Who Has to Prove a Default Rate Is Unreasonable? | The Weekly Friedman
June 9, 2025
Business or Personal? (Loans & Foreclosure) |The Weekly Friedman
June 9, 2025
View Video Here:
Business purpose lending is exploding — but why? In this episode of The Weekly Friedman, Adam Friedman sits down with Steven Klemp, Chief Servicing Officer at Renovo Financial, to unpack the rapid growth of the business purpose lending (BPL) sector. From his personal fix-and-flip story to Renovo’s consultative approach to defaults, Stephen offers a boots-on-the-ground perspective that blends real estate grit with institutional strategy.
DISCLAIMER
This publication may constitute attorney advertising under the laws and rules of professional conduct of one or more states. The information provided in this publication is for general informational purposes only and does not constitute legal advice. The contents are not intended to be a substitute for professional legal advice, consultation, or representation. No attorney-client relationship is formed by reading or relying on this publication. Prior results do not guarantee a similar outcome. Readers should consult a qualified attorney for advice regarding their individual circumstances or any specific legal questions they may have.
If you have questions about this publication, please contact Adam Friedman, Ralph Vartolo or Michael DeRosa,
Friedman Vartolo LLP, 1325 Franklin Avenue, Suite 160, Garden City, NY 11530, Phone: (212) 471-5100 | Fax: (212) 471-5150.
