Key Processes for Successfully Managing Construction Loans
Following these suggestions for project review and loan draws will help you define repeatable processes and reduce risk. Construction lending can be highly profitable, and the demand for this type of financing continues to grow. [...]
Introducing AAPL’s 2021-2022 Committees
Meet the committee members who will be the association’s advisors in three critical areas: education, advocacy, and ethics. During the past decade, we’ve zeroed in on three distinct areas that have grown to form the [...]
INSIDE THE DEAL: MY EXPERIENCE WORKING WITH A PRIVATE LENDER
Solve this one thing, and you’ll mint customers for life. My experience working with private lenders goes back to my second deal, which was more than 20 years ago in 2001. The truth of the [...]
HMDA Compliance
Many private lenders consider HMDA compliance and reporting to be a substantial burden. Dealing with needless government regulation and reporting is high on the list of frustrations small business owners face. The Home Mortgage Disclosure [...]
Judicial vs. Non-Judicial Foreclosure
Consider these tips to analyze which method is best to protect your investment. As lenders set their sights on growth, one of the most tried-and-true ways to grab more business is to expand into new [...]
Borrowers in Bankruptcy
Here’s what you need to know about the automatic stay—and strategies for getting past it. As part of a series of articles discussing strategies for private lenders to deal with bankrupt borrowers, this piece takes [...]
A CRITICAL LOOK AT ALTERNATIVE FUND STRUCTURES
In “An Insider’s View of Fund Management,” an article in the Winter 2021 issue of Private Lender, we intentionally left readers hanging about why Nexus Private Capital didn’t follow conventional wisdom when it came to [...]
UBTI and Mortgage Debt Funds
Make sure you understand the laws and tax consequences surrounding UBTIs. Unrelated Business Taxable Income (UBTI) is income that is regularly generated by a tax-exempt entity by means of taxable activities. This income is not [...]
Publish Your Closed Deals
Spreading the news about your funded transactions is an easy and effective content marketing strategy. Many private lending firms struggle to stay consistent with their marketing efforts, especially smaller operations that don’t have an in-house [...]
IRS Extends Opportunity Zone Fund Benefit
Ongoing pandemic spurs IRS decision to renew relief measures. In the recent IRS Notice 2021-10, the regulatory agency extended relief to Opportunity Zone Funds due to ongoing concerns stemming from the coronavirus. The announcement essentially [...]
Are You Accidentally Originating to Foreclose?
Consider these insights for being your borrowers’ watchdog—and building your reputation as an ethical lender. Originating to foreclosed on is also known in the lending business as “loan to own.” Loan to own can be [...]
ECHO PARK ‘CURATED’ CO-LIVING
A community of furnished bungalows in the trendy Echo Park area of Los Angeles exemplifies the importance of private lending. The Echo Park area of Los Angeles is what people imagine the “LA lifestyle” is [...]
NEW LAW IMPACTS NON-JUDICIAL FORECLOSURES
California enacts major changes to the non-judicial foreclosure process. In the final few months of 2020, much to the dismay and over the opposition of several industry groups, the California legislature approved, and the governor [...]
The Ultimate Blueprint for Scaling Growth in Real Estate
Here’s how to set yourself up for success in even the most challenging market environments. Where do you want your business to be in one year, three years, five years? Answering this question in a [...]
Proposed Licensing Legislation Could Impact the NY Housing Market
Current home flippers infuse the housing market with quality, affordable inventory. Proposed legislation in New York could make it harder for real estate investors to finance real estate renovation projects, which could further limit the [...]
Optimizing Fix-and-Flip Programs for Growth and Profit
Standardizing your processes creates efficiencies and transparency—and drives success. To set your company up for success in fix-and-flip lending, the right mix of standardization, people, and technology is key for a profitable program. Let’s look [...]
Last Call: What Drives You
I’ve always been wired a certain way, from back before I can remember. I’m very high energy, very high strung, and very committed to the things I care about. My Mom told me a story [...]
Don’t Let Your Insurance Requirements Get You in Hot Water
Forty-two states have a law that say you can’t require too much dwelling insurance. Insurance. Just the word can conjure up anxiety and dread in many people, especially those involved with the life cycle of [...]
Federal Eviction Moratorium Extended
Here’s a look at what private lenders need to know about the executive order. As part of a concerted effort to mitigate the spread of the COVID-19 pandemic, newly-elected President Joe Biden implemented a flurry [...]
COVID-19: A LITMUS TEST OF PRIVATE LENDERS’ SELF-REGULATION CAPABILITY
The private lending industry of today can trace its near-exponential growth over the past decade back to government regulation. Regulation of parallel industries, that is. Strictures that have reined in traditional institutional lending practices have [...]
