Ep.17 | (Risk Management 101) Tackling Delinquencies and Missed Payments in Private Lending

Managing delinquencies and missed payments in private lending involves a strategic approach aimed at minimizing financial losses and maintaining healthy borrower-lender relationships. It requires clear communication channels to address issues promptly, offering flexibility through renegotiating payment plans or restructuring loans when feasible.  Utilizing robust tracking systems to monitor payment statuses and implementing proactive measures such as early intervention and risk assessment are crucial. In this episode, hosts Ryan and Neal will provide a masterclass on how to avoid these issues with proper risk mitigation strategies. Show notes:0:50 - Intro2:35 - Delinquencies and missed payments 5:20 - There's a zero percent chance that rates get raised this year 9:59 - Immediately follow up with your client to avoid missed payments 13:52 - Put a lot time and effort in confirming your client's character and their ability to repay19:54 - Have enough room to the loan to value perspective23:40 - OutroResources:Keystone Capital GroupFind Neal On:Instagram - @RemaxnealLinkedInFind Ryan On:LinkedInEmail Address - [email protected]