Howdy Y'all,
I cross posted this from the investment forum as I didn't get any responses. A little over six years ago I posted on this very website asking for some advice. That led me to my current business partners and since then we have grown tremendously and fairly organically. In the past, we have been primarily focused on placing private bridge debt for small commercial operators and home flippers. That business has grown from $4MM under management after year one to about $60MM. We have gone from three employees to 16 and still growing. Our office was a converted house near hobby airport, now we are on the 17th floor of a high rise in the Energy Corridor. It's been a fun ride!
We fund the loans by coupling bank debt with privately raised equity and continually recycle that money as loans pay off and originate new. We have a stellar track record of delivering annualized double digit returns year-over-year.
We now have started a new venture working with commercial operators to aggregate LPs for their projects while acting as a fiduciary to our investors. Although we have a stable investor base, we are seeing the ability for growth and want to position ourselves to take advantage of eventual shifts in the market.
I am looking for guidance on clubs or groups I can join to expand my networking horizons. Any and all help would be much appreciated!
TLDR
Once upon a time Texags really helped me out, and I am returning to the power of Texags to help guide me to investment clubs if such a thing exists!
Thanks and Gig 'em
James Behanick
'06 Finance
'07 MRE
I cross posted this from the investment forum as I didn't get any responses. A little over six years ago I posted on this very website asking for some advice. That led me to my current business partners and since then we have grown tremendously and fairly organically. In the past, we have been primarily focused on placing private bridge debt for small commercial operators and home flippers. That business has grown from $4MM under management after year one to about $60MM. We have gone from three employees to 16 and still growing. Our office was a converted house near hobby airport, now we are on the 17th floor of a high rise in the Energy Corridor. It's been a fun ride!
We fund the loans by coupling bank debt with privately raised equity and continually recycle that money as loans pay off and originate new. We have a stellar track record of delivering annualized double digit returns year-over-year.
We now have started a new venture working with commercial operators to aggregate LPs for their projects while acting as a fiduciary to our investors. Although we have a stable investor base, we are seeing the ability for growth and want to position ourselves to take advantage of eventual shifts in the market.
I am looking for guidance on clubs or groups I can join to expand my networking horizons. Any and all help would be much appreciated!
TLDR
Once upon a time Texags really helped me out, and I am returning to the power of Texags to help guide me to investment clubs if such a thing exists!
Thanks and Gig 'em
James Behanick
'06 Finance
'07 MRE