The American Association of Private Lenders and sister company Think Realty meet with legislative staff to voice industry concerns.

October 21, 2021 – Members of the American Association of Private Lenders and Think Realty gathered virtually for a day of meetings with staffers in Washington, D.C. to discuss proposed legislation that would impact housing providers and private lenders.

In 2019, each company organized an in-person Day on the Hill event and members were excited to continue the discussion that successfully began two years ago.

The purpose of Day on the Hill is to explain what housing providers and private lenders do for the real estate industry and to voice the impacts proposed legislation would impose. The specific mission this year was to Save Regulation D, which Congress adopted in 1982 “to simplify existing rules and regulations to facilitate capital formation, particularly for small businesses, consistent with the protection of investors.”

AAPL and Think Realty’s position is to strike Section 138312 and 138314 from the federal tax bill, which if passed, would force self-directed IRA accountholders to move from private to public offerings and undercut Regulation D’s effectiveness. Small businesses depend on this universally popular provision, which in the since 2009 has raised more than $13.5 billion while only seeing a miniscule 221 SEC complaints.

Within the industry, private lenders and private funds that use IRA investments to deploy capital would face significant hardship to locate new sources and divest all current IRA investments within two years. This would in turn decrease the funds available to housing providers and local economies already struggling in the aftermath of the COVID-19 pandemic.

Beyond this urgent matter, ongoing topics discussed included Affordable Housing, Opportunity Zones, the Home Mortgage Disclosure Act, Bankruptcy and more.

AAPL and Think Realty are owned by Eddie Wilson, an experienced real estate investor and private lender with a track record of successful business ventures and nonprofit organizations worldwide. “It is important to establish who we are and how we can be of service to legislators. We take a consultative approach, and our methodology is one of advocacy,” he said.

Policymakers were responsive to concerns and the event’s 11 meetings with legislators on both sides of the political aisle helped raise awareness for the real estate investing and private lending industries. Staff requested additional information that would help them better understand these issues and the plight of their constituents.

About AAPL

The American Association of Private Lenders (AAPL) is the oldest and largest national organization safeguarding the continued viability and growth of the private real estate lending profession. Formed in 2009, we identified needs for standardized best practices, ongoing support resources, and self-governance that perseveres today. Our membership includes private money lenders, mortgage fund managers, brokers, and service providers from across the United States.

About Think Realty

Think Realty is an educational platform for housing providers. Our mission is to help real estate investors achieve their goals of building wealth, doing better business, and improving housing nationwide. Think Realty is dedicated to being the central source for connecting real estate investors with resources they need to succeed. Members have access to comprehensive educational tools including articles, video courses, and hybrid events nationwide. Learn more at www.thinkrealty.com.