If the loan is not getting paid, you foreclose and sell the property to get your money back.The only other way you could get yourself in trouble is by giving the borrower cash before the work is done.  

This doesn’t change with your borrower’s LLC.

What’s the biggest red flag you watch for when vetting borrowers?

I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well. 

.... review the borrower's exit strategy! 

We have several business and are looking to borrow against these mortgages. 

Borrowers: what they say……..what they mean1.

Extension: Borrower may extend this note once for up to twelve (12) months.

Hello, I own a property with someone else but they have been MIA, what can I do if we have papers to sign?

Borrowers will be provided an upfront disclosure detailing this information.Contractor(s) Acceptance: Ø does not “approve” contractors or refer contractors.