Welcome to the Money Tree Investing Podcast.

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Hello, Smart Money Tree Podcast listeners. Welcome to this week's show. My name's Kirk Chisholm and I'll be your host. So today, I'm joined with Boris Dorfman. How are you today, Boris?

Good, good. How are you, Kurt?

Good.

Wanted to mix it up a little bit this week.

Talk about one of our favorite whipping boys of an asset class.

Boris, when do you tell us a little bit about your background?

I run a real estate bet fund in California.

Been in business for 20 years. We started in 2003 as a mortgage brokerage,

and we evolved into a lending institution. We do everything, real estate, mostly California, but

also nationwide. That's mostly my expertise. So when it comes to

lending institution, what's that mean? You lend to residential buyers, commercial? What's your thing?

So we're a private lender. We land on commercial property, on commercial loans only. So

residential and commercial, but only for investors. Basically,

whenever the bank don't have time or product, that's when we commit with expensive capital.

I guess for the listeners' sake, is it just kind of like a typical mortgage, or are you just

lending money, or there's some complexity to it or how does that work?

There's actually simplicity to it.

It does look like a regular mortgage, but for a short period of time.

These are bridge loans to get you from point A to point B to bridge between the time you can go to the bank or for, there's a lot of fix and

flippers out there, developers, to give them the money to get their project stabilized and

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