The Down-Low on Low Equity Loans
As mentioned in our first Back to Basics article, relationships can’t be your sole determination for risk and should take a backseat to hard facts. After all, bad things can happen to good people and not making data driven decisions about who to lend to and what to lend on can leave you in a […]
5 Things Every Borrower Should do to Expedite Their Loan Closing
One of the biggest complaints I hear about the real estate financing industry is how slow some lenders can be to close a deal. I have heard on occasion borrowers complain my team is not working quickly enough, or in other instances, borrowers will complain to us about other lenders they’ve worked with in the […]
Finding Qualified Borrowers to Increase Your Private Lending Deal Flow
You’ve just funded your first handful of private money deals and now you are hooked! If you’re like me, you fell in love with the act of sleuthing out a loan request and doing your due diligence on the borrower, their project, and the property being used as collateral. It is like a 1000 piece […]
Don’t Let Relationships Fool You
Do you place significant value on your relationships with your best borrowers? If you do, you’re not alone. And because you value those seasoned, well-qualified investors so highly, you—like many institutional private lenders—likely offer tiered rates and terms to accommodate them. For private lenders just starting out, this strategy could prove troublesome. Let’s take a […]
5 Ways to Scale Your Private Lending Practice
The first time I funded a private loan, I knew I was hooked. I loved the art of underwriting the deal, I loved that it was backed by real estate (something I knew more about than the stock market) and I loved how little I needed to actually do after my loan funded in order […]
April 2021 Originate Report – The Official Magazine of Geraci Law Firm
Industry Spotlight – Beth Flynn – Managing Partner at Flynn Family Lending (pages 34 – 37) Our very own Beth Flynn was featured in the April 2021 Originate Report. This is the official magazine of Geraci Law Firm and we are so excited to see Flynn Family inside. Click here to check it out. Published […]
How to Come in 2nd (position) and Still Win Every Time
A lot of people are surprised to hear close to 50% of my annual loan volume is in 2nd position loans. They are even more surprised to hear that despite funding nearly $100M in loans in the last six years – mostly through direct placement of whole note (also known as trust deed) investments for our private […]
Common Mistakes New Private Lenders Make & How to Avoid Them
I’ve been asked quite a few times over the last year to review “deals” new(ish) private money investors would like my input on as a seasoned private lender. Many have also come to me after the fact to evaluate options to problem solve after existing loans have gone sideways. I thought I would recap some […]
