Developing Strong Relationships    Download PDF
Challenge
When an Idaho development partnership found the ideal location for their next building project, they turned to their bank of 10 years for the loan. The bank turned them away on this one, but referred them to Private Lenders Group (PLG).

“These developers had multiple projects going on but needed to begin the lengthy process of getting raw land prepared to develop — despite the fact that their bank thought they had too much going on,” said Jeff Pyatt, PLG President.

Result
PLG made the loan to the Idaho development partnership and helped them with their next success. “We were pleased to work with the high-quality partnership to get them started and get the deals set up right in this strong market,” Pyatt said.

Over the course of the two-year project, a number of problems arose after the land was purchased and was being prepared and developed. “We had zoning issues and wanted to make sure environmental sensitivity was addressed,” Pyatt said. PLG helped anticipate many issues ahead of time and worked with the developers to resolve them and keep the project on-track.

The Idaho developers couldn’t be happier with the results. They appreciated PLG’s one-on-one approach and forward-thinking on several critical issues. The housing project is now complete — and it sold-out immediately.