John Dolan

John Dolan's contact Info provided at the end of the podcast. Back in July, Redfin paid $610,000 for a two-bedroom single family home in Las Vegas and a few weeks later put it back on the market for $674,900.  However, Las Vegas quickly went into a home price correction and the property currently remains unsold with a list price of $499,900, 18% below the acquisition price. As a result of the nationwide decline in values, Redfin recently announced its shutting down its algorithm-run iBuyer business.  As the market changes direction, how can real estate related investors protect or hedge the downside of their portfolio? Joining the podcast to discuss hedging real estate is John Dolan with HomePriceFutures.com.

John Dolan's contact Info provided at the end of the podcast. Back in July, Redfin paid $610,000 for a two-bedroom single family home in Las Vegas and a few weeks later put it back on the market for $674,900.  However, Las Vegas quickly went into a home price correction and the property currently remains unsold with a list price of $499,900, 18% below the acquisition price. As a result of the nationwide decline in values, Redfin recently announced its shutting down its algorithm-run iBuyer business.  As the market changes direction, how can real estate related investors protect or hedge the downside of their portfolio? Joining the podcast to discuss hedging real estate is John Dolan with <a href="http://HomePriceFutures.com" rel="nofollow" target="_blank">HomePriceFutures.com</a>.

How To Hedge Real Estate Value Decline, John Dolan HomePriceFutures.com

The housing slump is the economy’s biggest casualty so far from a series of Federal Reserve rate hikes designed to tame inflation. Lobbyists are scrambling to get help from Washington as housing the market demand tanks in response to rising interest rates and falling home prices. What do investors think?  Futures contracts on the Case Shiller Home Price 20 city Index which trades on the Chicago Mercantile Exchange are trading almost 20 points down from the peak of 327 a couple of months ago to 268 for January 2024 contracts.  This is slightly lower than what the index was pre-covid. Joining the podcast to discuss home values is Daren Blomquist, Vice President of Market Economics at Auction.com

The housing slump is the economy’s biggest casualty so far from a series of Federal Reserve rate hikes designed to tame inflation. Lobbyists are scrambling to get help from Washington as housing the market demand tanks in response to rising interest rates and falling home prices. What do investors think?  Futures contracts on the Case Shiller Home Price 20 city Index which trades on the Chicago Mercantile Exchange are trading almost 20 points down from the peak of 327 a couple of months ago to 268 for January 2024 contracts.  This is slightly lower than what the index was pre-covid. Joining the podcast to discuss home values is Daren Blomquist, Vice President of Market Economics at <a href="http://Auction.com" rel="nofollow" target="_blank">Auction.com</a>

Home Price Decline, Daren Bloomquist, VP Market Economics at Auction.com

Recently a nonprofit came under fire via an article published by a local NPR office in the California bay area, KQED.  Southside Community Development and Housing Corporation (SCDHC), a 501(c)(3) with operates its asset management business out of Encinitas CA to use the tools granted by SB 1079 to promote its mission of homeownership. This podcast will provide context and clarity to the outcomes in which the article tried to paint in a poor light for political purposes.

Recently a nonprofit came under fire via an article published by a local NPR office in the California bay area, KQED.  Southside Community Development and Housing Corporation (SCDHC), a 501(c)(3) with operates its asset management business out of Encinitas CA to use the tools granted by SB 1079 to promote its mission of homeownership. This podcast will provide context and clarity to the outcomes in which the article tried to paint in a poor light for political purposes.

CMT Provides Context & Clarity to KQED SB 1079 Criticism

As the nation struggles to get back to some type normalcy, the reality is that we will see further shutdowns as we head into the winter months.   It’s impossible to forecast the full economic and financial impact of the pandemic, but we do know that many people are unlikely to return to normal work and economic consumption patterns anytime soon.  It’s also anticipated that  household and business defaults will likely increase and negatively affect the financial sector.   Joining the podcast to explain the federal government’s response and potential future intervention is Angela Vossmeyer, Assistant Professor of Economics at Claremont McKenna College and a Faculty Research Fellow at the National Bureau of Economic Research.  Dr. Vossmeyer’s research interests include econometrics, simulation-based inference, financial economics, financial crises, and economic history.

