Ep.135 | The Riskiest Loan in Private Lending

 Construction loans can be incredibly rewarding, but when they go sideways, they can turn your lending business into a project management nightmare. In this episode, Neal and Ryan break down why incomplete construction loans are the riskiest deals in private lending, sharing a real story from their own portfolio where two simultaneous builds went off the rails. They cover the critical decision every lender faces in default: sell as-is or complete the build, the red flags to watch for, and the internal tools and processes that have saved them from bigger losses.Show Notes0:07 - Cold open & intro5:15 - Amazon building a 1M sq ft warehouse in Halifax8:50 - What's the riskiest loan in private lending?10:02 - Real story: Keystone's two construction loans that went wrong13:37 - How secondary security saved them16:30 - Sell as-is vs. complete the build17:56 - Decision framework by completion percentage24:13 - Red flag: when your borrower goes silent26:02 - Ryan's biggest blow-up: fire + lapsed insurance on a 12-unit build28:33 - Active management & draw tracking37:10 - Key takeaways & best risk mitigation toolsResources:Keystone Capital GroupCPLP Instagram: @cplpodcastKeystone Instagram: @keycapgroupFind Neal On:Instagram: @neal.andreinoLinkedIn: Neal AndreinoFind Ryan on:LinkedIn: Ryan MacNeilE-mail: [email protected]