Hard money lending resources

[Eeshita Pande]

My friend does hard money lending and is expanding from DC to California. I will be helping him with that this summer.

Grateful for any tips on how I can get up to speed. Some things I am looking to learn before I start:
- How lenders assess complex hard money deals (e.g. teardowns, infills etc.)
- Why do these deals fail to complete so often: one of my broker friends doesn't do hard money anymore because they don't close as often as he likes
- Any reading material, resources appreciated as well. 

Thanks in advance.

[Chris Seveney]

If you're doing lending in California, you will need a license. I know people who have waited over a year to get the proper license, and the state typically does not screw around. It's not something you would want to get caught without.