Marc Rouda

Small business lending/note purchasing, private RE lending, husband, father, tennis. 49ers.

[Oaktree @Oaktree]

ICYMI: @HowardMarksBook recently joined @Bloomberg Surveillance to discuss #AI and his latest memo, Is It a Bubble?

Read the memo: https://t.co/7bMp9OLFWj
Watch the interview: https://t.co/w6wApznxPg

#AlternativeInvesting #InsightsInFocus

[unusual_whales @unusual_whales]

Jeffrey Sachs on tariffs: "If you take your credit card and you go shopping and you run up a large credit card debt, you’re running a trade deficit with all those shops. Now, it would be pretty strange if you then blamed all the shop owners for having sold you all those things."

[Marc Rouda @free_mkt]

@KLM trying to retrieve my delayed baggage (flight arrived 5 hours ago, had to come back to the airport on my own dime) here at AMS door 16 in arrival hall 2. There are at least 200 people in line trying to get in…is there another way to access the baggage carousels?

[Marc Rouda @free_mkt]

@NinersNation Great insight! Why even bother posting

[Marc Rouda @free_mkt]

@realEstateTrent Define temporary

[Marc Rouda @free_mkt]

@LombardiHimself Browns have been first team to stop the 49ers run since early in the first half and have put a ton of pressure on Brock. Credit to Schwartz…but also helps Deebo is out of the game

[Marc Rouda @free_mkt]

@flynn_bob :-/

[Marc Rouda @free_mkt]

@flynn_bob 3rd party lenders were likely selling them the lower quality loans they originated (regardless of the criteria that Peerstreet set). But impossible for us to prove - just a working theory based on my experience with fintechs

[Marc Rouda @free_mkt]

@flynn_bob I feel for Brew and the others at Peerstreet. But hi LTVs and LTCs (LTCs weren't always disclosed) + purchasing loans from 3rd party private lenders wasn't going to end well. The latter is a big factor because they couldn't underwrite the loan themselves and

[Marc Rouda @free_mkt]

@flynn_bob @tomhinestweets Yes, but only on maturities longer than 12 mos. Initial period of 12 mos features a fixed rate then the last 6, 9, or 12 mos are prime based (for total 18, 21, or 24 mo term). That said, a lot of folks arecoming to us for 6-12 mos maturities, so no variable rates on those -

[Marc Rouda @free_mkt]

@tomhinestweets @flynn_bob Offer variable rates, even for just an initial term /end

[Marc Rouda @free_mkt]

@tomhinestweets @flynn_bob Inflation may be ebbing this summer, but could still go back up this summer. The CME's target rate probability tool, which polls interest rate traders and has been more right than wrong, is predicting that the Fed funds rate will be 25-50 bps higher by the end of the year /1

[Marc Rouda @free_mkt]

@girdley ...both of which will increase delinquency and default risk dramatically
- Avoid balloon payments. Most SMB buyers won't come up with a lump sum on the balloon date
- Include a late fee (10%) provision in the Note
- If down payment is light, try to get a lien on buyer's RE assets

[Marc Rouda @free_mkt]

@girdley - Never, ever agree to go in 2nd position behind SBA or conventional financing
- Perfect your lien by recording a UCC lien against the business assets
- Calculate a monthly payment that the business can afford. Don't charge a high rate or require a shorter amortization...
(2/)

[Marc Rouda @free_mkt]

@flynn_bob https://t.co/6k3bzXaEOP

[Barchart @Barchart]

Michael Burry with a guide showing bank unrealized losses vs. deposits above $250,000 (% of Total)

[Marc Rouda @free_mkt]

@LombardiHimself David, I hope you’re right that they can continue to get good performance out of OL players not named Williams or Banks. Hopefully they add some decent talent to the line thru the draft. It’s our Achilles’ heel every offseason and could explain why our QBs get hurt often

[Marc Rouda @free_mkt]

@flynn_bob @moseskagan The part about what Hellman did when there was a rumor of a bank run is enlightening -

[Marc Rouda @free_mkt]

@flynn_bob @moseskagan Amazing book

[Marc Rouda @free_mkt]

@MrBusinessCPA Let me know if your client wants to sell his Note. We've been investing in seller Notes secured by SMBs for over 30 years.