As the nation struggles to get back to some type normalcy, the reality is that we will see further shutdowns as we head into the winter months.   It’s impossible to forecast the full economic and financial impact of the pandemic, but we do know that many people are unlikely to <a href="https://voxeu.org/article/coronavirus-pandemic-and-us-consumption" rel="noopener nofollow" target="_blank">return</a> to normal work and economic consumption patterns anytime soon.  It’s also anticipated that  household and business defaults will likely <a href="https://www.wsj.com/articles/pandemic-puts-pressure-on-private-debt-as-default-rates-rise-11595963573" rel="noopener nofollow" target="_blank">increase</a> and negatively affect the financial sector.   Joining the podcast to explain the federal government’s response and potential future intervention is Angela Vossmeyer, Assistant Professor of Economics at Claremont McKenna College and a Faculty Research Fellow at the National Bureau of Economic Research.  Dr. Vossmeyer’s research interests include econometrics, simulation-based inference, financial economics, financial crises, and economic history.

Gov. Financial Intervention in Response to Covid – Vossmeyer, Claremont McKenna

In the past few months millions of people have lost their jobs and we have seen the most rapid spike in unemployment in history.  This is not your typical unemployment event and the way the government reports the unemployment rate may not have caught up with the new economy. Welcome to Capital Markets Today.  I am producing a series of podcasts that demonstrate to investors why distressed debt, specifically, distressed real estate or (REO) and mortgage loans (NPL) may be a good investment to include in your investment portfolio.  Today I will focus on the unemployment rate that is being publish compared to the amount of people who are actually not working.

In the past few months millions of people have lost their jobs and we have seen the most rapid spike in unemployment in history.  This is not your typical unemployment event and the way the government reports the unemployment rate may not have caught up with the new economy. Welcome to Capital Markets Today.  I am producing a series of podcasts that demonstrate to investors why distressed debt, specifically, distressed real estate or (REO) and mortgage loans (NPL) may be a good investment to include in your investment portfolio.  Today I will focus on the unemployment rate that is being publish compared to the amount of people who are actually not working.

The Normalization of Distressed Debt Part 2 - The Unemployment Rate - Mini Pod

Welcome to Capital Markets Today.  I will be producing a series of podcasts that help explain to potential investors why distressed debt, specifically, distressed real estate or (REO) and mortgage loans (NPL) may be a good investment to include in your investment portfolio.  There are many issues brewing that could trigger increased REO and NPL opportunities besides the obvious Covid related problems being discussed in the news daily.  Today I will focus on one issue that could cause problems for decades to come. Currently, most of us are focused on the immediate impact of the Covid crisis, the shut down, unemployment, interest rates and government stimulus.  All these issues have caused the immediate scenario that we are operating in today, but what is the long-term impact?  And does this long-term impact create a long-term opportunity for NPL and REO buyers? As most of the news talks about enforcing mandatory lockdowns and handing out money to citizens, there has been a problem that has been rapidly expanding in the background.  In fact, this problem might create a crisis that will not just be felt in the next week, the next month, or even the next year, but it might be felt for several decades to come. 

Welcome to Capital Markets Today.  I will be producing a series of podcasts that help explain to potential investors why distressed debt, specifically, distressed real estate or (REO) and mortgage loans (NPL) may be a good investment to include in your investment portfolio.  There are many issues brewing that could trigger increased REO and NPL opportunities besides the obvious Covid related problems being discussed in the news daily.  Today I will focus on one issue that could cause problems for decades to come. Currently, most of us are focused on the immediate impact of the Covid crisis, the shut down, unemployment, interest rates and government stimulus.  All these issues have caused the immediate scenario that we are operating in today, but what is the long-term impact?  And does this long-term impact create a long-term opportunity for NPL and REO buyers? As most of the news talks about enforcing mandatory lockdowns and handing out money to citizens, there has been a problem that has been rapidly expanding in the background.  In fact, this problem might create a crisis that will not just be felt in the next week, the next month, or even the next year, but it might be felt for several decades to come.

