Getting a Loan from an Alternative Lender with Joshua Bilodeau

The Very Real Estate Effect Investing in Quebec

In this episode, Axel features Joshua Bilodeau, Director of Real Estate Finance at Harbour Mortgage, shedding light on the intricacies of short-term bridge commercial financing in Canada.

Bilodeau's journey involves years of industry experience and a transition to Harbour due to its unique approach to filling lending gaps between traditional institutions and private bankers.

Joshua's insights delve into Harbour's customized loan strategies, aiming for a 75% loan-to-cost ratio on project exits. His narrative emphasizes the importance of strategic planning, borrower expertise, and adapting to market dynamics in real estate financing.

Tune in to gain Bilodeau's comprehensive insights on navigating financing challenges, leveraging opportunities, and the tailored approach of Harbour Mortgage in the real estate landscape.

What you will learn if you listen to the episode:

• Joshua Bilodeau's extensive experience in real estate finance and his transition to Harbour Mortgage.

• Insights into Harbour Mortgage's specialized role in short-term bridge commercial financing across Canada.

• Understanding the process of loan origination and customization tailored to meet unique borrower requirements.

• Market insights regarding reduced transactions, opportunities for well-capitalized ventures, and the impact of changing rates.

• Details on loan rates offered by Harbour Mortgage

• The significance of ensuring clients' ability to exit on conventional loans.

• Harbour's project approval criteria, challenges faced in real estate financing, and advocating for a calculated approach.

• Emphasis on the importance of having a clear plan when seeking financing and its role in providing visibility into Harbour Mortgages.

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Timestamps

🚀 Welcome Joshua and background (01:20)

🏢 Company overview: Harbour Mortgage (8:26)

🔍 Loan origination process and market positioning (10:13)

💵 Capital sources and a/b structure (13:36)

📈 Market trends and project focus (16:02)

💰 Loan rates and exit strategies (17:40)

🔑 Project approval criteria and strategies (22:56)

Connect with Axel Monsaingeon:

Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/

Real Estate Effect Web - https://www.realestateeffect.ca/

Facebook - https://www.facebook.com/realestateeffect/

Instagram - https://www.instagram.com/veryrealestateeffect/

Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw

Connect with Joshua Bilodeau:

Linkedin - https://ca.linkedin.com/in/joshua-bilodeau-738075121

Harbour Mortgage Corp. - https://www.harbourmortgage.ca/