Episode 60 - How Does Private Money Lending Work?
When one applies for a loan, the process could take several days, only to find out that it was denied. In this episode, Mo is joined by Bradley, CFO/CIO of S&L Capital Group. Bradley shares that borrowers need not talk to an account executive, to...
When one applies for a loan, the process could take several days, only to find out that it was denied. In this episode, Mo is joined by Bradley, CFO/CIO of S&L Capital Group. Bradley shares that borrowers need not talk to an account executive, to an account manager, then have to deal, then go to underwriting, only to find out fourteen days later that they do not have a deal even on a straightforward bridge loan. So he and his business partner found a way to leverage all the available technologies to keep the cost down and cut all the fat out of operation so clients can get an answer on day one. He even dives into the details of private money lending. So if you want to learn more about it, tune in and enjoy!
In this episode, Bradley talks about…
- How Brad met his business partner
- The hard part of hard money loans
- Technological changes in private money lending
- What is the underwriting process like for passive investors?
- His target asset classes in his business
About Bradley Laddusaw…
Brad Laddusaw, CPA, graduated from California State University, Fullerton, with a double major in Accounting & Finance. He started his career in the audit practice of Ernst & Young, where he serviced clients in the Real Estate, Home Building, and Retail Consumer Product industries. Subsequent to leaving Ernst & Young, he joined the Investor Relations team at a Los Angeles-based private lending company, where he quickly moved up the ranks to Vice President of Finance.
In July 2017, Brad started S&L Capital Group, a Southern California-based private lending firm, with his business partner, Corey Siegel, another Cal State Fullerton alumni. Since entering the private lending industry, he has been involved in underwriting and directly placing over $200,000,000 in trust deed investments to accredited investors and Family Offices.
Catch Bradley Laddusaw on…
Website: https://www.slcapitalgroup.com/
Connect with Mo Bina on…
Website: https://www.high-risecapital.com/
Medium: https://mobina.medium.com/
YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured
Instagram: https://www.instagram.com/highrisecapital/
For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:
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