Why Distressed Debt - Crisis May Be Looming Part 1 - Mini Podcast

Reg D

The latest long-term mortgage default projections from many analyst is now hovering around 7%.   This number will be bifurcated by loan product with FHA loans seeing the bulk of the defaults.  However, this number is pure projection and the long term number will depend on  Expiration of the supplemental unemployment benefits due to occur at the end of July A further increase in the unemployment rates and continuing jobless claims. And Potential decline in home values  Joining the podcast today to discuss the NPL market and its outlook is myself.  I was recently invited on an IMN podcast where I discuss the market and the launching of our shinning new Reg D distressed asset fund.  We are putting on the final touches on the fund and it should be ready to launch within the month.  I am CEO and Founder of PEMCO Capital Management and our firm has been providing platform for institutional investor to gain exposure in niche sectors within the distressed residential mortgage and real estate markets.  With our Reg D, we are now providing our institutional platform to accredited retail investors as well.

The latest long-term mortgage default projections from many analyst is now hovering around 7%.   This number will be bifurcated by loan product with FHA loans seeing the bulk of the defaults.  However, this number is pure projection and the long term number will depend on <ul> <li>Expiration of the supplemental unemployment benefits due to occur at the end of July</li> <li>A further increase in the unemployment rates and continuing jobless claims.</li> <li>And Potential decline in home values</li> </ul> Joining the podcast today to discuss the NPL market and its outlook is myself.  I was recently invited on an IMN podcast where I discuss the market and the launching of our shinning new Reg D distressed asset fund.  We are putting on the final touches on the fund and it should be ready to launch within the month.  I am CEO and Founder of PEMCO Capital Management and our firm has been providing platform for institutional investor to gain exposure in niche sectors within the distressed residential mortgage and real estate markets.  With our Reg D, we are now providing our institutional platform to accredited retail investors as well.

PEMCO Capital Launching Distressed Reg D Fund

Cody Faller

In April, the unemployment rate increased from 4.4% to 14.7%, the largest one month increase in history.  It is likely that the unemployment rate hits 20% in May and some forecast a 25% unemployment matching that of the Great Depression rate. However, the more concerning percentage is the estimate by many economists that 40% of the jobs lost will be permanent.  No matter how the numbers turn out, there will be a significant impact to mortgage defaults, especially on modified and FHA mortgage loans.  Joining the podcast today to discuss the outlook for real estate note investing is Cody Faller, Founder and Chief Investment Officer of Faller Financial.  Faller financial works with investors across the country from large banks and hedge funds to individual note buyers.

In April, the unemployment rate increased from 4.4% to 14.7%, the largest one month increase in history.  It is likely that the unemployment rate hits 20% in May and some forecast a 25% unemployment matching that of the Great Depression rate. However, the more concerning percentage is the estimate by many economists that 40% of the jobs lost will be permanent.  No matter how the numbers turn out, there will be a significant impact to mortgage defaults, especially on modified and FHA mortgage loans.  Joining the podcast today to discuss the outlook for real estate note investing is Cody Faller, Founder and Chief Investment Officer of Faller Financial.  Faller financial works with investors across the country from large banks and hedge funds to individual note buyers.

C-19, Real Estate Note Investing Post Covid-19, Cody Faller, Faller Financial

The COVID-19 crisis, like the subprime mortgage crisis a decade ago, has sparked major public interventions to stabilize the financial markets. But the Fed isn’t stepping in to bail out the real estate sector — and the big losers are set to be ordinary households. This is the intro to an article title “Another Real Estate Crash Is Coming” written by Shehryar Qazi, a doctoral student and researcher in political economy at the University of London We are fortunate to have Shehryar on the podcast today to discuss the article and obtain his thoughts on how the real estate market will play out over the next 18-24 months.  Shehryar is a PhD Candidate in the department of economics at the University of London and is the coordinator for the universities “Political Economy of the COVID-19 Crisis” project.

