Fairview Lending, and the objectives of this post
My name is Glen Weinberg. I am one of the founders of Fairview Commercial Lending. I graduated from IU with a triple major in finance, operations management, and finance information systems. I have worked for 3 fortune 100 companies in various roles from operations finance, mergers and acquisitions, and finance information systems. I also assisted in the CH11 reorganization of a small high tech company. I have been published in The Scotsman’s Guide, The Mortgage Press, The Niche Report, and the Colorado Real Estate Journal. I have also trained brokers in hard money lending at the Mortgage brokers forum in Las Vegas, and will be speaking in Orlando 3/25 on hard money lending at and NAMB training session for mortgage brokers on hard money lending. I have been investing in real estate since the early 90s as well as extending private notes on real estate.
For many years various partners and I were extending private loans to individuals throughout the southeast secured by commercial real estate. A need was recognized that there was a void in private lending nationwide. There were folks with stated/light doc programs (Interbay, SilverHill, Lehman Brothers, Metwest, etc…) and then there were very expensive hard money commercial lenders. The stated programs had minimum credit scores in the mid/high 600s. The expensive hard money lenders had large upfront fees (many times >10k) and commonly practiced the art of bait and switch to collect these large upfront fees.