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Don’t Mess with Texas, Michael Hoffman - Longhorn III
Manage episode 441589031 series 3462090
Geraci LLP and Kevin Kim에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Geraci LLP and Kevin Kim 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
In this episode of Lender Lounge with Kevin Kim, Mike Hoffman, CEO and Founder of Longhorn Investments, joins Kevin to share his journey into private lending and the growth of Longhorn Investments. Starting from a background in law with no real estate experience, Mike stumbled into the world of hard money lending during the 2008 financial crisis. He shares the origins of Longhorn Investments, its expansion beyond Texas, and the unique challenges of building a successful private lending business. Mike also discusses how the company adapted to market changes, including the decision to start a fund and the impact of institutional competition on their strategy. The conversation dives into the nuances of operating in multiple states, the challenges of raising capital, and the importance of maintaining a solid relationship with investors. Tune in to hear Mike’s insights on navigating the evolving private lending landscape, maintaining discipline, and his perspective on future opportunities.
Bullet Points:
[00:00:37] Introduction of Mike Hoffman and Longhorn Investments.
[00:01:00] Mike’s unconventional entry into the lending industry.
[00:02:11] Early challenges and learning about hard money lending.
[00:03:12] Transition to a fund model and challenges of raising capital.
[00:07:00] Expansion strategy to other states and diversifying investments.
[00:10:02] Evolution of the Texas market and branching into the Midwest.
[00:14:00] Adjusting business strategy to handle increased competition.
[00:21:03] Importance of maintaining investor relationships and discipline.
[00:28:20] Discussion on institutional partnerships and capital raising.
[00:33:57] Mike’s perspective on selling notes and loan servicing.
[00:38:58] The potential and challenges of securitization in private lending.
[00:43:33] Maintaining a single fund strategy versus multiple funds.
[00:47:00] Hiring and team development for scaling a lending business.
[00:52:22] Focus on growth, new products, and strategic planning for the future.
Links:
Learn more about Longhorn Investments at https://www.longhorninvestments.com/
Learn more about Geraci Law Firm at https://www.geracilawfirm.com
Subscribe to the Lender Lounge newsletter for episode notifications and exclusive content at https://www.geracilawfirm.com/lender-lounge-podcast
Subscribe to the Geraci Law Firm newsletter at https://www.geracilawfirm.com/sign-up
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