The COVID-19 crisis, like the subprime mortgage crisis a decade ago, has sparked major public interventions to stabilize the financial markets. But the Fed isn’t stepping in to bail out the real estate sector — and the big losers are set to be ordinary households. This is the intro to an article title “Another Real Estate Crash Is Coming” written by Shehryar Qazi, a doctoral student and researcher in political economy at the University of London We are fortunate to have Shehryar on the podcast today to discuss the article and obtain his thoughts on how the real estate market will play out over the next 18-24 months.  Shehryar is a PhD Candidate in the department of economics at the University of London and is the coordinator for the universities “Political Economy of the COVID-19 Crisis” project.

C-19, "Another Real Estate Crash Is Coming", Qazi, PhD Candidate Unv. of London

For distressed debt buyers, it could be the calm before the storm.  Some deals are floating about with investors pricing them as a sort of reconnaissance exercise to determine the bid/ask levels. The first wave to hit was leveraged lenders, but most expect a sharp increase in deal flow by the 3rd or 4th quarter once participants on both the buy and sell side have more transparency on how the Covid-19 issue will play out. Joining the podcast to discuss the approaching NPL opportunity is David LeBlanc, Managing Director at DebtX.  David covers banks, investment banks, opportunity funds, hedge funds and other institutional investors active in the secondary market. David previously ran DebtX's trading desk for 10 years, including during the great financial crisis. He has traded over $30B in distressed and performing commercial and residential real estate and corporate debt in the secondary market. 

For distressed debt buyers, it could be the calm before the storm.  Some deals are floating about with investors pricing them as a sort of reconnaissance exercise to determine the bid/ask levels. The first wave to hit was leveraged lenders, but most expect a sharp increase in deal flow by the 3rd or 4th quarter once participants on both the buy and sell side have more transparency on how the Covid-19 issue will play out. Joining the podcast to discuss the approaching NPL opportunity is David LeBlanc, Managing Director at DebtX.  David covers banks, investment banks, opportunity funds, hedge funds and other institutional investors active in the secondary market. David previously ran DebtX's trading desk for 10 years, including during the great financial crisis. He has traded over $30B in distressed and performing commercial and residential real estate and corporate debt in the secondary market.

C-19, Secondary Mkt Loan Sales: Opportunity or Business as Usual, LeBlanc-DebtX

Produced by Capital Markets Today, host Louis Amaya, discusses capital markets, whole loan /MSR/ secondary trading, real estate and mortgage lending with industry experts.

In just a matter of days, origination of alternative loans, known as “non-QM lending,” came to an abrupt halt.  Non-QM investors worry about risk in an economy shaken by COVID-19 and have stopped buying new loans. Non-QM lenders now have loans sitting in their pipeline with no buyers.  This creates a problem for lenders as most are not set up to own loans and are required to move the loans off their warehouse lines. Joining the podcast to discuss buying and selling in the alternative loan market is Stephen Bone, Head of Whole Loan Trading at Banes Capital Group.  Stephen’s desk trades non-governmental guaranteed residential and commercial whole loans.

In just a matter of days, origination of alternative loans, known as “non-QM lending,” came to an abrupt halt.  Non-QM investors worry about risk in an economy shaken by COVID-19 and have stopped buying new loans. Non-QM lenders now have loans sitting in their pipeline with no buyers.  This creates a problem for lenders as most are not set up to own loans and are required to move the loans off their warehouse lines. Joining the podcast to discuss buying and selling in the alternative loan market is Stephen Bone, Head of Whole Loan Trading at Banes Capital Group.  Stephen’s desk trades non-governmental guaranteed residential and commercial whole loans.

COVID-19, Impact On Trading Alternative Whole Loans, Stephen Bones-Banes Capital

More than 10 million people applied for unemployment benefits in the last two weeks of March due to Covid-19 and some analysts predict the unemployment rate could climb to 25%.  Florida was hit hard in the 2008 crash and many in the state fear the Covid-19 shut down could result in more foreclosures and bankruptcies seen in past recessions. Joining the podcast to discuss what to do now to prepare your portfolio for increased defaults in Florida is Harris Howard, managing partner of the Howard Law Group.  Harris focuses his practice on the representation of servicers and investors in real estate litigation. 

