Using Debt To Buy Real Estate | Todd Stichler & Paul Cortez E118

The Rich Somers Report

Rich Somers

Business, Investing

5.0 • 1K Ratings

🗓️ 5 December 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich sits down with the Founders of Lendspark, Todd Stichler and Paul Cortez. Lendspark is a national licensed direct lender founded for the sole purpose of supporting the growth capital needs of small, middle market & public companies. Lendspark, founded in 2012, has arranged over $500 million to hundreds of businesses in a wide variety of industries, including Real Estate, Jet Rentals, and Pharmacy Automation. Rich, Todd, and Paul start off by discussing what Lendspark does in the lendi...

Transcript

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0:00.0	But at the end of the day, the most important thing for many investors is, who are you investing with?
0:04.3	What's their track record?
0:05.9	How knowledgeable are they in this space?
0:08.5	Tell me about all the bad deals that have happened.
0:11.2	That's what I want to know about.
0:12.4	Like what deals went wrong, what did you learn from? that's what I want to know about.
0:12.6	Like what deals went wrong, what'd you learn from them, how'd you get out?
0:16.6	Welcome to the Rich Drummers Report where we talk real estate, business, and wealth
0:21.0	building all while keeping it real. No fluff, no BS. I hope that you enjoy the show.
0:30.9	All right guys, welcome to another episode of the report. Today we are back in the studio here in downtown San Diego, and we got another beers and deals meet up tonight down here in San Diego, so super excited about that but more excited about our
0:45.6	guests today we got two very special guests they've actually do a lot of
0:49.7	creative financing they actually just funded a loan a creative loan on one of our boutique
0:54.5	hotel deals and yeah just had the pleasure to have dinner with you guys last
1:00.3	week and super excited that you guys are here I got Todd Stichler and Paul Cortez
1:05.3	welcome to the show. Thank you thanks for having us. Yeah yeah appreciate you guys coming down
1:11.6	You know I was actually surprised before we started
1:14.0	recording tonight that you guys 10% of your lending portfolio was in real estate. I
1:18.6	would have thought it was much more but it's only 10% and you guys do a lot of
1:21.6	creative financing for businesses and in all
1:24.3	different industries. I saw you guys are doing a deal in the aircraft
1:28.3	rental space, but tell me a little bit about what you guys do in the lending
1:32.4	space today as a whole.
	...

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