Correspondent Lending Questions
I am exploring the option of becoming a correspondent lender for one of a variety of companies that operate their table funding business with these correspondent lenders. I am currently a commercial lender with a few years of experience. What peaks my interest with this is that it appears to be a great way to access capital. In my personal rental property portfolio the biggest struggle I have is finding the capital I need. These correspondents seem to bridge the gap between private equity and institutional lending.
My ask to everyone here is this; has anyone done this? I am very curious to hear about some hands on experience with the process.
Thanks!