More Foreclosures Ahead
That’s good news for first-time homebuyers. Foreclosures are gradually returning closer to pre‑pandemic levels in 2022. This is good news for many first-time homebuyers priced out of the fever dream that was the pandemic housing [...]
Anti-Money Laundering Laws and the Private Lending Industry
The AAPL supports efforts to combat money laundering and related crime and encourages private lenders to establish a sensible AML program. To understand how anti-money laundering laws apply to private lenders, it is important to [...]
Applied Business Software Inc., Announces Q2 Threefold Growth in Sales
LONG BEACH, Calif., August 2, 2022 - Applied Business Software Inc., (“ABS”), the leader in loan servicing and origination software in private lending, announced today closing of Q2 with a threefold sales growth in their Adjustable-Rate [...]
Florida Condo Deal Built Long-Term Strategic Partnerships
Here’s how a single transaction led to new opportunities. Opportunity The nine-story waterfront property in Bay Harbor Islands, Florida, consisted of 41 residences, ranging from 900 to 2,100 square feet. The borrower was an international [...]
Capital Partnerships: Are They for You?
If you are seeking capital to grow your private lending firm, keep these strategies in mind. As the private lending industry starts to face headwinds, including higher interest rates, more small- and midsized lenders are [...]
Member Spotlight | Michelle Esparza
Our August Member Spotlight shines on Michelle Esparza, senior vice president with Apex Closing Services, LLC. Throughout her 20's, Michelle had a passion for sailing and a wonderfully fun history of racing Hobie Catamarans. At [...]
Partnering with Other Lenders to Win More Deals
Sometimes the end of the road is just the beginning. Private lending is competitive. It’s just part of the business. For many, it’s a rush. It’s what makes it truly enjoyable. There’s nothing like knowing [...]
Creating Value in a 100-Year Flood Plain
default Borrower saw opportunity to construct seven homes by raising foundations above the flood plain. Opportunity and Scope The borrower, CFF REI LLC, found a low-cost opportunity to build in a residential area [...]
Anecdotal Versus Fact-Based Evidence in Deal Evaluation
When you are considering an investment, don’t make the mistake of relying solely on opinions and experience rather than on data. Relationship building and networking are paramount to success for the small, independent private lender. [...]
Managing Employee Issues Ethically
Understanding these best practices will help you address an employee's mental health issues, especially within the stressful lending services industry. Forward from Jeff Spiegel, first chair of AAPL’s Ethics Committee and principal of Spiegel Accountancy [...]
Expanding into New Markets
Consider this four-step process before making any final expansion decisions. The private credit market has seen steady growth since 2005. In 2005, private lending made up just 5% of the total U.S. credit market. In [...]
Rehab of Shotgun-Style Home Hits the Affordable Housing Mark
A major transformation of a shotgun-style house in Houston's East Side added a quality, affordable residence to this improving area. Opportunity The borrower purchased a 1930s-era house that was essentially unlivable and structurally unsafe, seeing [...]
Lessons from a Lifetime in Real Estate
Paul Jackson draws from experience to build Residential Capital Partners. Paul Jackson recognized the appeal of real estate from an early age. “Everybody in my family was in the real estate business,” he said. “It’s [...]
What Led a Conventional Mortgage Loan Officer to Work Exclusively with Real Estate Investors
The bottom line is all lenders—conventional and private—must decide the boundaries they are willing to work within. Everyone has heard stories about a loan that went bad at the final hour. A familiar one centers [...]
6 Ways to Push and Pull Loan Levers to Mitigate Risk
Just don’t forget that moving one lever impacts the entire project you’re funding. As a private lender, there are a lot of levers you can pull to mitigate risk, including changing terms to offset the [...]
The Housing Shortage: Affecting Buyers, Sellers, and Builders
Zillow recently reported U.S. housing stock gained $6.9 trillion in 2021, the most in a single year. Single-family homes values rose considerably faster, with the average homeowner seeing gains of $50,000. Record low supply, coupled [...]
Member Spotlight | John Beacham
This past winter, John Beacham, CEO of Toorak Capital Partners, made his way to a narrow, rocky point in Antarctica aptly named Portal Point for acting as part of the gateway to the Antarctic Plateau. [...]
John Beacham of Toorak Capital Partners Named an Entrepreneur of the Year® 2022 New Jersey Award Winner by EY
SUMMIT, NJ – June 23 – Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, today announced that John Beacham, its Founder and CEO, has been named an Entrepreneur Of The [...]
John Beacham of Toorak Capital Partners Named an Entrepreneur of the Year® 2022 New Jersey Award Winner by EY
SUMMIT, NJ – June 23 – Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, today announced that John Beacham, its Founder and CEO, has been named an Entrepreneur Of The [...]
Interest Rates Are Rising…
What Does That Mean for Private Lenders and What is Going to be Affected? As of this writing, Jerome Powell informed the world that the Federal Reserve was raising the federal fund rates 75 basis [...]
