Meet Mark Ritter. A credit union based lender with an amazing insight into real estate investor solutions.
Here's a snapshot of our conversation:
So, you know, one of the differences in that we see out there, I, I'm going to kind of lift up the covers of the financial institutions today. Nobody. Even credit unions, but particularly banks, nobody ever says, we're not lending today, but there's a lot of lenders behind the scenes who are saying, we're not lending today.
And what they do is they raise the interest rates or tighten the box to make it so they're not lending. And that really comes down to one thing and it, and it's not demand for loans. It's liquidity concerns. You know, and some people put a cover on it like, oh, we're concerned about the marketplace, we're concerned about this.
No, they, they're concerned about their own liquidity.
Listen in and learn friends. A credit union may actually be the local solution you need.
Connect with Mark: CONNECT
Mark's website: WEB
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Death, Sex & Money
Anna Sale explores the big questions and hard choices that are often left out of polite conversation.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.