Fix and Flip loans are larger these days because the base price of houses has gone up.
Bridge loans for land and commercial projects is active.
Construction loans is the most active category for us. Framing costs have escalated by almost 30% but spec houses still return profits for builders provided the quality and location are good.
Cash out Refi’s are also active, especially with Canadian investors who have seen their dollar eroded and are either selling their properties or refinancing and pulling cash out.
Industrial remains quiet although flex space and industrial condos have some life.
Multi Family is very active even though cap rates have gone down and price/unit has gone up.
Overall, the market is vibrant and that is good for all of us hard money and private money lenders.
– Randy PerssonShare