The Construction Lending Podcast

In today’s episode, we interview Heather Penziol and Kate Bohlin from Horizon Bank. They’ll be sharing their insights, and experiences in the world of construction lending. They also emphasize the importance of aligning expectations to avoid any potential issues. Also covered is the importance of training, managing customer expectations, and establishing clear policies and procedures. Our guests highlight the interconnected nature of various bank services and explore the financial implications beyond the construction lending department.

In today's episode, we dive into the intricacies of state statutory requirements and how they impact construction lenders. Our guest is Sean Faries, the CEO and founder of Land Gorilla. We discuss the importance of understanding state requirements, balancing risk, and minimizing borrower friction in the lending process. Sean also discusses a valuable resource from Land Gorilla, the State Compliance Library, designed to provide lenders with essential information on lien waivers, construction laws, and more. Whether you're a construction lender or simply interested in the topic, this episode is full of valuable insights and expert advice.

Ed Peace from the USDA joins us to discuss their unique new construction loan programs for rural markets. With the only construction to permanent program that is Ginnie Mae securitizable at closing, the USDA Single Family Housing Guaranteed Loan has much to offer borrowers. Lenders benefit from the ability to book the ROI of the loan quicker. In our discussion, we cover the shifts of home building in rural markets, specifics and important parameters of the USDA’s construction loan program, and we share a few personal stories of constructing homes in rural areas.

Today’s topic is about alternative solutions to affordable housing including Factory-Built Housing. It is no surprise that we have a housing inventory and affordability crisis. But there are some great alternative, affordable solutions to a stick-built home such as factory-built. What are the benefits and challenges of Factory-Built Housing? Listen as we uncover this alternative solution.

In this episode, join our conversation with 1st Security Bank as they discuss their journey to become a leading custom residential construction lender in their market. Garth Kent, Home Lending Collateral Underwriting Manager, VP for 1st Security Bank walks us through the growth of their program, the strategic approach to scaling and enhancing customer experience, overcoming challenges, and the immense satisfaction of helping clients achieve the dream of owning a home.