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1 contribution to Private Real Estate Lending
From Mentally Overwhelmed to Breakthrough on a Same Day EMD request!
Through taking action, I learned that to really overcome overwhelming feelings I needed to SIMPLIFY everything - my conversations, my processes, my systems, everything. I have been fortunate to partner with others to learn how to be successful while taking action alongside them. ๐Ÿ‘‡Here is an example of what Iโ€™ve learned and how Iโ€™m applying it to my business: As a Transactional Funder, I fund EMD, Double Closes, and down payments for Stack Method opportunities. I received a last minute EMD funding request for same day funding on one of the busiest days of the year for closing transactions - ๐ญ๐ก๐ž ๐๐š๐ฒ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐“๐ก๐š๐ง๐ค๐ฌ๐ ๐ข๐ฏ๐ข๐ง๐  - talk about overwhelming! Did I fund this request?? ๐Ÿšจ Spoiler alert! - ๐—œ ๐—ฑ๐—ถ๐—ฑ, but hereโ€™s how I was able to accomplish this while under pressure. ๐Ÿ‘‰ Asking questions - to fully understand the scope of the borrowerโ€™s needs and where they are at in their real estate journey. ๐Ÿ‘‰ Communicating clearly, calmly, and consistently. - This was a high stress experience for the borrower. They needed to get funding TODAY and STAT or they would lose this awesome opportunity! Being frustrated or annoyed doesnโ€™t solve anything and being able to help calm the situation to better accomplish the goal is always a priority. ๐Ÿ‘‰ Having clear and simplified steps for the client to follow - I understood my process like the back of my hand and was able to communicate this simply to the borrower. We followed my proven process and we were able to fund this deal within a couple of hours!๐Ÿ™Œ The borrower was brand new to the real estate world. It was their first acquisition and they thought asking for money was as simple as sending me the wiring instructions.๐Ÿ˜… Funding this deal the same day as requested the day before Thanksgiving was INSANE but this really proved that 1.) knowing your processes, 2.) sticking to them, 3.) having the systems in place to following through on them, and 4.) having the peace of mind everything checked out to fund confidently and safely was possible!! ๐Ÿ™Œ
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From Mentally Overwhelmed to Breakthrough on a Same Day EMD request!
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Mandy Cartagena
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5points to level up
@mandycartagena
Transactional Funder. I fund Double Closes, Stack Methods (Seller Carry-back), and EMD. Let's connect & collaborate!

Active 1h ago
Joined Sep 4, 2024
Northern Virginia