LOS ANGELES—Cranes are in the air in just about every major city across the country, and the heavy development activity is creating a competitive market for construction loans. At the recent RealShare Apartments conference, we sat down with Paul Rahimian, CEO and founder of Park View Financial, a specialist in construction lending, to chat about the competitive environment for construction loans and how he is landing deals.
In this exclusive interview, Rahimian shares his firm's investment criteria, noting that the asset, not the borrower, is how they determine a “good deal,” the demand for construction loans and how the new HVCRE regulations for banks are boosting his business.
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