Commercial Mortgage Broker / Private Lender / Developer VA

lisakt · January 28, 2014

Hi everyone,

I am in the process of starting up a new VA practice after 15 years in the corporate world as a commercial mortgage underwriter. My focus would be:

Excel spreadsheets, charts, and graphs
Creation of income proformas, financial modelling
Preparation of construction budgets, cash flows
Review and analysis of project economics
Market research
Preparation of loan presentations for lenders
Report and proposal generation

I would love to hear from anyone who has worked with brokers, real estate developers, or small private lenders. In my experience on the one hand I think there is good opportunity, but on the flip side it is an industry that is pretty old school. Looking for ways to break into it.

Thanks!

Tawnya Sutherland · February 25, 2014

Sorry I missed your post from awhile back. Personally I think it would be a great market to target. They have so many tasks a VA could take of. Not sure how to break into it other than networking both off and online.

Lily Chambers · February 25, 2014

A good VA friend is a REVA (Real Estate Virtual Assistant) and has a training program to help new REVAs get started. You probably don't need the program itself, but the basic "what we do as REVAs" might be of use to you. Her site is http://list2closeassistant.com/

dwryu72 · April 1, 2015

Hi Lisa,

That sounds like an interesting idea! How's it going?

I'm a real estate investor and I'm interested in working as virtual assistant for a commercial mortgage broker to learn more about the financing side of the industry.

Let me know if you have your business up and running and are looking for VAs to work with.

Thanks!