WS1454: Private Debt in Property Investing | Will Coleman
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Buying a property is a good investment. There\\u2019s steady cash flow, tax breaks and property value appreciation. For many, taking private debt is necessary to finance real estate purchases, but not a lot of buyers are aware of what loan is best for them.
In today\\u2019s episode, real estate investor Will Coleman educates listeners on the different types of loans used to finance real estate investments. Plus, he\\u2019ll share what private debt is, and what are the advantages of investing into a private money fund.
Key Points From This Episode:\\xa0
- How Will got into the multifamily business
- What are the different types of loans for real estate investors
- How his company structures loans for borrowers
- The main benefits of investing into a private money fund
- How his company selects the markets that they are lending to
- How he conducts investor relations
- What lessons he learned in the industry
- The one habit that has contributed to his success
Tweetables:
\\u201cThe importance of communication is probably the main skill set.\\u201d
\\u201cWe're kind of a private lender that can do short-term bridge financing on real estate.\\u201d
\\u201cThe main thing we're doing is keeping a very close eye on recent comps.\\u201d
\\u201cWe do have all of our borrowers sign a personal guarantee. And then just making sure that even if it sells for five to 10%, less than what we think it will sell for, the borrower still makes money.\\u201d
\\u201cGet advice and feedback from as many potential future customers as possible before spending any time on building the business or the product or the idea.\\u201d
Links Mentioned in Today\\u2019s Episode:
About Will Coleman
Will Coleman is the Founder and Chief Executive of UrbanGate Capital where he is in charge of operations and investor relations. Prior to this, he worked as the Director of Finance at commercial brokerage firm RAND Commercial Real Estate and a Credit Analyst at City Bank.
Will earned a business administration degree from Liberty University where he has also served as a soccer coach since 2013.
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