It’s a very specialized product, which is why the broker I’m with focuses only on this loan.

I'm in the Permian Basin area of Texas; for those who are unfamiliar, it's home to a great majority of this great nation's oil and gas production and 1bd/1ba $1100/mo rents.

The other half is: excellent finished product design and management at a reasonable cost. 

Their departments are segregated so the new ones don't learn anything from the successful ones, their teams tend to skew engineer heavy with little thought for user experience, and their products rarely integrate in a sensible way since they are so segregated. 

It wouldn't hurt checking out a DSCR loan as these rates are beating conventional products in a lot of cases right now.

A study by Geraci LLP, analyzing data from 125 lending companies, shows that the private lending industry performed significantly better in the first four months of 2024 compared to the same period in 2023.When it comes to short-term loans—like fix-and-flip, construction, and bridge loans—there was a notable increase in production from 2023 to 2024.

Ultimately, raising money is about creating a product that your potential buyers want to buy.  

They will all have essentially the same product as you, BUT they will have purchased at a much lower price point. 

You're welcome to claim other things fall under that umbrella, but then we're just arguing about terminology which is not productive. 

One of the main reasons I got into this industry is my passion for helping people and wanting to guide people into a good loan product for them based on their needs.