Private lending is a business based on relationships. There is a significant level of trust that we place in our clients when we close a deal — and vice versa. Our borrowers want to know that they can count on us to do what we say. We are straight shooters and proud of it.
Many of you have worked with us already and found this to be true. But, for those of you who don’t know us personally, it can be a leap of faith. To dive a little deeper into who we are, we thought we’d share a recent interview with Authority Magazine profiling one of our founding principals, Tim Boord.
Here’s a snippet:
Interviewer to Tim: When evaluating deals or opportunities in real estate, what are the most important factors you look for and why?
“Flipping a house is not for the faint of heart. It requires a good amount of legwork and planning before the first hammer is lifted.
Clients often ask us what we look for when evaluating a deal. It basically comes down to one thing — the numbers have to make sense. At the end of the day, there should be enough profit left after all expenses are paid to adequately compensate everyone involved. You may be surprised to know that, here at NavCap, we pass up more deals than we accept.
So, our best advice to our clients is to take a good hard look at all of the costs involved in purchasing and renovating the house in question or, for rental properties, consider estimated market rents versus debt service. Consider the total cost of the property and see if there is enough profit to make the entire endeavor worth the considerable time and effort of building, renovating, or renting it.”
To read the whole article and get to know Tim, click the link below:
And, if you’re wondering whether we can help you with your next investment property, don’t hesitate to reach out. We’d be happy to provide pricing in the form of a quick quote. Or, if you’d like to discuss details, reach out to your loan officer directly or call 888.444.3160 or email email@example.com.