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BridgeLenderGuy

@bridgelenderguy

2,184
Followers
524
Following
220
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3,086
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Former Firefighter (still my true love) | Multifamily & CRE Bridge Lender $350mm Book | Read your loan docs before signing

Joined October 2022
Don't wanna be here? Send us removal request.
@bridgelenderguy
BridgeLenderGuy
1 month
We’re getting closer to the time to build a dream house
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@bridgelenderguy
BridgeLenderGuy
9 months
@UNRWA @UN @UNOCHA @ochaopt @WHOoPt @UNICEFpalestine @UNICEF @UNFPAPalestine @UNESCO @UNGeneva @UN_News_Centre Didn’t Hamas specifically attack civilians in shelters in Israel? @UN you should defund this hypocritical organization
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@bridgelenderguy
BridgeLenderGuy
6 months
Thinking about dropping a powerpoint template for an institutional quality CRE debt OM - anyone interested?
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@bridgelenderguy
BridgeLenderGuy
5 months
Just reviewed a LP capital call - GP is looking for their LP's to come up with capital to repay the *entire loan* and lend to the property at 5%. If an LP fails - they are charging default interest against their share
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@bridgelenderguy
BridgeLenderGuy
2 months
@moseskagan You say you want a fund, you really want a family office
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@bridgelenderguy
BridgeLenderGuy
6 months
@CREdebtlawyer 30% is pretty much the lowest markup an hvac guy will do
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@bridgelenderguy
BridgeLenderGuy
22 days
This is the actual means to Biden’s plan - probably the scariest headline recently for MF owners
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@bridgelenderguy
BridgeLenderGuy
6 months
Help me find a tenant - 65,000 SF industrial building in Little Rock, AR - with 2 acres of parking, 10 docks, 18'+ clear. Can be demised into two suites and I can offer rent far below market and delivered repainted w/ brand new LEDs
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@bridgelenderguy
BridgeLenderGuy
7 months
In the wake of the Walgreens downgrade and risk of STNL deals - I want to introduce you to my favorite investment type. Below market STNL with long term leases - in these deals the downside, often is the upside. When done well, many of these deals have a downside IRR of 20%+,
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@bridgelenderguy
BridgeLenderGuy
21 days
Pro tip: when selling to a syndicator - sign up for their investor emails
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@bridgelenderguy
BridgeLenderGuy
26 days
How are they still buying?
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@bridgelenderguy
BridgeLenderGuy
6 months
We closed! Who’s got a tenant for me?
@bridgelenderguy
BridgeLenderGuy
6 months
Help me find a tenant - 65,000 SF industrial building in Little Rock, AR - with 2 acres of parking, 10 docks, 18'+ clear. Can be demised into two suites and I can offer rent far below market and delivered repainted w/ brand new LEDs
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@bridgelenderguy
BridgeLenderGuy
2 years
@for_yield Don’t spend the bonus till it hits…. A senior broker at my old shop bought a corvette at 85% from a deal that never ended up closing
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@bridgelenderguy
BridgeLenderGuy
3 months
Why is everyone that invests in class B industrial in tertiary markets under 32?
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@bridgelenderguy
BridgeLenderGuy
5 months
@sweatystartup Maybe bring Biden with you?
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@bridgelenderguy
BridgeLenderGuy
5 months
Excited to host tomorrow night’s NYC meetup with Clean & Jeff. Only have two or three more spots open - but we’ve got some good guests from top tier shops including: JPM Midtown Equities KABR Octillo DB Invesco CBRE HKS
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@bridgelenderguy
BridgeLenderGuy
3 months
An institutional firm I do a lot of work with has a rule of thumb on exit cap rates - 25 bps of expansion for every year of projected hold
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@bridgelenderguy
BridgeLenderGuy
9 months
I think I found @realEstateTrent ’s worst nightmare - chick fil a, next to an Amazon warehouse
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@bridgelenderguy
BridgeLenderGuy
5 months
Got a deal this evening from a well known GP that shows they don't know what a YOC is or how to use the IRR function. AMA
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@bridgelenderguy
BridgeLenderGuy
17 days
Long term cap gains is a 20% tax - is a 1031 really worth avoiding this?
