiations 101: Knowing what the other side is looking for.

  • There are eight main types of lenders: CMBS, Agencies, SBA, Life Companies, Banks, Credit Unions, Debt Funds, and Private Capital
  • Understand the basic…

Huber Bongolan

Huber is the Director of Capital Markets at StackSource. His passion is to share knowledge about commercial real estate, economics, and real life principles.

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