157: Hard Money Lending: Underwriting, Investor Eligibility, and Common Sense with Heather Dreves

Big Mike Fund Podcast
Big Mike Fund Podcast
157: Hard Money Lending: Underwriting, Investor Eligibility, and Common Sense with Heather Dreves
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For today’s episode, we have Heather Dreves. Heather is the Director of Funding at Secured Investment Corp. She is a tenured employee that has worked in the Private Money Industry for over 15 years and held her series 63 license. Heather has been directly involved in the sale of over 100 million dollars in Trust Deed Mortgages and raised over 30 million in Secured Investment Corps High Yield Equity Funds. She has had experience in assisting underwriting, managing the Cogo and Servicing team in addition to Investor Relations.

Join us as she talks about her role at Secured Investment Corp, what’s happening in the hard money lending space, conservative underwriting, and having the capacity to serve both accredited and non-accredited investors. Tune in to know more!

HIGHLIGHTS OF THE EPISODE

00:23 – Guest Intro: Heather Dreves 

01:02 – A little bit about Heather

04:16 – A bit about Secure Investments Corp., it’s kind of business, and what’s going on in the hard money lending space

08:40 – Doing loans on the West Coast, or all over the map?

11:31 – Loan money at a higher rate or keep the prices where they are?

14:24 – Underwriting a little more conservatively

17:34 – Who do you serve? What’s the typical community?

22:14 – Official target returns for your funds

26:12 – Parting thoughts

If you found this episode substantial and want to dig deeper into real estate, or maybe you want to discover better investment opportunities, be sure to check out www.tempofunding.com.

CONNECTING WITH THE GUEST

Website: https://securedinvestmentcorp.com/

LinkedIn: https://www.linkedin.com/in/heather-dreves-6204a242/

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