One BAD Loan Can Wipe You Out! The Hidden Risk Behind Mezzanine Finance | Richard Nordgreen

Property People

Property People

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Richard Nordgreen ACA is the Managing Director of Lendhub, a specialist real estate lender. His career combines accountancy, residential asset management, development management and specialist lending, including more than 100 loan transactions and over £500m of development value delivered.

In this episode, Richard shares what really happens inside the property finance stack when deals don't go according to plan and the danger of high leverage development finance. Richard also explains how his experience of difficult deals changed the way he thinks about developers, lenders and the people behind a project.  

If you're a property investor, developer, landlord or property entrepreneur using debt to fund deals, this is a conversation worth watching all the way through.

This episode is sponsored by Lendhub. Lendhub is a specialist real estate lender providing fast, flexible funding across bridging, refurbishment and development finance, with a focus on making borrowing straightforward for property professionals.

Visit www.lendhub.co.uk

Instagram: lendhub
LinkedIn: lendhub
Facebook: lendhub

Timestamps:
09:10 Starting a Career During the 2008 Financial Crisis
21:00 Managing a £2bn Property Fund
29:15 Why Mezzanine Finance Can Wipe You Out
42:30 Personal Guarantees, Cost Overruns & Developer Risk
57:50 Why the People Behind the Property Matter
1:10:00 The Deals That Went Right, Went Wrong & What Richard Learned

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🗣️ Hosted by Saam Lowni 🗣️

‪@saamlowni‬ has a rounded view of the market gained from 20 years of experience. His knowledge spans residential and commercial property development, sales, lettings, management and finance. Saam launched Property People in 2018 as a way to connect with property investors and developers across the country and share valuable information and stories.

Saam has been a founding member of a Property Finance Provider, which grew its fund from £0 to £300m and is on course to fund 1000 homes across the UK. Following this, Saam launched Merryoaks Property Finance in 2021 as a way of applying his experience to provide bespoke property finance to property investors & developers.

🔗 Connect with Saam on LinkedIn: LinkedIn: saamlowni  
📲 Follow Saam on Instagram: Instagram: saamlowni

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