Harpreet’s perspective
Real questions. Real properties. Real numbers.
Private financing can solve problems. Maybe traditional financing wasn't available. Maybe you needed to close quickly. Maybe credit needed time. Maybe income documentation wasn't ready. Maybe the property required significant work. Fine.
Ask the Exit Question First
But before I put you into private financing, I want another conversation: ‘What needs to change so we can get you out?’
Maybe we need stronger income history. Maybe credit balances need to come down. Maybe the property needs renovations. Maybe another property needs to sell. Maybe we're ultimately targeting an alternative lender first and a traditional lender later. Whatever the strategy is, write it down.
Time Costs Money
Private financing can be useful because it gives you time and flexibility. But time costs money. So don't waste it.
If we have a 12-month private mortgage, I don't want to start discussing the exit in month eleven. The exit starts on Day One.
What Winning Looks Like
Getting a difficult deal funded feels great. Getting you back into better long-term financing? That's the part I consider the win.