It’s spooky season — and while a little scare can be fun this time of year, there’s nothing fun about a deal that goes dark right before closing.
In private lending, communication is everything. When you’re working on a fast-moving investment property, your lender is your partner in getting that deal funded smoothly and on time. But when communication stops midstream, that’s when things can get scary.
Here’s why you should never ghost your lender:
1. It slows your closing.
If your lender asks for an updated scope, insurance binder, or settlement statement, it’s because those items are critical to getting your deal approved and scheduled to close. When those requests sit unanswered, the timeline stretches — and sometimes, that can be the difference between winning or losing a property.
2. It raises red flags.
Private lenders move quickly, but they also rely on complete, accurate information. If communication stops, it can signal that something changed with the deal — which can make a lender more cautious about moving forward.
3. It hurts future opportunities.
Real estate is all about relationships. The borrowers who communicate clearly and stay responsive are the ones who get priority funding, better terms, and faster draws. Lenders remember who’s reliable — and who goes radio silent.
At Low Tide Private Lending, we’re known for being fast, flexible, and easy to work with — but we can only move as quickly as you do. So this Halloween season, keep your lender in the loop and your deals alive. Don’t let your next closing turn into a horror story.