T he most productive and sustain- able relationships are premised on a strong foundation of mutu- al trust. You trust your attorney to provide objective, well-researched legal insight. You turn to your physi - cian for dependable, effective medi- cal treatment. What about your private money lender? For many Americans, one of the most significant financial life
events is purchasing real estate. For investors, a lender is the primary means of scaling their business to generate favorable returns. It is essential to have a dependable lender in your corner—one you can depend on for efficient and flexible funding options with competitive terms. Finding the right lender for your real estate transaction entails more
than just locking in the best interest rate. Just as important is ensuring you are comfortable working with the organization sourcing the capital you need. Choosing a lender is like choosing a business partner. At the end of the day, you are both invested in each other’s long-term success. A profitable investment property facilitated via a properly structured financing protocol is a win-win situation for both you and the lender. To help you find a lender you can trust, the financial experts at Gauntlet Funding have compiled some practical tips real estate professionals can implement when choosing a lending partner. It’s a crowded market for sure—there are plenty of lenders competing for attention. Although the options may seem overwhelming, the following advice will help you confidently vet potential lenders and find the best fit for your given situation. TRANSPARENCY IS A MUST Ally Bank recently conducted an extensive internet survey to gain a better insight into what borrowers look for in a lender. Customer service topped the wish list, with 48% of respondents citing subpar client focus as the reason they cut ties with a lender. Having a streamlined application and underwriting workflow was also a sticking point, along with low interest rates and minimal fees. The key to selecting the right lender is knowing what questions to ask. Are there excessive administrative and processing fees hidden in the fine print of the lending agreement? Do you know what factors the lender focuses on when evaluating a proposed deal during the underwriting process? Does the
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