@DistressedDough

private credit in real estate. before it was cool. opinions are generally correct but timing is generally terrible. buying loans when I can’t make new ones.

[@DistressedDough @distresseddough]

Things that matter to a manager in short duration senior debt investments:

Profit

Investment Multiple

This is what puts smiles on LP faces and creates real carry checks.

Things that don’t matter:

IRR

Thanks for coming to my TED talk

[@DistressedDough @distresseddough]

RIP #Lenders4Peanut #Peanut #Fred

[@DistressedDough @distresseddough]

BRB taking the next year off because dealing w/ borrowers for 20% net makes no sense right now. #trickortreat #wtfed #ratecutmylifeintopieces

[@DistressedDough @distresseddough]

@investingcre Security interest in their first born child, signed balance acknowledgement/summary judgement, deed in lieu escrowed, cross a junior lien on their primary res and any vacation homes and DACA their personal checking accounts.

[@DistressedDough @distresseddough]

I think she'd do well in CRE Credit.

[J.K. Rowling @jk_rowling]

I get the same royalties whether you read them or burn them. Enjoy your marshmallows! 😘

[@DistressedDough @distresseddough]

https://t.co/mKeftMv1GK

[Patrick Campbell @Patticus]

After:
12 years
50k+ companies using our products
$200M+ exit

I left Paddle and the subscription economy.

Here’s why 👇

[@DistressedDough @distresseddough]

@Patticus

[@DistressedDough @distresseddough]

Sitting here grinding out loan reviews and borrower calls while Scrooge McDuck takes a victory lap because his doorstop outperformed our whole team.

https://t.co/NrlRSDgoQ3

[@DistressedDough @distresseddough]

Your interest has been noted.... deal fiends.

[@DistressedDough @distresseddough]

8/8 These situations are challenging but ultimately collectable. Experience in quick monetization is key. #DistressedDebtInvesting

[@DistressedDough @distresseddough]

2/8 The numbers speak volumes:

IRR: NOBODY CARES
1.18x investment multiple
$103,901 profit
All in just TWO MONTHS.
#InvestmentPerformance

[@DistressedDough @distresseddough]

7/8 Resolution (drum roll, it's a weird one!) came when a GUARANTOR purchased the loan at full payoff. This unlocked our acquisition discount gains. Key takeaway: Your exit strategy might come from unexpected places. Also, imagine that first partners call afterward #ExitStrategy

[@DistressedDough @distresseddough]

1/8 Another #loanbuy case study for you nerds. Let's unpack our recent NM Retail loan resolution. It's a prime example of off-market opportunities in distressed debt. #SeniorSecuredLending #DistressedDebt

[liens of new york @liensofnewyork]

I significantly regret how much I contributed to my 401k during my early years on the Street. That money is worthless to me at 60 when a down payment on a NYC apartment is $500k today.