More than 10 million people applied for unemployment benefits in the last two weeks of March due to Covid-19 and some analysts predict the unemployment rate could climb to 25%.  Florida was hit hard in the 2008 crash and many in the state fear the Covid-19 shut down could result in more foreclosures and bankruptcies seen in past recessions. Joining the podcast to discuss what to do now to prepare your portfolio for increased defaults in Florida is Harris Howard, managing partner of the Howard Law Group.  Harris focuses his practice on the representation of servicers and investors in real estate litigation.

COVID-19, Prepare Your Florida Portfolio For Surge In FC & BKs, Howard Law Grp

Daren Blomquist

As we head into the spring home selling season, economist are predicting a dismal performance.  There are estimates that home sales could fall by 35% annually compared with previous years.  Analysts are watching closing to see if the strong monetary policy implemented in conjunction with pent up demand will create a positive rebound over the summer. Joining the podcast to discuss housing is Daren Blomquist, Vice President of Market Economics at Auction.com.  Daren analyzes economic data trends within the real estate market in an effort to create a more efficient marketplace for distressed sellers and buyers.

As we head into the spring home selling season, economist are predicting a dismal performance.  There are estimates that home sales could fall by 35% annually compared with previous years.  Analysts are watching closing to see if the strong monetary policy implemented in conjunction with pent up demand will create a positive rebound over the summer. Joining the podcast to discuss housing is Daren Blomquist, Vice President of Market Economics at <a href="http://Auction.com" rel="nofollow" target="_blank">Auction.com</a>.  Daren analyzes economic data trends within the real estate market in an effort to create a more efficient marketplace for distressed sellers and buyers.

COVID-19, Home Sales & Values, Daren Blomquist, VP Market Economics, Auction.com

The bond purchasing program initiated by the fed along with the impact of COVID-19 has created extreme volatility in the 10-year treasury which influences long-term mortgage rates.  Just this month, the 10-year ranged from 45 basis points to 1.2%. As a result of the erratic bond movement, there has been a wave of margin calls by broker-dealers who sold hedges to mortgage bankers quickly eroding the bankers working capital. Joining the podcast to discuss the mortgage market is Brent Nyitray, Director of Capital Markets at Ark Mortgage.  Brent is also the author of the Daily Tear Sheet’s, “Morning Report”, a daily update on financial markets and the economy.

The bond purchasing program initiated by the fed along with the impact of COVID-19 has created extreme volatility in the 10-year treasury which influences long-term mortgage rates.  Just this month, the 10-year ranged from 45 basis points to 1.2%. As a result of the erratic bond movement, there has been a wave of margin calls by broker-dealers who sold hedges to mortgage bankers quickly eroding the bankers working capital. Joining the podcast to discuss the mortgage market is Brent Nyitray, Director of Capital Markets at Ark Mortgage.  Brent is also the author of the Daily Tear Sheet’s, “Morning Report”, a daily update on financial markets and the economy.

COVID-19-Lending and Margin Calls, Nyitray, Director of Cap Mkts-Ark Mortgage

Servicers are required to advance principal and interest on securitized mortgage loans to investors even if the borrower stops making payments. Earlier this week, to the dismay of many in the servicing industry, the Federal Housing Finance Agency announced it has no plans to create a federally backed liquidity facility to assist struggling servicers.  In fact, The Agency will simply transfer servicing in the event a servicer lacks enough cash on hand, most likely causing another round of servicing consolidation or perhaps forcing some servicers out of business. Joining the podcast to discuss servicing in todays COVID-19 environment is Gagan Sharma, President and CEO of BSI Financial Services.  Gagan acquired BSI Financial from a bank in 2006 and has grown BSI to one of the top nationwide special servicing platforms

