blg-attends-fortieth-hard-money-conference

Bridge Lending Group Attends the 40th National Hard Money Conference

Private lenders from across the country came to Las Vegas on June 2, 2016 for the Pitbull Hard Money Lending Conference. Bridge Lending Group LLC was a VIP attendee this year and met with several industry leaders to learn more about best practices and strategies for managing a private real estate lending fund.

Leonard Rosen and his hand selected short list of sponsors continue to unselfishly share their wisdom and experience with lending professionals who are transitioning their businesses over as newer fund managers to help them take their businesses to the next level. For example, from one of Leonard’s sponsors with a 10 year track record as a fund manager with over 30MM in loan and real estate assets under management, we learned about the value for new funds to offer the option of a C share so that investors can participate in a specific transaction with a shorter duration to demonstrate the performance rather than have a longer term commitment inside of a specific fund.

While the more traditional  B class shares offer investors better diversification across several loan transactions in the event of a default, the C share can have the benefit of having a new investor become more comfortable with investing in this highly stable alternative fixed income asset class. Following the conference, we contacted our General Counsel, Chris Walker at Brennan, Manna and Diamond, LP in Jacksonville, FL who promptly researched this topic for us along with a Reg S overlay that we also learned about from another presenting fund manager so that we can market to and accept foreign investors into the Fund. Chris consulted with specialists inside of his firm and we were able to quickly add these valuable features to our Fund prior to marketing it to the public.

The conference proved to be an invaluable educational event and networking opportunity for us as lenders in the private real estate lending industry. This is Leonard Rosen’s 39th event and lived up to its promise and brought many of the industry’s top participants together.

For more information on our Fund contact:

Glenn Geraci, CEO and Fund Manager

Bridge Lending Group LLC

904-495-3374

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