Kevin Kim Answers Private Lending FAQs + Season 4 Recap
Release Date: 03/18/2024
A League of Their Own - Guimont Capital
Lender Lounge with Kevin Kim
In this episode of Lender Lounge, Kevin Kim interviews Daniel Guimont, CEO of Guimont Capital, and Kirsten Lundell Koester, the company's Chief Legal Officer, at their Bellevue office. Daniel and Kirsten share Guimont Capital's journey from its roots as Las Vegas Loans to becoming a diversified lender focused on high-value, diverse projects across the U.S., from real estate to business acquisitions. They discuss the company’s hands-on approach, unique underwriting process, and commitment to borrower relationships, emphasizing both operational experience and the human element in lending....
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Live At CAPTIVATE
Lender Lounge with Kevin Kim
Kevin Kim hosts a live episode of Lender Lounge from the Captivate Conference at the Encore Hotel in Las Vegas. Joining him are industry veterans Evan Stone, CEO of Champions Funding and Chairman of Community Savings, Dustin Wells, President of Dominion Financial Services Wholesale, and Dave Orloff, CEO of American Heritage Lending. This discussion explores the evolving landscape of private lending, particularly the intersections of consumer and business-purpose lending. The panelists dive into their experiences transitioning from consumer to business-purpose lending, the distinct challenges...
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Don’t Mess with Texas, Michael Hoffman - Longhorn III
Lender Lounge with Kevin Kim
In this episode of Lender Lounge with Kevin Kim, Mike Hoffman, CEO and President of Longhorn Investments, joins Kevin to share his journey into private lending and the growth of Longhorn Investments. Starting from a background in law with no real estate experience, Mike stumbled into the world of hard money lending during the 2008 financial crisis. He shares the origins of Longhorn Investments, its expansion beyond Texas, and the unique challenges of building a successful private lending business. Mike also discusses how the company adapted to market changes, including the decision to start a...
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“Constructive Conversation”- with Ben Fertig, President of Constructive Capital
Lender Lounge with Kevin Kim
In this episode of Lender Lounge, Kevin Kim welcomes back Ben Fertig. Ben is the founder and President of Constructive Capital, the leading national capital provider for DSCR Rental Loans and Residential Transitional Loans (RTL or Fix and Flip Loans). Prior to Constructive, Ben led Credit and Asset Management at Finance of America Commercial; and, before that, he served as Chief Operator Officer of Jordan Capital Finance, where he managed originations, credit policy, and capital markets. Ben was instrumental in the sale of the Jordan Capital Finance platform to Blackstone and Finance of...
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First to Market: A Conversation with John Beacham, TOORAK Capital Partners
Lender Lounge with Kevin Kim
The Lender Lounge is pleased to host a special guest speaker series. Leading up to our next season, we have John Beacham of Toorak Capital Partners as our guest for an open conversation about his career and success. John Beacham, CEO of Toorak Capital Partners, joins Kevin Kim for a special episode of Lender Lounge, produced in collaboration with the American Association of Private Lenders. John shares his extensive journey in the finance industry, detailing his transition from investment banking to leading one of the most recognized firms in the private lending sector. The discussion...
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Kevin Kim Answers Private Lending FAQs + Season 4 Recap
Lender Lounge with Kevin Kim
In this concluding episode of Season 4, Kevin Kim reflects on the insights gained from our guests and addresses common questions from our listeners, particularly those new to private lending. Kevin discusses licensing for private lenders, emphasizing the variation in requirements across states and the importance of compliance and understanding securities laws, even when raising funds from family and friends. He also explores the challenges and opportunities of raising capital from international investors and the intricacies of fractionalized loans. He shares his observations on the...