Servicers are required to advance principal and interest on securitized mortgage loans to investors even if the borrower stops making payments. Earlier this week, to the dismay of many in the servicing industry, the Federal Housing Finance Agency announced it has no plans to create a federally backed liquidity facility to assist struggling servicers.  In fact, The Agency will simply transfer servicing in the event a servicer lacks enough cash on hand, most likely causing another round of servicing consolidation or perhaps forcing some servicers out of business. Joining the podcast to discuss servicing in todays COVID-19 environment is Gagan Sharma, President and CEO of BSI Financial Services.  Gagan acquired BSI Financial from a bank in 2006 and has grown BSI to one of the top nationwide special servicing platforms

COVID-19 - Mortgage Servicing Impact, Gagan Sharma, President/CEO BSI Financial

Welcome to Capital Markets Today.  This month, we are producing a series of podcasts featuring industry experts to discuss the impact of the covid-19 crisis on mortgage origination and distressed mortgage and real estate related assets. Today, we are going to explore the difference between todays COVID-19 based economic collapse versus the 2008 financial and mortgage induced collapse. Many will argue a collapse is a collapse and as a result, we’ll see job loss, mortgage defaults and home value declines.This may be true, but there are 4 major differences today then in 2008.  The first is that FHA is a much larger percentage of the mortgage market than in 2008. Second the fed cannot cut rates further unless we go negative Third, any fiscal stimulus will add to an already gigantic deficit. And Fourth, everyone will be dealing with a large healthcare crisis on top of a recession.  Joining the podcast to discuss the comparison of the 2008 and 2020 financial crisis is Brad Staley, Managing Member of Pinnacle Rock Capital.  Brad is also the author of a white paper title “2008 Subprime Mortgage Crisis vs. the 2020 COVID-19 Economic Collapse.

Welcome to Capital Markets Today.  This month, we are producing a series of podcasts featuring industry experts to discuss the impact of the covid-19 crisis on mortgage origination and distressed mortgage and real estate related assets. Today, we are going to explore the difference between todays COVID-19 based economic collapse versus the 2008 financial and mortgage induced collapse. Many will argue a collapse is a collapse and as a result, we’ll see job loss, mortgage defaults and home value declines.This may be true, but there are 4 major differences today then in 2008. <ul> <li>The first is that FHA is a much larger percentage of the mortgage market than in 2008.</li> <li>Second the fed cannot cut rates further unless we go negative</li> <li>Third, any fiscal stimulus will add to an already gigantic deficit.</li> <li>And Fourth, everyone will be dealing with a large healthcare crisis on top of a recession.</li> </ul> Joining the podcast to discuss the comparison of the 2008 and 2020 financial crisis is Brad Staley, Managing Member of Pinnacle Rock Capital.  Brad is also the author of a white paper title “2008 Subprime Mortgage Crisis vs. the 2020 COVID-19 Economic Collapse.

COVID-19, 2008 / 2020 Crisis Comparison, Staley-Pinnacle Rock Capital

Welcome to Capital Markets Today and the MWM Fund Note Investing podcast series.This is the 2nd in a series of 5 podcasts discussing the creation and strategy of the MWM Fund, a req A fund enabling the smaller investor to participate in the non-performing note investment niche. Joining the podcast today is TJ Osterman and Rick Allen, founders of the MWM Fund.  In the last podcast, we discussed the opportunity in the note space as well as the overall strategy of the MWM Fund.  Today, we will get more into the weeds and discuss the fund structure, how to participate, fees and anticipated return.

Welcome to Capital Markets Today and the MWM Fund Note Investing podcast series.This is the 2nd in a series of 5 podcasts discussing the creation and strategy of the MWM Fund, a req A fund enabling the smaller investor to participate in the non-performing note investment niche. Joining the podcast today is TJ Osterman and Rick Allen, founders of the MWM Fund.  In the last podcast, we discussed the opportunity in the note space as well as the overall strategy of the MWM Fund.  Today, we will get more into the weeds and discuss the fund structure, how to participate, fees and anticipated return.

