I work for a portfolio lender as their point person for construction loans, and now I'm trying to grow the division.

I would talk to some lenders  getting land loans and development loans with no experience is next to impossible starting out.. 

I am connected with a few lenders but I'm open to talking with others. 

Did the lender agree to give you a deed in lieu? 

This included some landmark deals including Rockefeller Center’s $3.5B loan and Miami Beach’s Fontainebleau $1.2B refinancingAlternative lenders filling traditional banking gaps with short-term solutions which has already begun a cycle of consolidation that will likely continue and accelerate in 2025The Office Sector Divide:CBD property values are down 50.7% from 2021 peaksClass A office properties seem to be in their own vacuum of prosperity with trophy properties commanding premium rents ($100+ PSF nationally, up to $247 in top markets) with strong occupancyHybrid work continues impacting older building valuations which have not faired as well, but this may begin to rebalance as more companies are instituting mandates to return to physical officesChallenges & Opportunities:$1 trillion in loans maturing by 2026Interest rates up from 3.5% (2021) to 6.74% (2024)Experts such as AEW’s Michael Acton and Blackstone’s Nadeem Meghji see the best entry point in the last 15–20 years and we agreeMarket Outlook:Current market conditions present unique opportunities, with inflation-adjusted prices at historic lows and yields at decade highs.

If you’re building spec homes and looking for a line of credit, both options, local banks and private lenders can work, depending on your situation.

Someone taking out a mortgage for the first time has NO history of paying a mortgage on their credit score, BUT lenders still believe the score is useful!

This is investing privately as a lender to a local investor or being LP on an investment such as a syndication.

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.If you want to close in the name of a LLC/ LLC taxed as an S Corp, or an S Corp, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).

Portfolio lender, they’re limited to certain counties though.