Private Money fills the void created by banks that stopped lending to real estate investors and entrepreneurs
Chicago, IL (PRWEB) November 03, 2013
Southside Builders Association is excited to host a panel of Private Money Experts moderated by Michael Hobbs on Wednesday, November 6, 2013 at 11:30am. Southside Builders Association regularly provides timely and informative monthly education and networking sessions over lunch in Greektown.
Given the current restricted real estate lending environment, the November lunch features a panel of experts who will discuss how private money, both debt and equity, can contribute to getting your deals done in this economic environment. They will explain how private money can be utilized to bridge the gap left by the retraction of traditional funding sources (such as banks and mortgage lenders) and will provide insight into which sort of projects are best suited for private money. The experts will share their views on the kinds of terms, provisions, and underwriting considerations, a client should commonly expect when working with a private money source of debt and equity. Since many real estate investors are not familiar with the process of hard money lending, this is a timely topic.
In today's environment, where Wall Street banks and money-center banks are still hesitant, if not resistant, to lend money to real estate investors and entrepreneurs, how can a real estate investor grow and thrive in this competitive environment? One possibility is to work with local lending institutions who cater to real estate entrepreneurs and another possibility is to work with private lenders. Private lenders come in all shapes and sizes and can employ creative techniques to allow a real estate investor a means to achieve their goals.
Many members of the Southside Builders Assocation will agree that there is always money available for a good deal. Yet more importantly, the biggest loss occurs when the deal didn't get done because someone didn’t want to pay for available money to close the deal and secure their profit. Don't lose out on your next great deal!
The panel participants are:
- Lin Boatwright of Barnett Capital Ltd. Barnett Capital empowers real estate and entrepreneurial investors the possibility to seize opportunities they cannot leverage themselves which traditional lenders cannot match. Lin is a Discounted Payoff Specialist.
- Christian Laden of Laden Law P.C. Laden law specializes in representing private money lenders, underwriters and servicers for residential and commercial real estate.
- Rick Martin of R & C Financial Inc. R & C Financial actively brokers private and hard money lending for real estate investors.
- Kevin Werner of Renovo Financial. Launched in 2011 with private-equity backing, Renovo is a leading lender for Chicago-area experienced real estate rehabbers and investors. Kevin is a Chicago Rehab Lending Specialist
The moderator is Michael Hobbs, SRA, LEED GA, RAA of PahRoo Appraisal & Consultancy, a real estate expert with extensive experience in rehabbing, investing, and appraising. PahRoo actively consults real estate owners, investors, lenders and developers on residential and commercial real estate projects.
The Southside Builders Association is a not-for-profit association of professional builders and Real Estate Professionals dedicated to the rejuvenation of Chicago’s historic south side.
In addition to supporting its members' commitment to building superior quality homes, the SBA seeks to provide technical and professional input to the City of Chicago on issues affecting housing. Together with the City and our neighbors, the SBA has long term plans to contribute to the expansive rebirth of Chicago’s great south side neighborhoods by promoting real estate investment, responsible property and project management through sound, ethical business practices.
SBA Members are active in the development of hundreds of new construction townhomes, condos as well as single family homes and mixed use developments on the South Side of Chicago in neighborhoods such as North Kenwood, Oakland, Hyde Park, Bronzeville, Woodlawn, South Shore and the surrounding communities.
SBA members receive education, networking and discussion of real estate investing, as well as a long list of member benefits and services. Its members include full- and part-time investors and everyone from accountants to attorneys to doctors and bankers.
November’s Main Event will be at the Parthenon in Greektown, 314 S Halsted, Chicago, Illinois. Free valet parking at the restaurant. Registration is from 11:15am to 11:30am, followed immediately by the panel discussion and lunch.
All members and guests are welcome. Lunch is $35
For more information about us, please visit http://www.southsidebuildersassociation.com/ or contact Bob Dickinson, chapter secretary.