The Role of Construction Loans in Today’s Housing Market

In this episode of The Construction Lending Podcast, we explore Waterstone Mortgage’s one-time close construction loan program with its Vice President of Construction, Nicole Wolfgram. We cover the program’s significant impact on the market, its importance to loan officers and the community, and the complexities involved in construction lending.

With the construction sector at the helm of housing demands and talent acquisition, we unpack the critical role of this innovative program. We also touch on the broader implications of construction lending in a potentially stabilizing economy and the untapped potential it holds amidst the ebb and flow of interest rates.

Our guest will discuss the complex scenarios she’s faced, including the ripple effects of market fluctuations, like those during COVID, and how to steer through a crisis when a builder backs out. Together, we explore the crucial metrics that gauge the health of construction loans and how these indicators can safeguard against pitfalls and ensure projects stay on track. We also discuss the long game—how creating successful outcomes for customers from the get-go can shield the lender’s reputation and sustain a healthy stream of referrals.