How To Get Your Deals Funded Quickly

Mortgage and Lending with Private Money Utah

I wanted to continue on this discussion from last week's post, "Checklist for Fast Closings of Private or Hard Money Loans."

I found a few good items that I wanted to add to this checklist.  In an older article out of the Scotsman Guide, written by John Kutac of Western Capital, some other things jumped out at me that I wanted to add to this list.

John discusses the importance of the "initial presentation."  With so much competition for the eyes of the lenders, you have to know how to present your deal in just the right way.  This is where an experienced broker can truly be of value because, as John wrote, quality presentation at the outset can give your deal the "best opportunity for funding."

Another thing that jumped out at me from the article was the need to present both the strengths and weaknesses of the deal in a clear, concise fashion. Your broker should understand the points that make your deal a good deal, as well as any issues with the deal.

And finally, the last thing I wanted to add to the checklist for fast closings from John Kutac's article is related to what we call the ‘timeline' of the property or project. Understanding the story or the history of a project is key for moving the underwriting process along quickly. Questions about the timeline include: "When was the property acquired and for how much?" and "How much cash does the borrower have into the deal up to now?"

To read more on this topic, visit our blog at

Posted by Corey Curwick on March 15, 2009


Comments (4)

Victoria Murphy
Sotheby's International Realty - Santa Fe, NM
Santa Fe, NM

Thank you

Mar 17, 2009 05:03 AM
Tere Rottink
CoastalVa Realty Inc - Virginia Beach, VA

I will read the previous article.

Mar 17, 2009 05:08 AM

Thanks for checking it out.

By the way Victoria, we compensate all of our R.E. Agents for private/hard money referrals. Keep us in mind!


Mar 17, 2009 05:23 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Thanks for sharing I will have to read these I'm sure they will help.

Mar 17, 2009 05:29 AM