In this episode of the NOM Studios podcast, we sit down with Derek Shannon, partner at MR Qualified, a private real estate lending firm that's redefining how investors secure financing for their projects. Derek shares the unique advantages of working with private lenders who can close deals in as little as three days, compared to traditional banks that are increasingly risk-averse and bogged down by lengthy approval processes.
From his early entrepreneurial influences (including his grandfather in the garment industry) to forming a partnership with Matt Rodrigue that has led to over 100 loans with zero credit losses, Derek offers valuable insights into the world of private lending. Learn how MR Qualified has doubled their loan volume every year and built lasting relationships with real estate investors by focusing on communication and flexible solutions when challenges arise.
00:45 - What MR Qualified does and how they fill the gap when traditional financing isn't available03:15 - How Derek and his partner mitigate risk while funding loans with their own capital07:30 - The importance of communication between borrowers and lenders when projects face challenges10:45 - MR Qualified's impressive record of zero credit losses across over 100 loans13:20 - Derek's entrepreneurial journey, inspired by his grandfather in the garment manufacturing industry18:40 - How COVID led to both Derek's signature mustache and the formation of MR Qualified22:15 - Growth plans for MR Qualified and doubling loan volume year over year26:30 - Derek's passion for skiing and its connection to his business partner31:10 - The ideal client profile for MR Qualified and where they operate
Whether you're a real estate investor looking for flexible financing options, curious about alternative lending, or simply interested in entrepreneurial journeys, this episode offers valuable insights into a rapidly growing niche in the real estate market.
• Email: derek@mrqualified.com• Website: mrqualified.com• Instagram/Facebook: @m.r.qualified• LinkedIn: Derek Shannon / MR Qualified
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#PrivateLending #RealEstateInvesting #EntrepreneurialJourney #AlternativeFinancing #HardMoneyLoans #REIFinancing #NOMStudios
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