All Forum Posts by: Joe Steinheiser

Zurich has great builders risk policies. Used them all the time back in my processing days for a Hard Money lender. They were very responsive, decently priced, set the borrowers up well. The actual agent has a lot to do with that, but worth a go.

Zurich has great builders risk policies. Used them all the time back in my processing days for a Hard Money lender. They were very responsive, decently priced, set the borrowers up well. The actual agent has a lot to do with that, but worth a go.

Insurance is a mess, have you looked into Obie for Builders risk?

Joe, I have worked with a lot of greater Philadelphia area investors on flips and rentals, especially since I've lived in the area. My advice is, in your search for a solid and reputable lender, look for someone that will give you more than just funds as speed, clear terms, and flexibility on draws can make or break your profit.

When you’re vetting, I’d look for:
Local market familiarity (some areas can have its quirks)
Transparent fees and no surprise clauses
Consistent funding timelines, especially if you buy at auction or wholesale
Good communication during draws and rehab to keep projects moving

Curious as to what issues you had with Steadily as we use them on our properties but have not needed to file a claim . . .