B-Lenders, Private Money or Conventional Bank? Finance Your Next Deal Right!

Did you know that there’s an art to placing deals with the right type of financing partner? In this episode, we hear from top Quebec lending specialist and mortgage broker Serujan Kaneshalingam.  

Got good business numbers stuck in your business account, but not a lot of declared revenue? Consider a B-lender. 

Got a great project that isn’t right for a conventional bank or a B-lender? Have you considered private lending? Hang on before signing on the dotted line! Serujan explains why it’s essential to have a solid exit strategy and to only work with the crème-de-la-crème of professional private lenders. 

Enjoy listening!

What we learned from Serujan and Terrie Schauer in this episode:

- How to stand toe-to-toe with expert investors as a young investor. 

- How the financing works on different sides. 

- The pros and cons of commercial and private lending. (... discover your financing strategy with Serujan’s advice.)

- The advantage of always working with professional private lenders.

- The importance of having an exit strategy and knowing who you're working with. (... learn why these two components are key to your success and how they can save your portfolio.)

Success Quotes:

"When you're able to find a solution, they don't really look at your age anymore.” - Serujan 

“All you have to make sure is, is it worth it? Do the numbers and make sure that all the expenses of this loan is covered by the profit of the property.” - Serujan 

“A lot of people don't actually talk about the horror stories about how people lost money in real estate, people that lost their property because they didn't do the numbers right.” - Serujan 

Timestamp:

00:00 - Intro

01:00 - Serujan talks about his journey of how he became a mortgage broker. 

05:40 - Serujan shares some golden nuggets on how you can stand toe-to-toe with expert investors as a young investor. 

08:36 - From the standpoint of a mortgage broker, Serujan talks about how the financing works. 

11:53- Serujan discusses the pros and cons of commercial and private lending. 

16:10 - Serujan talks about the importance of having an exit strategy and knowing who you're working with. 

23:45 - Serujan discusses interest rates from various lenders.

25:30 - Serujan recalls the lifestyle hit he took when he started his mortgage broker journey. 

28:37 - Serujan speaks about what real estate investors need to talk about that isn't being discussed.

31:50 - Ways to connect with Serujan.

32:22 - Outro

Connect with Serujan K here: 

LinkedIn: https://www.linkedin.com/in/serujan-kaneshalingam-911a3b112/ 

Instagram: https://www.instagram.com/serujan.k/?hl=en

Facebook: https://www.facebook.com/serujanhypotheque/ 

Connect with Us:

Facebook Page: https://www.facebook.com/restateinvestorsclub/ 

Email: reic@clubimmobilier.ca 

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/ 

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/ 

Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/