Blog

Meet Rodney Young, Our New Business Development Director. (He Might Look Familiar.)

Posted by Residential Capital Partners on Jun 4, 2020 1:45:17 PM

As a relationship-oriented private lender, Residential Capital Partners takes pride in who we hire. Our criteria are simple, yet stringent: personal experience in real estate investing and a proven track record of treating investors like partners — as opposed to a transaction. Which is why we’re especially excited to welcome Rodney Young, a former HomeVestors loan development manager — and very familiar face — to our team.

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Topics: Fix and Flip Lenders

Thrive Through COVID-19 With a Relationship-Oriented Private Lender

Posted by Residential Capital Partners on May 20, 2020 11:47:01 AM

The coronavirus outbreak— and the subsequent turbulence of the stock market—has revealed stark differences between private lenders’ customer service models:

  1. There are hard money lenders that rely on Wall Street to buy loans they have placed on a warehouse line. They treat loans as transactions.
  2. And, there are lenders that have used their own balance sheet to fund loans. They treat loans as relationships.
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Topics: Fix and Flip Lenders

So Your Hard Money Lender Backed Out Because of COVID-19

Posted by Residential Capital Partners on Apr 24, 2020 10:46:47 AM

Coronavirus has spread across the globe in rapid time, disrupting nearly every industry in its wake. House flipping is no exception. Real estate investors are now forced to navigate new challenges to secure funding. Banks are preoccupied and most hard money or private lenders are either sidelined, denying loans or raising interest rates and cash reserve requirements. The clock is ticking—what do you do?

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Topics: Fix and Flip Lenders