{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Private Lending Insights","title":"Private Lending in New York City with We Lend","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/fc4e6b7f\"></iframe>","width":"100%","height":180,"duration":3212,"description":"Solomon Suleymanov, Partner and Director of Originations at We Lend LLC, spoke with Rocky Butani to talk about private/hard money lending in the New York City metro area. Visit We Lend’s profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/we-lend-llc/?utm_source=lender-link-podcastThis interview is Episode #15 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/00:00 Intro 01:06 NYC Market Overview 02:12 Rehab and Conversion Trends 03:55 Deal Example 05:52 Why Convert Townhouses 06:57 Manhattan vs Brooklyn 08:26 Brooklyn Price Insights 09:43 Long Island Projects 10:56 Tariffs and Inflation 12:03 Investor Activity 12:40 Loan Types 14:11 Ground Up Construction 15:45 Shovel Ready vs Raw Land 17:02 Foreclosure Bailouts 19:45 Bailout Case Study 22:40 DSCR in NYC 25:59 Multifamily Lending 27:32 Interest Rates 29:19 Rehab Loan Terms 30:41 About We Lend 33:56 Founder Background 35:36 Capital Structure 38:50 Loan Servicing 41:28 Squatter Challenges 44:54 Payment Deferrals 46:00 NYC vs Long Island 47:40 Westchester and NJ 50:15 Southern NJ Markets 52:44 NJ Foreclosures 54:02 Final Thoughts 55:33 Outro ","thumbnail_url":"https://img.transistorcdn.com/xr0UiXHNefdYVN_pu04i05Y0vju7Zbs-uZfDeHQDW14/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83ZjVk/YjFlNDU1YzQzZjQz/NDVjZGRlODQ1Yzk5/MWUxZS5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}