How Private Lending Helps Real Estate Investors Scale | Daniel Samandarov
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3 speakers1Transcript49 turns · 27 min
At some point in time, you have to jump from one lender to another because they don't all do everything that small balance. Most lenders do one or two things and they do them well. But there's nothing to stop you from being able to do multiple things really, really well. And that's why we built BlueGate. To be able to do all the things that a real estate investor could possibly want to get into, from resi to commercial, flipping to keeping, all asset classes, we executed on a really, really high level. And that whole idea came to me because of my frustration with the current place lenders situation.
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Hello, everyone. Welcome back to Real Estate Pros Podcast hosted by InvestorFuel. I'm your host today, Meghan Escobar, and I have the pleasure of sitting down with a gentleman who is out here doing big things in the lending world. He goes by the name of Daniel Samandarov, and he is one of the founders of Bluegate Capital. So we're going to talk about who his avatar is, what he's doing, where he's marketing his business, and all the things. So I want to thank you, Daniel, for coming on the show.
Thanks for having me.
Absolutely. And for those that might not be familiar with your name or what Blue Gate Capital is doing out here in the lending world, would you mind giving us the 30,000 foot view of what your focus is these days and what areas that you're marketing in?
Sure, I would love to. Blue Geek Capital is a direct private lender that operates across almost every single state in America. We are a small balance agnostic private lender. That means that we're looking to do residential real estate, investment purpose loans, and commercial real estate deals. We do everything from a bridge perspective, which means short duration loans, 12 months, 24 months, 36 months, as well as term loans, which are longer term loans for cash flowing assets. And again, it can be either a bridge loan with rehab, or it could be a term loan, a CMBS loan, a DSCR loan, whatever the customer needs. We have a full array of different types of products for different types of investors.
Nice. One thing that we talked about prior to getting on here was that you guys are pretty much operating throughout the nation. There's a handful of states that you are not operating in. So I want to dive into that and maybe why you don't.
There's a few states that we don't operate in because the legislation for lenders is not good. Like take Minnesota, for example, it's a really, really poor state. for private lenders. There's a lot of barriers. There's a lot of issues. So most of the states that we do not operate in is because of laws that make it
2Episode notes
Daniel Samandarov, one of the founders of private lender and debt fund Blue Gate Capital, joins host Meghan Escobar to explain how his firm serves real estate investors from their first fix-and-flip through ground-up construction and multifamily. He shares why 75 to 85 percent of Blue Gate's business comes from repeat clients, how overnight interest-rate swings forced fast pivots, and how the firm approaches no-doc commercial loans and bailout loans for borrowers other lenders turn away. He also tells the story of running rental-arbitrage units in Manhattan before moving into development and lending, and explains why new investors should get in with the biggest realtor in their market.
Read the full episode notes: https://investorfuel.com/real-estate-pros-show/how-private-lending-helps-real-estate-investors-scale-daniel-samandarov/
Chapters
0:00 Why most lenders only do one or two things well
1:11 Meet Daniel Samandarov of Blue Gate Capital
3:25 Serving investors from first flip to multifamily
4:37 Why 75 to 85% of Blue Gate's business is repeat clients
7:55 What happens when interest rates skyrocket overnight
10:27 90% of purchase, 100% of rehab, and bailout loans
14:02 No-doc commercial loans and what makes a deal fundable
17:50 From New York rental arbitrage to private lending
22:24 Find the biggest realtor in your market
Blue Gate Capital: