Today we’d like to introduce you to Paul Rahimian.
Paul is a 3rd generation real estate developer and general contractor, who successfully built projects in Southern California for over 21 years. In 2009, he started lending on construction projects as a direct Lender.
Currently, he manages a debt fund in Los Angeles that originates approximately $250MM in construction financing each year. Loans are made to developers in the Western United States ranging in loan size from $3MM up to $75MM.
We’re always bombarded by how great it is to pursue your passion, etc – but we’ve spoken with enough people to know that it’s not always easy. Overall, would you say things have been easy for you? The years of development were difficult as it took years to entitle and build a project before reaping any rewards. As a lender, there are other difficulties. We manage money and it is important to be able to predict cash output as well as the cash inflow. It is not always easy to keep a constant balance of funds coming and going into projects.
So let’s switch gears a bit and go into the Parkview Financial story. Tell us more about the business. Parkview provides construction financing as a direct private lender. The biggest distinction between Parkview and other lenders is that we lend on ground-up construction projects – and, we approve, manage and service all loans in-house.
This is rare as most other lenders use some kind of 3rd party vendors, which do not truly understand the specific project and the players as well as our in-house team. The construction team at Parkview has over 100 years of collective experience in construction and real estate development.
Has luck played a meaningful role in your life and business? Luck is always a factor in life. We work hard and are fully transparent with our borrowers and investors. But regardless of how hard we work and we plan our business model, we understand that without luck, we could never be the premier construction lender in the Western US.