The four questions serious lenders are asking right now

[JS Burnett]

Every lender worth working with is asking the same things before they fund.
Line item construction cost broken down by trade. Not a GC summary. The actual scope with actual numbers behind every line.
Monthly holding cost calculated honestly including a realistic buffer for overruns. Because the timeline always moves.
A real insurance quote on the actual property. Houston is seeing premiums on older wood frame multifamily that are destroying NOI on deals that looked fine before the quote came back. Get the number before you make the offer.
Primary and secondary exit strategy with current market comps supporting both. One exit is one point of failure. Experienced lenders know that and will ask what happens if the primary plan does not work.
Investors who can answer all four cold get funded. Investors who hesitate on any of them are telling the lender something about how they run their deals.

Which one trips your borrowers up the most?

[Mike Grudzien]

Nice breakdown. I want to see the replies!