Constructive Conversations
Welcome to Constructive Conversations with co-hosts Zac Daniel of Victorian Finance and Luke Barksdale of Viz3Dspace. This podcast is designed to take the confusion out of new construction and give you the knowledge you need to confidently begin your homebuilding journey.
Each episode, we break down the process step by step including everything from financing and design to builder relationships, budgeting, and the real questions homeowners should be asking before they ever break ground. With perspectives from both the lending and design sides, we’ll equip you with practical insights, industry knowledge, and the confidence to make informed decisions.
Whether you’re buying your first home, building your dream home, or simply curious about how it all comes together, Constructive Conversations is your go-to guide for navigating the world of new construction.
Constructive Conversations
Bonus: Bean Boozled with Val Collier (PGD Homes)
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Jelly beans have never been so revealing! In this uniquely entertaining episode, we put our guests through the infamous Bean Boozled challenge while extracting valuable industry insights between grimaces and gags.
Introduction to Bean Boozled Challenge
Speaker 1Hey guys , we're back with a constructive conversations . We got Val and Zach here and we're gonna play Bean Boozled , so I'm gonna ask just some questions about y'all's companies and we'll spend this and like while you're answering , you get to pick one of these super fun jelly beans . So , val , we'll let you go first . Man , since you're the guest and you're getting here , let me spin that better . You're gonna get what you got here the black jelly beans . So go ahead and pick you one of those bad boys . And val , uh , why don't you tell us , uh , how long has pgd been around
Val Discusses PGD's History
Speaker 1?
Speaker 3Am I supposed to say this ? Yeah , go ahead , go ahead . Pgd has been around since 2020 . We have a main company , prime Group Developers , and so we've been around for , I guess , right at five years .
Speaker 2Okay . I can be honest with you , man . You took that like a champ .
Speaker 1You did . Was it licorice or burnt rubber ?
Speaker 3I don't even know what it is , but honestly it's not that bad . It's got to be the licorice thing .
Speaker 2It just took you like a champ .
Speaker 1All right , Zach , what's up ? Well , we've got to get a bigger spinner man . All right , you got either banana or wet dog man . So you got the brown spotted yellow jelly bean . Is it this one ? No , it's going to be that dude right there down at the bottom .
Zach Explains Victorian Financing Options
Speaker 1Yeah , there you go . So , zach , as you fish that thing out of there , tell us a little bit about victorian financing like what . What are like some unique prop uh loans and stuff you have for a new home , oh yeah that's a wet dog right there .
Speaker 2Um , so we have . We have construction department loans for new construction homes as little as 5% down payment . We can set those up for you . Got to spit it out if you can . I can't do that . As little as 5% down payment , one or VA , and even non-QM lungs as well , nice .
Speaker 1All right , Val , it's going to be your turn , man . Let's see Question . Y'all do some commercial projects , so maybe tell us a little bit about
Commercial Projects and Hotel Completion
Speaker 1those . And you got strawberry banana smoothie smoothie dude , or it's dead fish , it's .
Speaker 3It's one of the two this is not gonna be good for you I think it's the uh , it's like that the red spots , yeah but like not the translucent one .
Speaker 1So go ahead and talk to us about your commercial stuff but uh yeah , absolutely we do commercial construction as well .
Speaker 3From you know apartment complexes , I got a gas station that I'm finishing up right now . We do pretty much anything commercial-wise .
Speaker 1What's the apartment ? Y'all just finished .
Speaker 3We just finished our hotel . That's the one thing A hotel , yeah it's actually just right across the street from here . That's awesome , man . What's it called ?
Speaker 1Candlewood Suites Cool , everybody got to check out Candlewood Suites , zach . All right , we'll go ahead and get this out of the way . Oh , that was terrible , let's go again , all right . So you either get toasted marshmallow or stink bug . I feel like that's probably one of the least bad ones out of there , though . Yeah , that's easy , it's like the creamy color on the brown spots . Okay , All right . So , Zach , tell us , how
Loan Approval Process Breakdown
Speaker 1long does it take , man , from the time somebody engages you to getting approved for financing on a new construction ?
Speaker 2so if someone is approaching us for getting financing , you know all they gotta do is fill out an application .
Speaker 1I had no luck , man , no Now someone would apply with us for financing .
