Private Lending in New York City with We Lend
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
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
