Member Spotlight | Ruben Izgelov
If you ask Ruben Izgelov what he does in his spare time, his response is immediate: spare time is family time. If you push a little bit, he'll add he loves reading in his "absolute [...]
Member Spotlight | Jasen Miller
Jasen Miller came to our private lending world courtesy of a property development history that spanned countries (we're lucky to have you, Jasen)! If you have an opportunity to sit down with Jasen, ask him [...]
From Here to There and Back Again
The Real Estate industry can be unforgiving. The moment we come to understand and accept that, we discover a world of opportunities. I did my first investment deal when I was in college. As is [...]
Understanding the Entitlements Portion of Due Diligence
Use a step-by-step approach to review and analyze a property’s discretionary entitlements before approving a loan on the property. If you work in the real estate industry, you have no doubt heard the term “caveat [...]
The Origin Story That Launched an Industry
AAPL’s roots and the modern private lending industry can be traced to the Great Recession. It is 2009, and the Great Recession is in full swing. The federal government has passed the Secure and Fair [...]
Some TLC Transforms Portland Home
Renovations to an untended home in a desirable neighborhood of Portland, Oregon, yielded significant ROI. A single-family home in a desirable neighborhood of Portland, Oregon, was priced far below market value because it sorely needed [...]
Private Capital at Work
Here’s how one Maine entrepreneur is building affordable housing for his community and changing perceptions one house at a time. With funding Toorak Capital Partners provided, a 22-year-old developer in Maine has used $1.4 million [...]
Fund Management Strategies for 2022
With some creativity, flexibility, and patience, the challenges of 2021 can become opportunities for your fund in 2022. Most major metro markets have seen steady price and income growth in 2021, particularly in the residential [...]
The Good, the Bad, and the Ugly of Leadership
Anyone can claim to be a leader, but the key question is this: Will your team—and success for your business—follow? Good leadership is like the light, permeating into every aspect of the business. Poor leadership, [...]
Do Long-Term Rentals Have Staying Power?
Many factors are driving the trend, but private lenders must also understand the risks. Before we get into the latest loan craze in private lending—long-term rentals (LTRs)—let’s review how we got here. For years the [...]
Grassroots Efforts Make Inroads Against Legislation Impacting Private Lending
Spearheaded by our Government Relations Committee, AAPL wrapped up its third year of legislative activity with some definite wins. As we continue our grassroots mobilization efforts and build strategies for how and when we talk [...]
Shifting the Sales Paradigm
Private lenders can use these five tips to accelerate their mastery of the sales process—and close more deals. Sooner or later, everyone realizes the importance of knowing how to sell. It is a vital skill, [...]
The Thinker
Noah Martin’s philosophy background brings a unique perspective to the lending industry. When first meeting Noah Martin, president of AlphaFlow, you might wonder how a philosophy major who casually mentions Jean-Paul Sartre in an interview ended up in private lending. But once you get to know [...]
Chasing Yield Can Bite You
This article was co-authored with Alex Breshears. Here’s how to avoid serious missteps when ROI appears too good to be true. It’s no secret there’s a lot of capital chasing yield right now. With historically [...]
Discriminate—At Your Own Peril
Companies that tolerate discrimination—whether in the workplace or in lending—risk legal and reputational consequences. The U.S. Equal Employment Opportunity Commission (EEOC) enforces federal laws prohibiting discrimination against a job applicant or an employee during a variety [...]
Understanding the Complexities of New York’s CEMA Loans
CEMA transactions can reduce refinancing costs in New York, but private lenders must be diligent about following the process. Long-term rentals have exploded in the private lending space during the last several years. Private lenders [...]
Where to Find Value-Add Investing Opportunities
Housing supply gradually began to increase in the second half of 2021, both in the larger retail market and in the narrower distressed property market—as predicted in a July 2021 article in this publication. The [...]
CFPB Seeking Input on HMDA Rules
The Consumer Financial Protection Bureau launched an open comment period now through January 21 seeking input to assess the effectiveness of HMDA, focusing on: Institutional coverage and transactional coverage; Data points; Benefits of the new [...]
Single-Family Home Rises From the Ashes
Borrower sought short-term bridge loan for massive renovations; refinanced with 30-year mortgage later. A single-family residence in Glenn Dale, Maryland, was condemned and sat vacant for nearly a year after a fire on November 5, [...]
4 Ways 1031 Exchange Reform Could Negatively Impact Real Estate
The proposed changes to the 1031 exchange will create significant burdens for small local investors. The 1031 exchange has been around since 1921. It has been a point of contention across political lines for decades, [...]
