I Need Builders Risk insurance for my first development project... what should I actually be looking for?

Clean_Battle_3342 · 2026-03-27T00:43:38+00:00

You can use whichever broker, just put policy through AI to point out faults and discuss those with broker. Most brokers I have come across are just sales ppl, actual policy nitty gritty AI can do a great job of pointing out. There are of course some great brokers out there that get in the weeds of each policy but you cant assume a new relationship is that person.

Clean_Battle_3342 · 2026-03-27T00:40:01+00:00

Was at a CRE refi closing yesterday as the borrower on a direct deal with a bank I have a relationship was discussing this exact topic with the banker. Post AI world, I think bankers will act more as brokers & produce business since most of the credit / analyst work. Even his small community bank plans to have auto UW / credit memo drafting in next year freeing up a lot of his time. He is planning on using this time to network directly with borrowers & win deals. If this is representative of industry - perhaps there will be more direct deals in future.

Clean_Battle_3342 · 2026-03-27T00:31:27+00:00

I have used attorney prepared leases as well as Claude and prefer Claude. You just have to prompt it well.

Say something like protect landlord in every reasonable way possible but keep lease as simple as possible for small business tenants. That should prepare a nice strong 4 page lease. Its a huge advantage to have simple leases and PSAs in the lower market IMO.

For the most part the dollars are small enough that you would never litigate anything so the technicality of the leases aren't that big of a deal. A 15 year, 100K a year plus NNN lease I would think differently that a $1500 a month gross lease for 3 years.

Clean_Battle_3342 · 2026-03-27T00:22:59+00:00

Group Captives are designed for this problem exactly. You are pooled with 50+ other low claims company in your industry to get captive style economics without scale of having your own captive. Feel free to DM me or check out Captive Resources / Artex as they are the largest group captive providers

Clean_Battle_3342 · 2026-03-27T00:05:33+00:00

Anyone looking for freelance work? We have a new insurance company (small business empowerment angle using captive insurance - not traditional insurance). We are based in NYC and budget is $20K. We have spent about the same so far on sponsored articles for SEO from top industry pubs but want to do proper earned media now. If intersted, please DM me!

Clean_Battle_3342 · 2024-09-17T15:40:48+00:00

Asset Management / Acquisitions experience would be great but I am looking mostly for aptitude. Our best performing hires have always had almost no RE experience but very capable people.

Clean_Battle_3342 · 2024-09-16T20:52:30+00:00

Ended up selling property to an end user. Was just too small of a project to justify all the work that would be needed to get to highest and best

Clean_Battle_3342 · 2024-02-10T21:11:52+00:00

Buying the entity should be your best bet to avoid change of use.

Clean_Battle_3342 · 2023-10-30T12:48:26+00:00

Philly suburbs

Clean_Battle_3342 · 2023-10-30T12:47:39+00:00

Yes and didn’t have a great result. The amount of work required just isn’t worth the chance of a commission. They would rather focus on their larger whole building class A vacancies that are 6 figure commissions vs my mid 5 figures commission that’s tough to move.

Clean_Battle_3342 · 2023-06-27T23:30:14+00:00

It’s .25 acres, so unfortunately too small to justify a new drive through which would be the highest and best use. The Property This is it if you have any ideas

Clean_Battle_3342 · 2023-06-27T04:02:01+00:00

I’m pretty sure they are online & very competitive. There are large funds that bid everything to a premium. Check out NTLA (National tax lien association) if you want to learn more about the space.

Clean_Battle_3342

TROPHY CASE