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@bridgelenderguy
BridgeLenderGuy
1 month
@CarlMast Back to pre-pandemic prices & volatility is all we need for building costs to actually come down... even zoomed out this is very positive
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@bridgelenderguy
BridgeLenderGuy
5 months
I’ve never seen a better LLC name than Hungry Asset Monster
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@bridgelenderguy
BridgeLenderGuy
2 months
You say you want a fund, you really want a family office
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@bridgelenderguy
BridgeLenderGuy
3 months
Y’all get 2,000 Twitter followers and think you can quit your day job to start a business
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@bridgelenderguy
BridgeLenderGuy
3 months
On a flight to Miami … didn’t make the gala cut, available to drink tequila in anything but a tux all afternoon
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@bridgelenderguy
BridgeLenderGuy
2 months
Getting the IOS bug... just learned of a comp that if I achieve at the one I'm looking at would be a 35% YOC Who wants to join me in some dirt
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@bridgelenderguy
BridgeLenderGuy
7 months
@EllliotttB 70% of the population and 50% of GDP - I’d rather invest in the other 30% of pop that has 50% of GDP
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@bridgelenderguy
BridgeLenderGuy
3 months
How much of a premium should you be getting in order to sign recourse? Should LP’s compensate GP’s for doing so?
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@bridgelenderguy
BridgeLenderGuy
3 months
48 hours ago, @GrulkeLamonte and I were strangers. 48 hours later, we’ve gone for tacos, I’ve met his father in law, transacted with him & I’m extremely tempted to fly him into NYC to gut reno my bathroom This platform has serious power
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@bridgelenderguy
BridgeLenderGuy
9 months
I’m looking for a best in class GP to make LP investments with in the retail & office sectors - who should I be speaking to?
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@bridgelenderguy
BridgeLenderGuy
2 years
At the 1 yard line on a lease with a tenant that I’m excited about, they ask for one final comment - a 60 day notice termination option Any tips @Bethazor1 @creromans
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@bridgelenderguy
BridgeLenderGuy
1 month
Getting closer to quitting my 9-5
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@bridgelenderguy
BridgeLenderGuy
4 months
How many bad real estate investments were borne from not be willing to walk away from sunk costs?
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@bridgelenderguy
BridgeLenderGuy
3 months
Deal update - we gave the building a paint and power wash - upgraded all lights to LED’s and replaced the dock bumpers & signed a lease! Who wants to come for the journey for the other two buildings?
@bridgelenderguy
BridgeLenderGuy
6 months
Help me find a tenant - 65,000 SF industrial building in Little Rock, AR - with 2 acres of parking, 10 docks, 18'+ clear. Can be demised into two suites and I can offer rent far below market and delivered repainted w/ brand new LEDs
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@bridgelenderguy
BridgeLenderGuy
6 months
@chernobelskiy @investing_law this is what I’ve been telling you guys
@ChaseBanta
Chase Banta
6 months
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@bridgelenderguy
BridgeLenderGuy
8 months
@UN @UNICEF Except Jewish children
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@bridgelenderguy
BridgeLenderGuy
7 months
My list is going to be even smaller - and less exclusive - 2/8 if you’re interested in hanging out w/ @CREdeallawyer & @JeremyGlantz more to be announced soon
@realEstateTrent
StripMallGuy
7 months
Hope everyone had a nice New Years, and looking forward to many new conversations on here, and new real life relationships in 2024 🙌 Wanted to share some thoughts on the gala 🙏 I'll start by saying how thankful I am for the thousands of requests, many of which have come from
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@bridgelenderguy
BridgeLenderGuy
7 months
Retwit meetup tomorrow night at Hackensack Brewing - with @CREdeallawyer @DChovnick @SamIAmtheREMan @multifamilydan (not to be confused w/ constantraise) and some good hopefuls including @MarcSGilbert and @PromoteJunkie - shoot me a DM if interested
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@bridgelenderguy
BridgeLenderGuy
7 months
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@bridgelenderguy
BridgeLenderGuy
6 months
Would you hire a leasing broker that texts with green bubbles?
