Fund Control | How Fund Disbursement and Risk Mitigation Safeguard Construction Projects

Marcus Carter is an entrepreneur and owner of La Mesa Fund Control, a company specializing in construction fund control, and GNT Financial, a private lending firm. With over 25 years of experience, Marcus is passionate about educating others on construction risk mitigation and leveraging technology for operational efficiency.La Mesa Fund Control and Escrow, Inc.GNT Financial Services Corp.Notes: (0:00) Welcome to the CashFlow Quest Podcast! (0:10) Blake introduces guest, Marcus Carter, Owner of La Mesa Fund Control (1:00) Starting in the lending business (3:00) Acquisition of La Mesa Fund Control(5:00) Why you need fund control in construction(8:30) “The goal is to, is to make sure that a contractor has never paid for work or materials that haven't been completed.”(12:00) Services offered by La Mesa Fund Control(19:00) Scaling La Mesa Fund Control(24:00) fund control can save consumers from contractor fraud(29:00) Benefits of using fund control - accountability (31:00) Minimum threshold in fund control(32:00) Simplifying fund control for consumers(37:00) How to standardize the fund control process (40:00) Marcus shares insights on private lending through GNT Financial(46:00) The benefits of real estate investments(55:00) The need for better financial ed. in schools(58:00) Closing thoughts--- Blake Comfort, Co-founder of ComfortCommunities and Comfort Capital in 2008, embarked on a journey to acquire manufactured home communities, laying the foundation for the investment and management company we have today. In 2009, Comfort Communities acquired its first manufactured home community, and since then, the company has continued to expand, purchasing and managing numerous manufactured housing communities. Blake oversees all capital market functions, acquisitions, and deal sourcing forComfortCommunities and Comfort Capital. When he’s not working, Blake cherishes spending quality time with his wife and two young children and occasionally takes to the skies, flying around San Diego.Jennifer Purcell, Co-founder of Comfort Communities and Comfort Capital, was raised in a real estate-loving household with her father being a general contractor and developer of over 4,000 units in San Diego County. Her mission is to change the perception of “Trailer Parks” and create exceptional living environments with top-notch service for residents. A San Diego State University graduate, Jennifer previously worked with R&V Management for their multi-family apartment portfolio at a leading global corporate housing company. Since 2009, she’s been instrumental in building Comfort Communities management team and fostering relationships with trusted investors and advisors, contributing to Comfort Capital’s success today. When she is not operating mobile home communities, she loves spending time outdoors, throwing the ball for her dog, and spending quality time with her husband and her two young children.