MWM Fund Series #2, Note Investing For The Individual Investor

Freddie Mac just announced it began marketing a non-performing loan sale with about $400 million in Unpaid Principal Balance.   The loans are being sold via five pools, four standard pool offerings and one extended timeline pool designed for smaller investors and non-profits. The definition of smaller investor is relative, for example the smaller expo pool is in excess of $20 million in UPB.   Over the past few months, a portion of our audience made up of the smaller investor have asked how they can participate in the growing non-performing mortgage loan asset class.  As a result, we are putting on a series of podcast to educate our listeners on how they can participate.   Joining the podcast today is Kevin Shortle, a seasoned investors with over 25 years of experience in the real estate and mortgage space.  Kevin is also the author of the book “Real Estate Without Renters” and trains note investors nationwide.

Freddie Mac just announced it began marketing a non-performing loan sale with about $400 million in Unpaid Principal Balance.   The loans are being sold via five pools, four standard pool offerings and one extended timeline pool designed for smaller investors and non-profits. The definition of smaller investor is relative, for example the smaller expo pool is in excess of $20 million in UPB.   Over the past few months, a portion of our audience made up of the smaller investor have asked how they can participate in the growing non-performing mortgage loan asset class.  As a result, we are putting on a series of podcast to educate our listeners on how they can participate.   Joining the podcast today is Kevin Shortle, a seasoned investors with over 25 years of experience in the real estate and mortgage space.  Kevin is also the author of the book “Real Estate Without Renters” and trains note investors nationwide.

MWM Fund Podcast Series #1, Note Investing For The Individual Investor

Duane Morris

The IMN Opportunity Zone Forum is being held in Chicago on September 19th. Listeners of the podcast can use code NSCM20 when registering for a 20% discount It was recently announced that PTM Partners and Estate Investments Group secured a $55 million construction loan to build an 18-story apartment project in an Opportunity Zone.  The development group also secured about $18 million in mezzanine financing in addition to the construction loan. The developers are building a 360-unit multifamily building in Miami near the Miami Central train station.  The deal marks one of the first construction loans given to an Opportunity Zone project in South Florida. Joining the podcast to discuss Opportunity Zones is Brad Molotsky, attorney and partner at Duane Morris.  Brad practices in the area of real estate law and is co-head of the firms Opportunity Zones practice group.

The IMN Opportunity Zone Forum is being held in Chicago on September 19th. Listeners of the podcast can use code NSCM20 when registering for a 20% discount It was recently announced that PTM Partners and Estate Investments Group secured a $55 million construction loan to build an 18-story apartment project in an Opportunity Zone.  The development group also secured about $18 million in mezzanine financing in addition to the construction loan. The developers are building a 360-unit multifamily building in Miami near the Miami Central train station.  The deal marks one of the first construction loans given to an Opportunity Zone project in South Florida. Joining the podcast to discuss Opportunity Zones is Brad Molotsky, attorney and partner at Duane Morris.  Brad practices in the area of real estate law and is co-head of the firms Opportunity Zones practice group.

IMN OZ Forum Series - OZ Structures,Deals & Misconceptions, Molosky, Partner at Duane Morris LLP

Craig Bernstein

OPZ Bernstein

The IMN Opportunity Zone Forum being held in Chicago on September 19th. Listeners of the podcast can use code NSCM20 when registering for a 20% discount Silverback Development recently announced it has raised  $50 million in capital to seed a new Opportunity Zone Fund.  The capital will be used to accelerate its expansion to markets including Louisiana and North Carolina.  Silverback currently has four OZ sites which include Astoria, Long Island City, South Bronx and Stamford, Connecticut. Joining the podcast to discuss Opportunity Zones is Craig Bernstein, Principal of OPZ Bernstein, a subsidiary of The Bernstein Companies, a Washington, DC based real estate investment management firm.  Prior to founding OPZ Bernstein, Craig the Chief Investment Officer of White Star Investments, a prominent single-family investment office in Bethesda, MD.