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@bridgelenderguy
BridgeLenderGuy
3 months
Goal is to make 30 cold calls before I’m 30
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@bridgelenderguy
BridgeLenderGuy
5 months
Advise to GP's: If you don't want LP's to publicly💩 on you Don't publicly 💩 on them
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@bridgelenderguy
BridgeLenderGuy
2 months
Some big personal news coming soon, might need to change my handle too…
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@bridgelenderguy
BridgeLenderGuy
2 years
I recently closed on the acquisition of a 70,000 sf center, 3 buildings, 1 retail, 2 flex industrial, 20 tenants. I’ve learned a lot following #retwit over the past 18 months, planning on documenting the journey here 1/4
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@bridgelenderguy
BridgeLenderGuy
6 months
If you grind your lender down for every bps - your loan will be a mid on profitability and credit issues will be scrutinized more
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@bridgelenderguy
BridgeLenderGuy
8 months
🚩🚩🚩 I see in LP decks 1. Being a member of Forbes Real Estate Council (it is 100% pay to play) 2. Using a Click Funnel If a GP has both - they most likely have less than 3 years real estate experience & are advertising some combined [ridiculous] year count 🚩
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@bridgelenderguy
BridgeLenderGuy
3 months
What is a syndication?
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@bridgelenderguy
BridgeLenderGuy
6 months
@therepeguy Real Estate 201 Stabilized Yield on Cost > Market Cap Rates = Make money Stabilized Yield on Cost < Market Cap Rates = Lose money Stabilized Yield on Cost = Market Cap Rates = Waste of time (unless your are a capital allocated making AM fees)
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@bridgelenderguy
BridgeLenderGuy
6 months
🚨🚨🚨 - join some of your favorite institutional and entrepreneurial retwit friends for drinks & bites in NYC next Wednesday Including @CleanTo2ndLien @JeffFeldman_ @aussieflya and more
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@bridgelenderguy
BridgeLenderGuy
5 months
Homeless mess out - ready for a tenant!
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@bridgelenderguy
BridgeLenderGuy
2 months
My rubber mallet friend should be happy he isn't a balance sheet bridge lender, I see 3 of these week and the sponsors are often worse than the deals
@mu2myoc
m. stanfield
2 months
Today, I got the worst pitch I’ve heard in at least a year - 70s built multifamily - tertiary market - “basis play” - “just increase rents 20%” - seller financing available - 800 units - 3.43 cap on in place - several shootings Alright alright alright 🤙
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@bridgelenderguy
BridgeLenderGuy
7 months
Thought of a fun idea - I have a small deal in need of a refinance - would love to retwit an inside look on the refinance - deal profile, lender list, Q&A, and quote matrix live over the next few weeks of the process. Y'all interested? & mortgage brokers - if there is a lender
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@bridgelenderguy
BridgeLenderGuy
7 months
I'll be honest never thought I'd get to 999 followers but have had a lot of fun meeting all sorts of cool people here - who's going to push me over the line?
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@bridgelenderguy
BridgeLenderGuy
5 months
You've been in business less than 24 months.... sure
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@bridgelenderguy
BridgeLenderGuy
23 days
POV: $10k a unit in an Arbor bridge loan
@pmcafrica
Peché Africa 🇿🇦
24 days
the "I know a guy" 👀
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@bridgelenderguy
BridgeLenderGuy
1 year
@wendoverpro Sam - am I seeing things or does every single Wendover video have at least 1 video clip of Israel?
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@bridgelenderguy
BridgeLenderGuy
4 months
Who wants to get together next Thursday in Miami for some Passover friendly tequila and real estate talk?
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@bridgelenderguy
BridgeLenderGuy
2 months
In the sub $5mm transaction space, sometimes it feels like people leave money on the floor Other times it feels like the headache isn't worth it
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@bridgelenderguy
BridgeLenderGuy
11 months
@CREdebtlawyer Sneakers for $75k a pair?!?
