Yoo added that they recognized a gap in the market and chose to navigate a different path from the conventional FHA and VA loan routes that their competitors were pursuing.
“We made a conscious decision to service the clientele base that we knew would come into play, especially now,” Yoo elaborated. “Many investors are now entering the market, and there is a growing demand for DSCR loans and similar products. We have been specializing in these offerings for the past two and a half years since the inception of Convoy.”
One of the primary reasons Rosenberg and Yoo were able to surpass others was their commitment to offering a diverse range of solutions. They don’t adhere to a one-size-fits-all approach and attempt to fit clients into pre-existing solutions. Their extensive product portfolio, combined with the wide array of lenders and loan programs at their disposal, enables them to customize loan programs to meet the unique needs of their clients.
“We take a strategic and meticulous approach to ensure successful outcomes,” Rosenberg explained. “We don’t simply throw things against the wall and hope they stick. Instead, we strategically create deals, leveraging our extensive knowledge and experience to navigate the intricacies of non-owner-occupied financing.
“By tailoring the loan program to the client’s requirements and aligning it with the specific property or deal at hand, we can transform a project that might barely break even into one that generates a 20% cash flow.”
Source: mpamag.com