💰 What's really happening with MHP financing in 2026?
Tune into our latest podcast episode to find out. Rates, spreads, indexes, and lender drama—this episode breaks it all down so you can stop guessing and start closing. In this episode, Michael and Ryan welcome back Judah Aderet, principal of Princeton Capital Group, for his third market update. Judah pulls back the curtain on where commercial lending stands right now—why the Fed cutting rates doesn't automatically mean your loan gets cheaper, which indexes actually move the needle, and why bridge debt is suddenly competitive with traditional bank financing. From treasury spreads to CMBS tightening to agency waivers, this is a masterclass in the debt side of the deal. Key Takeaways: 📉 Why Fed rate cuts don't always lower your commercial loan rate—and which indexes actually matter 🏦 How bank spreads over treasury are compressing, even as the 5-year treasury ticks up 🔀 Why bridge debt is suddenly neck-and-neck with traditional bank loans—and when it makes sense ⚖️ The critical difference between DSCR, amortization, and rate when comparing term sheets 🤝 Why your lender is your biggest partner—and how to vet them like one 📋 What agency waivers are available and how to manage Fannie and Freddie expectations 💡 How CMBS debt yields have tightened and what that means for cash-out refis You'll also hear: - How Prime-based lenders went from uncompetitive to winning deals as Prime dropped from 8.5% to 6.75% - Why Judah recommends asking lenders for client referrals—and what it means if they refuse - The real-world difference between master lease and seller financing when it's time to refi - How to shop 10 banks, pick a horse, and keep the others warm without burning bridges - Why a lower rate might actually deliver worse proceeds than a higher one - What happens when 21st Mortgage has homes financed in a park you're buying How quickly you can close after a rent increase with lenders (hint: faster than you think).