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@bridgelenderguy
BridgeLenderGuy
7 months
I’m getting a little jealous of my friend PI - if this gets 100 likes I’ll share my townhome (up to 10 unit) development model. 100 retweets and you get my industrial STNL model
@privateinequity
Paul W. Swaney III
7 months
LBO MODEL!!! GUYS! WE GOT 285 REQUESTS! WE BROKE FKN TWITTER OUR SMM CAN'T SEND LINKS ANYMORE! WE'RE LOCKED HERE IS THE MODEL pw: jtg thanks for supporting! keep reposting to support our mission WILL BE OPEN FOR 6 HOURS!!!
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@bridgelenderguy
BridgeLenderGuy
2 months
Floats to prime in a year - get after it
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@bridgelenderguy
BridgeLenderGuy
3 months
1,600 followers… expect me to be active the next couple weeks as we try to hit 2k. A few spaces and events in the works too.
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@bridgelenderguy
BridgeLenderGuy
29 days
Was really hoping to take a client - but this will be aight
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@bridgelenderguy
BridgeLenderGuy
8 months
Idk about you, but I feel like @JeffFeldman_ single-handedly saved the 10-year
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@bridgelenderguy
BridgeLenderGuy
14 days
Wowza - the only outperformance is fees
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@bridgelenderguy
BridgeLenderGuy
1 month
I know a broker who bought a Porsche 911 before the deal closed I know a senior broker who bought one at a discount when it didn’t close
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@bridgelenderguy
BridgeLenderGuy
2 months
Seeing all of these super positive posts about @ReconveneLA & @SideHustle_LP has urged me to come. Is there a kosher track for the meals, which sounds like where all the magic happens?
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@bridgelenderguy
BridgeLenderGuy
7 months
Those cap rates could use compression socks
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@bridgelenderguy
BridgeLenderGuy
2 months
The quality of my Twitter followers is ridiculously high. I sometimes can't believe the DM's I get, and even more why my colleagues aren't here.
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@bridgelenderguy
BridgeLenderGuy
1 year
@TripleNetInvest I worked like a dog for a few year (80+ hours a week) for a top broker, under-paid like crazy, treated like a mutt, but made great connections and copied the strategy of one of our smartest clients in a flyover state vs. Tristate area
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@bridgelenderguy
BridgeLenderGuy
9 months
If you are an office user, now might be the best time to buy your own building
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@bridgelenderguy
BridgeLenderGuy
7 months
Was a great time! Thanks for everyone that came out. Learned some good tricks of the trade from @MarcSGilbert & loved hearing about @jonwei8 ’s new business We’ve got a seat saved for @JeffFeldman_ for V2 in early Feb
@JeremyGlantz
Jeremy Glantz
7 months
Great turnout on short notice for @bridgelenderguy 's get-together. This is most of the 12 who showed. Gotta get @ShlomoChopp next time, and I know that @aussieflya has aching FOMO looking at this!
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@bridgelenderguy
BridgeLenderGuy
2 months
@skylarromines A golden rule in life is to not be offended by people from Detroit or Cleveland
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@bridgelenderguy
BridgeLenderGuy
6 months
I’m betting on a hike before a cut
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@bridgelenderguy
BridgeLenderGuy
2 months
When you’ve refreshed a tweet 1000 times and still only have 180 views
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@bridgelenderguy
BridgeLenderGuy
5 months
Wait … wtf just happened to title insurance?
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@bridgelenderguy
BridgeLenderGuy
4 months
There is no bigger 🚩than a sponsor being on the Forbes Real Estate Council
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@bridgelenderguy
BridgeLenderGuy
11 months
@chernobelskiy The mortgages are almost always pooled in RMBS trusts, if it was owned by your local very strong arguement that they’d give you a discount.
