kyle o’hehir

a picture worth a few thousand points of IRR

something you can't see behind monitors in midtown: the numbers in the spreadsheet aren't set in stone, you can do stuff IRL to move them

the fi thruple

@MaguireRealEst @SinaiLawFirm hard to make a business out of not paying your attorneys i have seen some guys try it though

@financeguy725 @SinaiLawFirm Sounds like a great business opportunity

Dropping the casual “you know your client’s former lawyer is suing him for unpaid fees right?” mid conversation with OC It’s the small things for me

@CaseyMericle i can bid without addresses, you just might not like it...

@financeguy725 Sometimes that line is so fine you can’t see it I’ve had this exact thing happen before So bruh you want me to guess?

Buying loans is as much about counterparty education as it is about underwriting real estate People think a dumb counterparty is an opportunity, but there’s a fine line between dumb and too dumb to transact Once, I had a lender send me a loan tape with ~20mm of commercial loans they wanted to sell me After a quick review, I noticed the addresses were missing Clearly, an oversight! “Can you update w addresses for the collateral?” “Uh, no actually. We can’t tell you the addresses” “Oh, uh haha ok, but we’re under NDA so” “Doesn’t matter, we won’t tell you” this is the kinda shit we hack our way through every day

@Roth_Overlord it's usually better to have sophisticated debtors to be honest

@financeguy725 You’re not more wary of dealing with more sophisticated investors on the larger loans than unsophisticated investors on the smaller loans? How do you look at it? ( in terms of legal tactics and delays other side will use? )

We’re deal size agnostic have paid from 350k to 75mm in the last 18 months for non-performing loans That’s a big range But if a deal is small it’s gotta be easy Big deals can be easy or hard

Buying loans is as much about counterparty education as it is about underwriting real estate People think a dumb counterparty is an opportunity, but there’s a fine line between dumb and too dumb to transact Once, I had a lender send me a loan tape with ~20mm of commercial loans they wanted to sell me After a quick review, I noticed the addresses were missing Clearly, an oversight! “Can you update w addresses for the collateral?” “Uh, no actually. We can’t tell you the addresses” “Oh, uh haha ok, but we’re under NDA so” “Doesn’t matter, we won’t tell you” this is the kinda shit we hack our way through every day

Buying loans is as much about counterparty education as it is about underwriting real estate People think a dumb counterparty is an opportunity, but there’s a fine line between dumb and too dumb to transact Once, I had a lender send me a loan tape with ~20mm of commercial loans they wanted to sell me After a quick review, I noticed the addresses were missing Clearly, an oversight! “Can you update w addresses for the collateral?” “Uh, no actually. We can’t tell you the addresses” “Oh, uh haha ok, but we’re under NDA so” “Doesn’t matter, we won’t tell you” this is the kinda shit we hack our way through every day

when she gets a bit older

future senator

@anotherbearcap In HCOL areas the amenities are a roof and walls

This is a 4k/mo complex in HCOL areas.

can this scale to 1 bn aum? you got 1 bn to invest? no

@neilsaidwhat lots of people assuming there’s gonna be a next administration…

@financeguy725 This shit will likely be taken down day 1 of next administration. Possibly before the movers are done.

One time, I evicted a lady who had more animals in her apartment than the Bronx zoo She had live laugh love stickers on her wall in the same font Barely legible thru a coating of dust, cat piss, and dog shit

@jamesonhaslam ur boy is a shit interior designer

@financeguy725 where’s the downvote button

@GaryMey46030592 It can look worse that this yes

@financeguy725 So you’re saying it looks great without the animal excrement?

@StructuredFin1 Sure, as long as they don’t do a fraudulent conveyance or bring a TRO or file bk

@financeguy725 If u get the borrowers equity pledge isn’t it just a quick UCC foreclosure and u have the asset

HOW NOT TO ASSET MANAGE today, we're starting a new series of things you can do as a creditor to make a bad loan worse here's a simple situation: your debtor is in default (or about to be) and they ask for help you provide help, but get nothing in return HUGE MISTAKE 🧵👇

@StructuredFin1 Mixed as in it may or may not succeed in getting you control 😞

@financeguy725 Mixed how so? Just pissing off the borrower?