We have a process for every step of the borrower process from CRM to uploading documents, online applications, underwriting, closings, project reporting, compliance checks, and loan servicing.

We will reduce risk to our investors with three key strengths.

1) We have experience in carrying out the loans we are underwriting. We know what a successful project looks like. And we know what problems and pit falls to look out for.

2) We can provide resources to borrowers to help them successfully complete their project and satisfy their loans commitments.

3) In the unfortunate case where we may have to take back a property, we have the experience, know-how, resources, and ability to complete the project and exit the property.

3 Step underwriting process:

1. Borrower profile including experience and liquidity.

2. Market Valuation. Analysis of the sub-market comps, pace of growth,

3. Plan & Scope which is the actual project plan including business plan, strategies, estimates, contractor agreements, permits, plans, schedule, selections, specs and detailed exist strategy.

We start with the 4 C’s as we like to call it. If we get through this initial underwriting stage, we go into a deeper underwriting dive.

Collateral – do the numbers work?

Character- communication, experience, reputation, resume, have a phone conversation, zoom call, or meet and interact in person. 

Capacity- do they have the Time expertise and capital to complete the project 

Credit- We want to ensure the borrower has a track record displaying a propensity to make payments and meet financial obligations in a timely manner. We also want to check the borrowers liquidity at this time and make sure they have enough cash reserves to carry out their project.

We are researching and evaluating the market for key indicators such as population growth, employment, schools, amenities, crime, and income.

Plan & Scope:

Our plan “Plan & Scope” review is very detailed and deals mostly with the business plan, project plan and exit strategies.

We ask that the borrower provide a general business plan for the project that includes information on schedule, job log, construction draws, Inspections, Permits on site, Quality control, General jobsite, Punch Lists, and Accounting.

We also ask for architectural plans, site plans, and any other relevant planning & design documents at this time.

We review all zoning, covenants, engineering, permit requirements, inspections, environmental, and other compliance components that will be required by the local governing municipality.

We ask to see agreements with contractors and subs at this time. We also ask for details on the suppliers they intend to purchase materials from if applicable.

If a remodel or construction activity is taking place we ask for a list of product selections and specifications.

We will also ask for a projected project schedule at this time.

I have a 5-module mini-course that my borrowers can access which includes checklists, spreadsheets, and templates.

1) Design Plans for the demand and valuation. Architectural floor plans, design features, MEPs, and amenities to match the current market and fit within the parameters of the project budget and valuation.

2) Entitlements and Compliance. What to consider and how to navigate Zoning, Engineering, Site planning, EPD, permits, structural, inspections.

3) Hiring a Contractor. How to find and hire a contractor and subcontractors.

4) Don’t lose money. How to not pay deposits and control your project.

5) Project Management. How to properly manage a project with a budget, suppliers, a contractor, trades, a schedule, and a job log.

We provide a boutique style lending service by offering resources and solution tools. I am in a position to do this based on my experience and knowledge on projects.

We want to fund good real estate deals and build good relationships with borrowers.  Each prospective borrower relationship will start with a conversation about their project.

Ultimately, we utilize experience in the industry to provide added value to lending clients by assisting them with processes, check lists, and resources for evaluating doing diligence and managing their projects.