Speaker 2You know the typical pre-approval process take about the same day . You know I'll quote people 24 to 48 hours to get back to them but I try to get back to people the same day and then the underwriting process is typically about 30 days to close . And then you know they build the house and if we do a two-time close loan we'll set up and do a refinance towards the end of construction , pay off the construction awesome , awesome .
Speaker 1All right , val suit you get . Man . We got a couple more questions here . What you got , alright . So you either got oh , that's disgusting , it's either pomegranate or it's old bandage and it's the red one .
Speaker 2I hope I see two red ones . So like you got a 50-50 shot brother what's your question ?
Speaker 1alright , so tell us how many people are like superintendents with you guys .
Speaker 3I mean , like , how many do what you're doing ? Man , it's terrible . You got old bandage . That's disgusting .
Speaker 1That's so nasty .
Speaker 3That one's pretty rough right there , but we have two guys I make the third and basically they they handle the day-to-day operations . You know they're out in the field , they're , you know , looking at the projects and keeping it moving okay , cool man .
Speaker 1All right , zack , we'll see . Let's go ahead . Let's go do this . All right , you got no luck . Oh , this one can't be bad it's like nah , I'm spinning , yeah , pomegranate roll bandage . The other one was like toothpaste or blueberry , like how bad can a toothpaste jelly bean be ? I feel like it would be . Uh , giving you , giving your luck so far probably refreshing , yeah , um , take that one .
Speaker 1All right man . So what kind of what's the difference between , like ? If somebody comes to qualify with like a half million dollar loan versus like a million dollar one , what's they getting that balloon payment ? Sorry , somebody got an advantage . So the difference between like a conventional , like just normal loan versus like the balloon payment type stuff and jumbo loans that's what I'm looking for .
Speaker 2Jumbo , there you go , so um . I can't finish I can't no look god , this
Tiny Home Community Vision
Speaker 2um yeah , no .
Speaker 2So someone is willing to do . Do just a conforming conventional loan . You've got to look at the county loan limits . A little over $800,000 is conforming loan limit right now , so anything less than that . They can do minimum down payment 5% , unless they've never bought a home before . They can do as little as 3% down and once we start getting that jumbo territory you got put at least 15% down okay , awesome , we'll do one more question , just kind of wrap it up for you guys .
Speaker 1Let's see what's a good question for a valve builder over here . What kind of what kind of projects are you guys looking to get into and what's a good , good way ? People can like be contacting you and getting the process started and you will get either toasted , marshmallow , stink , bug and it's that nasty brown looking one yep .
Speaker 3Something that we're interested in getting into is a . If anybody's interested in a tiny home community , that's something that I'd be interested in . Cool , and basically , let's downsize but upgrade . Let's make it as nice as possible possible . This is for the single people out there , the older people . They don't need 2,000 square foot homes , but they want to feel the love of a HOA and , you know , a really nice community . So hopefully soon we can bring a tiny home community here that would be awesome .
Speaker 1So like super high end but small footprint , absolutely very .
Speaker 3Very modern design , a lot of architectural , a lot of things that you're good at designing .
Speaker 1Sweet man . All right , Zach . So let's see what's a good question , man . How about I ask you a question ? Oh gosh , let's see this All right .
Speaker 2All right , I'll do one , all right , all right . So we've done that one plenty of times . Let's go something there . What ?
Speaker 1is that .
Speaker 2All right , strawberry banana smoothie or a dead fish that's going to be the yellow with red spots .
Speaker 1All right , there's like two of them in here , so it's like two of them in here .
Speaker 2So yeah , it's like . So uh luke , tell us a little bit about this 3d space . What , what does that uh company overall look like for you , holy crap all right , I know I just did one , but like for sure , dead fish is like the worst one good , not all right .
Viz 3D Space Design Services
Speaker 1Um , yeah , so viz 3d space . What do we do ? We do like custom home designs . That is foul man , all right . Yeah , we do custom home designs 3D . We walk you all the way through them . It's a way to kind of build this team we've been talking about Bringing that . Visualization allows homeowners and the builder to get on the same page early on no questions , no ambiguity , and we're able to kind of like , do that on the fly with people . That is horrible .
Speaker 1That's horrible oh man , I got lucky , lucky , none of mine were really bad yeah , no , that was absolutely terrible . Uh , it's been fun with you guys , um good talking with zach and val , and uh look forward to uh talking to y'all again . Thanks , thank you . Holy crap that is .
