Building a Niche in Construction Lending
Guest, David Willoughby, Vice President and Director of Construction Lending at Stockton Mortgage discusses their successful foray into the niche market of construction-to-permanent (C2P) lending for manufactured housing. Willoughby explains the benefits of C2P loans for builders, borrowers, and lenders. The conversation explores the training and support for loan officers to ensure they are knowledgeable and confident in structuring and securing these specialized loans. Also covered is the importance of relationship-building with builders and dealers, particularly in the context of manufactured housing.