Commercial Mortgage Broker / Private Lender / Developer VA

[lisakt 2]

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 1,884]

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 618]

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 2]

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!