SRP Lending Bridges the Credit Gap as Banks Tighten Lending to Home Builders

Staff Report

Tuesday, August 1st, 2023

SRP Lending, a prominent private money lender, is stepping up to offer alternative lending options to home builders and contractors facing tightened credit due to ongoing bank tightening and bank failures.

The National Association of Home Builders (NAHB) reports that nearly 60% of builders have faced difficulties obtaining loans for speculative construction due to bank failures this year. A significant portion of the industry has reported increased difficulties in securing loans for land development and acquisition, and these obstacles are even more pronounced for multifamily development loans.

"The effect of bank failures on the availability of loans for builders and contractors is a significant concern," said Geoffrey Deckelbaum, Principal at SRP Lending. "We recognize the challenges and are committed to providing reliable, efficient and accessible lending solutions to help fuel the growth of the housing market."

Despite these financial setbacks, the housing industry remains resilient. The NAHB/Wells Fargo Housing Market Index reported a sixth consecutive monthly gain in June, while total housing starts surged by 21.7 percent in May to a seasonally adjusted annual rate of 1.63 million—the highest in over a year.

SRP Lending offers a distinctive alternative to traditional bank financing, with a streamlined, flexible process designed to meet the unique needs of residential property investors and builders. The advantages of partnering with SRP Lending include faster processing times, flexible loan terms, fewer stipulations and greater control over the lending process.

"Traditional banks can take months to process real estate loans. We can close private money loans in about a week," Deckelbaum explained. "Our approach is client centric. We strive to provide flexible loans tailored to each client's circumstances, bypassing strict banking policies that often slow down or complicate the process."

To qualify for SRP Lending's private money residential loans, borrowers need sufficient equity, enough cash flow for monthly payments and a sound exit strategy.

With SRP Lending's innovative approach to lending, builders and contractors can continue to make strides in the housing market despite the ongoing challenges with bank financing.

For more information about SRP Lending's services, please visit