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Working Around Real Estate Issues #shorts

4 Jul 2024 · 1 min

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0:35

In a brief dialogue, Speaker A explains how they consistently supplied property financials while attributing delays to the borrower’s difficulties, leveraging the borrower’s past financial troubles to gain credibility. Speaker B probes the role they played, and Speaker A clarifies that they acted as the trustee of a newly formed trust that closely resembled the borrower’s prior entity, a tactic designed to avoid lender attention. The exchange highlights a strategy of using a trust structure and borrower blame to navigate real‑estate financing challenges.

We always provided the property financials, but always blamed the borrower and just said, hey, you know what, he's being difficult, his financials are behind. And they believed it because he had financial troubles in the past.
So we're like a, like a property manager when you were telling them that, like, here's the property info, but, but, but this guy over here. So you were acting as what there?
Just I was the trustee of the trust, essentially. And I, and So yeah, we formed a trust that sounded very close to his previous entity. So it really didn't catch their attention.