The IMN Opportunity Zone Forum being held in Chicago on September 19th. Listeners of the podcast can use code NSCM20 when registering for a 20% discount Silverback Development recently announced it has raised  $50 million in capital to seed a new Opportunity Zone Fund.  The capital will be used to accelerate its expansion to markets including Louisiana and North Carolina.  Silverback currently has four OZ sites which include Astoria, Long Island City, South Bronx and Stamford, Connecticut. Joining the podcast to discuss Opportunity Zones is Craig Bernstein, Principal of OPZ Bernstein, a subsidiary of The Bernstein Companies, a Washington, DC based real estate investment management firm.  Prior to founding OPZ Bernstein, Craig the Chief Investment Officer of White Star Investments, a prominent single-family investment office in Bethesda, MD.

IMN OZ Forum Series - OZ Strategies and Asset Classes, Craig Bernstein, Principal of OPZ Bernstein

Capital Markets Today

According to a recent article in USA today, single-family rentals are developing faster than any other portion of the housing market. The rentals outpace both single-family home purchases and apartment-style living, according to the Urban Institute.  Single-family rentals have gone up 30% within the last three years Joining the podcast to discuss the single-family rental market is Alex Hemani, Founder of Alna Group of Companies. In 2006 Alex founded Alna Properties as his investment vehicle and built a portfolio of several hundred SFR along with a firm to provide property management services for the Alna Properties portfolio as well as other SFR investors.  Alex continued to expand his reach with creating “We Buy Homes In USA” to identify SFR investment opportunities across the country.

IMN SFR Podcast Series - Single Family Rental, Section 8-Hemani, Alna Properties

Generally speaking, there are two types of note buyers; The institutional investor will purchase notes on a national basis with their own funds. They might hold for a long investment, liquidate or trade out and maybe even securitize on the secondary market.  The private investor purchases notes on a smaller scale, usually limited to a certain geographic region. The private investor market has grown significantly over the past several years creating a liquid market place to buy and sell on a smaller scale.  There is a certain level of knowledge that needs to be acquired for a private investor to be successful.  Structuring their investments, sourcing deals and managing their portfolio are just a few of the areas in which expertise is required. Joining the podcast to discuss alternative investments and private placement opportunities is Ryan Parson.  Ryan is the Chairman and Chief Investment Officer at Heritage Capital USA, Inc. and Mile Marker Club, as well as the Director of Investor Relations at Colonial Capital Management. Ryan works with individual and business clients to provide financing solutions for all types of real estate and alternative investments.

NoteExpo Podcast Series - Alternative Investing, Parson-CIO Heritage Capital USA

According to a recent article in Mortgage Professional America, the fastest-growing segment of the housing market today is single-family rentals.  The shift to single-family rentals is being driven by a number of factors, notably tight mortgage credit and millennials’ lifestyle choices, which differ from earlier generations’. For the past three years, single-family rental has hovered around a 30% growth rate, compared with an average growth rate of less than 15% for multifamily during the same period. Joining the podcast to discuss the single-family rental market is Kevin Ortner, President and CEO of Renters Warehouse.  Renters Warehouse manages more than $3 billion in residential real estate, servicing over 18,000 properties and 13,000 investors in over 35 markets across more than 20 states.

IMN SFR Podcast Series - Single Family Rental Prop Mgt, Ortner-Renters Warehouse

The non-performing loan market has diversified over the past several years with loans flowing through primary, secondary and tertiary markets to a broad range of large and small investors. The NoteExpo was launched to fill a void in the Note Industry that attracts the large, medium and small investors who interact in this space.  Joining the podcast to discuss the upcoming conference is Bob Repass, Managing Director of Colonial Funding Group and NoteSchool.  In addition, Bob is the Fund Manager and Chief Investment Officer of Colonial Capital Management’s Colonial Fund 17 and Colonial Impact Fund II.  Bob is a 28-year veteran and expert in the seller finance discounted mortgage and distressed asset industry. Over the course of his career, he has purchased over 40,000 performing and non-performing mortgage loans totaling over $2 billion dollars in volume.

The NoteExpo, Repass - Managing Director of Colonial Funding Group

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Best Multi-Part Documentaries

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