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@bridgelenderguy
BridgeLenderGuy
7 months
The Deal 50,000 square foot warehouse, purchased vacant in August, with expensive, low-leverage debt. We thought we had a GSA in tow (live model below). But the lease contract stood on their desk for more than 4 months waiting to be signed. Finally, while I was going through a
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@bridgelenderguy
BridgeLenderGuy
7 months
Thought of a fun idea - I have a small deal in need of a refinance - would love to retwit an inside look on the refinance - deal profile, lender list, Q&A, and quote matrix live over the next few weeks of the process. Y'all interested? & mortgage brokers - if there is a lender
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@bridgelenderguy
BridgeLenderGuy
1 year
@redwood_ryan_a Lenders don’t want to own properties…never works out as well as it looks on paper
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@bridgelenderguy
BridgeLenderGuy
1 month
Thinking of buying a small self storage from a distressed (syndicator) seller, please talk me out of this
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@bridgelenderguy
BridgeLenderGuy
3 months
Dropped the great @JWurzak ’s name at check in and got a great upgrade
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@bridgelenderguy
BridgeLenderGuy
6 months
@chernobelskiy I like buying functional but ugly warehouses at a significant discount to replacement cost, cleaning them up and renting them out at high rental rates
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@bridgelenderguy
BridgeLenderGuy
1 month
Presidential driving contest
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@bridgelenderguy
BridgeLenderGuy
3 months
Just reviewed a Red Lobster deal with a rent of $550,000 annual rent in a tertiary market - AMA
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@bridgelenderguy
BridgeLenderGuy
22 days
The number one thing to understand - if you want to understand the US multifamily market is how much the US gov’t subsidizes it - with subsidies eventually comes regulation or end of subsidies
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@bridgelenderguy
BridgeLenderGuy
2 years
@realEstateTrent This gets real nasty when you start with a 3 cap 😂
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@bridgelenderguy
BridgeLenderGuy
2 years
@MultifamilyMad Work smarter not harder - transferred the points to Avianca, flew business class round trip to Zurich for 60,000 points on Swiss air
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@bridgelenderguy
BridgeLenderGuy
7 months
It's kind of strange that GP's provide less information to their LP's than they do to their Lender - I think a PFS & Liquidity statement are fair game for an LP to see from the person backstopping a deal - along with making reps about their personal history
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@bridgelenderguy
BridgeLenderGuy
8 months
@realEstateTrent Guy I know owns 20+ mixed use buildings in Brooklyn (including the one his pizza shop is on the ground floor is on) still cleans the tables and runs the cash register
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@bridgelenderguy
BridgeLenderGuy
1 month
Every office building in the country is currently listed below replacement cost
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@bridgelenderguy
BridgeLenderGuy
3 months
I’ve read nearly 100 books this past month here are my top recommendations: - The Book with No Pictures 🌆 - The Very Hungry Caterpillar 🐛 - Dear Zoo 🐒🦍🐼 - Never Touch a Dinosaur 🦕 - Real Estate 🏡 With My Daddy
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@bridgelenderguy
BridgeLenderGuy
7 months
Date & Venue confirmed for the next one (2/8). Will try to keep it small and intimate like last time & leading off with 20 min fireside chat from a serious CEO Saving you a seat @JeffFeldman_ @aussieflya and @bobbyfijan
@JeremyGlantz
Jeremy Glantz
7 months
Great turnout on short notice for @bridgelenderguy 's get-together. This is most of the 12 who showed. Gotta get @ShlomoChopp next time, and I know that @aussieflya has aching FOMO looking at this!
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@bridgelenderguy
BridgeLenderGuy
3 months
This is going to turn into a meme very quick
@AvivaRealEstate
Aviva
3 months
Learn how real estate syndication fees work
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@bridgelenderguy
BridgeLenderGuy
3 months
Land seller sent me an appraisal to justify the price he wants me to pay. Someone tell him
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@bridgelenderguy
BridgeLenderGuy
3 months
@PinkProfit lol it isn’t just wait till the battery runs out
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@bridgelenderguy
BridgeLenderGuy
6 months
Packing for an industrial site visit
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@bridgelenderguy
BridgeLenderGuy
1 year
@shawngorham 👏👏 I’ll finance the trucks
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@bridgelenderguy
BridgeLenderGuy
5 months
@aussieflya @SamIAmtheREMan Dude - I literally bought out a plumbing supply house - want some pipes and fittings?
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@bridgelenderguy
BridgeLenderGuy
7 months
@mu2myoc Don’t forget the Meridian brokers
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