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How To Get Your Deals Funded Quickly
16 Mar 2009 | 1 Comment | posted by Corey Curwick Dutton | in Success
Checklist for Fast Closings of Private or Hard Money Loans.”
I found a few good items that I wanted to add to this checklist. In an older article out of the Scotsman Guide, written by John Kutac of Western Capital, some other things jumped out at me that I wanted to add to this list.
John discusses the importance of the “initial presentation.” With so much competition for the eyes of the lenders, you have to know how to present your deal in just the right way. This is where an experienced broker can truly be of value because, as John wrote, quality presentation at the outset can give your deal the “best opportunity for funding.”
Another thing that jumped out at me from the article was the need to present both the strengths and weaknesses of the deal in a clear, concise fashion. Your broker should understand the points that make your deal a good deal, as well as any issues with the deal.
Posted by Corey Curwick on March 15, 2009
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1 Comment
I agree with many of the points made in this blog post and the previous post referenced. I see a lot of deals pass by my desk and the ones that catch my attention certainly possess many of these characteristics. I do get the brokers that just copy me and ten other lenders on the same deal. Many times its the type of deal that the broker knows we don’t do but still sends it anyway. I can’t tell you how annoying this is.
Great post! Keep them coming.