How You Can SAVE Your Builder/Developer
When does a builder developer with a permit start to cry? When the lenders don't give enough money to finish the job (or to get started)...
Why?What happened? These are the usual questions that we ask (and probably what your developers had asked) but we already know the reasons why that happened.
Here are the top 5 Reasons why they didn't get an approval:
✅Assumed that lenders will love the project just because the city approved it
✅Assumed that they will get 65-80% of what's required from the bank because the appraisal looks good
✅Assumed that they've had several successful projects in the past (especially overseas/different country) so this is a done deal
✅They don't have a fully clear picture of their exit strategy (down to the dollar)!
✅They don't have any funds to fall back on (every partner/investor have contributed everything that had), therefore no reserve for surprises (beyond cost overrun)
We want to help Mortgage Brokers with their clients to avoid these dream crushing situations. Our workshop will help you level up.
Learn how to help builders, developers and investors:
✅Avoid spending investor money foolishly by locating lenders for the project before spending money on land assembly (portfolio exposure)
✅Avoid mistake of building a project that no lenders will finance or only offered reduce amounts (wrong product type)
✅Reverse engineer the approval with the lenders you have in mind. On top of it, you will learn how to: Attract builders, developers and sophisticated real estate investors.
✅Create equity in any project that you help with financing instead of just getting the commission. Bonus: Deepen your relationship, build unbreakable bonds with your investors.
In the last week of May, we'll be starting our level 2 workshop that will go deep into multi-family and mix use commerical construction financing as well as land assembly/development financing.
My Co-Instructor who has 25+ years working with a retail lender financing these Multi-family and Commercial construction projects will be teaching with me (yes, I've convinced him to moonlight on his day off). Imagine having his knowledge by tapping the experience from this veteran of 25+ years in this niche...What will this be worth to you?
I know it will make a difference in our country and help solve the affordable housing crisis. How would that make you feel? How much can you make from 1 development deal?
The first online class is already fully booked. The next workshop will be in the first week of July.
Are you ready to level up??? Schedule a call with me and see if you have what it takes to enroll: Book Call with Sua
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