Steven Ostad is the Founding Principal and CEO of Real Quick Capital. For more than 15 years, he has dedicated his career to real estate development, acquisitions, financial lending, and property management throughout New York City and the Hamptons. With his latest venture, Real Quick Capital, Ostad is bringing a fresh approach to the traditional real estate lending industry by delivering family office flexibility with institutional lending capabilities. Through his commitment to this role and new operation, he aims to help everyday investors by leveraging his extensive national real estate relationships and capital markets expertise, along with proprietary technology that delivers real-time term sheets to investors within minutes of being on the company’s website.
Repayments can be situational and right now can be very unique. The variable rates float with the market as it changes and it experiences highs and lows. Like all loans, it’s best to pay them down as quickly as possible if you have the opportunity to, but with HELOCs it’s ever more pertinent given the collateral on the line.22 January 2023