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A Conversation with Beth O’Brien, Encore Finance
Lender Lounge with Kevin Kim
Beth O'Brien, a dynamic leader and innovator in the private lending industry, joins Kevin Kim on this episode of Lender Lounge. With her rich background in law, real estate, and securitization, Beth currently spearheads Encore Finance Capital. Her journey encompasses an impressive trajectory from working at renowned institutions like Goldman Sachs and Citi to pioneering her own private lending ventures. Beth's strategic insight and deep understanding of the residential and commercial real estate sectors empower her vision at Encore. This conversation expands on the nuances of private lending,...
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A Conversation with Adham Sbeih of Socotra Capital
Lender Lounge with Kevin Kim
Adham Sbeih is an exemplary leader in the private lending industry. As CEO of Socotra Capital, he has built the company to a team of 33 and roughly $500 million in capital distributed across four funds, positioning it as a dynamic lender and trusted partner for their clients. In this episode, Kevin Kim and co-host Nema Daghbandan sit down with Adham to discuss where his lending journey began, the inception of Socotra, and his thoughts on business strategy, team culture, and training security dogs! Adham’s roots are “all world.” His parents met in Beirut where his mother was working for...
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Ask a Private Lending Risk-Taker: Demystifying Fund Creation | Brock VandenBerg & Matt Podesto
Lender Lounge with Kevin Kim
In this episode, Kevin Kim engages in a dynamic conversation with Matt Podesto and Brock VandenBerg, two successful private lenders who have taken the leap into fund management. From the early days of local hard money lending to the influx of institutional capital and white label programs, our guests provide valuable insights into the changing landscape and how it has affected the present. They emphasize the importance of proper underwriting and servicing while cautioning against entering new transactions without sufficient knowledge. Matt and Brock also share their invaluable personal...
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A 2024 Crystal Ball Conversation with Geraci Leadership
Lender Lounge with Kevin Kim
The leadership at Geraci LLP collectively has decades upon decades of private lending industry experience. For this episode, Kevin asked Geraci’s seasoned professionals to offer their foresight into the private lending industry for 2024 – what does the industry need to know as we head into the new year? Kevin and the Geraci team explore anticipated economic trends, such as preparing for potential litigation challenges and strategizing for effective hiring in the evolving market landscape. They also delve into innovative lending practices tailored for the year ahead, emphasizing the...
info_outlineIn this concluding episode of Season 4, Kevin Kim reflects on the insights gained from our guests and addresses common questions from our listeners, particularly those new to private lending. Kevin discusses licensing for private lenders, emphasizing the variation in requirements across states and the importance of compliance and understanding securities laws, even when raising funds from family and friends. He also explores the challenges and opportunities of raising capital from international investors and the intricacies of fractionalized loans. He shares his observations on the entrepreneurial spirit, discipline, and focus he witnessed in interviews throughout the season. Kevin highlights the importance of adding value to the marketplace, creating a strong team culture, and maintaining financial discipline to ensure the longevity and success of your private lending business.
Kevin Kim leads Geraci LLP’s corporate & securities practice. His expertise lies in fund formation, private placements, and other securities offerings for private lenders, real estate developers, and investors of all sizes. Kevin is also the lead instructor for the American Association of Private Lender (AAPL)’s Certified Fund Manager courses, where he teaches mortgage fund managers throughout the United States on fund management and securities laws. And, of course, he hosts the Lender Lounge with Kevin Kim podcast.
Key Topics:
[00:01:30] Kevin answers frequent questions he receives as a private real estate lending lawyer specializing in corporate and securities law
[00:01:40] FAQs on licensing in private lending
[00:04:13] FAQs on raising money from family and friends
[00:06:20] FAQs on raising money from international investors
[00:08:05] FAQs on fractionalized/co-lending/multi-beneficiary loans
[00:10:45] FAQs on being successful in private lending
[00:14:40] Kevin talks highlights and takeaways from Season 4 of Lender Lounge
[00:16:22] Embodying the entrepreneurial spirit in private lending
[00:20:46] Maintaining focus and discipline in business operations
[00:24:02] Cultivating a positive and value-driven team culture
[00:25:55] Positivity in the marketplace today
Links
Learn more about Geraci Law Firm at https://www.geracilawfirm.com
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