Private Lending In New York City With We Lend Private Lending Insights podcast

Private Lending in New York City with We Lend

3M ago 53:32

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Solomon Suleymanov, Partner and Director of Originations at We Lend LLC, spoke with Rocky Butani to talk about private/hard money lending in the New York City metro area.

Visit We Lend’s profile on PrivateLenderLink.com to learn more and to contact them:

https://privatelenderlink.com/profile/we-lend-llc/?utm_source=lender-link-podcast

This interview is Episode #15 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/

00:00 Intro

01:06 NYC Market Overview

02:12 Rehab and Conversion Trends

03:55 Deal Example

05:52 Why Convert Townhouses

06:57 Manhattan vs Brooklyn

08:26 Brooklyn Price Insights

09:43 Long Island Projects

10:56 Tariffs and Inflation

12:03 Investor Activity

12:40 Loan Types

14:11 Ground Up Construction

15:45 Shovel Ready vs Raw Land

17:02 Foreclosure Bailouts

19:45 Bailout Case Study

22:40 DSCR in NYC

25:59 Multifamily Lending

27:32 Interest Rates

29:19 Rehab Loan Terms

30:41 About We Lend

33:56 Founder Background

35:36 Capital Structure

38:50 Loan Servicing

41:28 Squatter Challenges

44:54 Payment Deferrals

46:00 NYC vs Long Island

47:40 Westchester and NJ

50:15 Southern NJ Markets

52:44 NJ Foreclosures

54:02 Final Thoughts

55:33 Outro

19 episodes