Pro Tips: Construction Lending | Private Lenders Podcast
Construction lending is a critical part of private lending, but it comes with its own set of risks and challenges. In this episode, we break down the strategies and best practices that help us structure successful construction loans—without unnecessary micromanagement or financial headaches.
📌 What We Cover: ✔️ How we structure construction loans and rehab financing ✔️ The balance between being conservative and being a stickler ✔️ Why we prioritize lending to experienced borrowers with cash reserves ✔️ The importance of quick and efficient draw processing ✔️ The nuances of new construction lending and minimizing risk
We also discuss why institutional lenders often overcomplicate the process, how to avoid getting stuck with unfinished projects, and the importance of keeping things simple for both lenders and borrowers.
If you’re new to private lending or looking to refine your approach, this episode is packed with insights to help you make better lending decisions.
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Are you a new or experienced private lender or hard money lender? Join Jason Balin and Chris Haddon from Hard Money Bankers as they draw from their extensive experience running a successful hard money lending company since 2007. Tune in weekly with episodes related to all aspects of private lending. From discovering lucrative loan opportunities to securing private capital, effectively managing your loan portfolio, handling defaults, and much more, we've got you covered.
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