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Multifamily Money


May 8, 2023

Acknowledging the significance of the current market environment, we present to you a recap of Episode 136 titled "The Credit Union's Investing Power" featuring our guest, Mark Ritter. In this episode, we delve into the discussion of various loan products and services to help you maximize your investments in multifamily deals and pursue other business endeavors. Let's dive right in!

 

WHAT YOU’LL LEARN FROM THIS EPISODE 

  • Credit Unions: What they are and their products and services
  • The real estate market a year ago vs. now
  • What is the most desirable asset for lenders?
  • Conservative ways to underwrite amid rate hikes  
  • How your company’s core values can benefit your relationship with lenders

 

RESOURCES/LINKS MENTIONED 

 

ABOUT MARK RITTER

A native of Berwick, PA in northeast Pennsylvania, Mark is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership.

In 2012, he took on the challenge of being the CEO of a business lending CUSO. Mark was the fifth CEO in five years for the organization, which lost money every month of its existence. Since joining MBFS, Mark increased the number of credit unions the CUSO services by over 8x, grew the revenue by, and 10x, and ensured positive cash flow every full year he’s been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs.

 

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