Handling Policy Changes From The Lender

On today’s show we are talking about the importance of conservative underwriting. 

Lenders are not business people. They are not real estate developers. They don’t know how to manage risk in a complete sense. 

Then the lender changed the rules. The impact to our projects was negligible. What did we do that insulated us from the impact? We were more conservative. But just saying more conservative doesn't provide much insight. What did we do specifically?

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