Operate over $20MM of Self Storage. Lender, Army veteran. Partner at Gray Line Investments

Pelham, NY
Joined January 2014
My wife and I selected our family values yesterday. Going to post it somewhere visible in our house. Our main goal is to have children who are good ppl and have agency. We selected: Kindess Integrity Growth Optimism
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Who is the best leasing broker in the Westchester NY area for industrial space?
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I lend on Single family portfolios and MF priced $3.5mm and under. Our pitch is very straightforward - Fairly priced - We do not re-trade - Once we provide a term sheet, we close - We are capable of closing in under a week if we have to rush.
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Fellow NY metro veterans, what would be the most fun environment to host a meetup in 2024?
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One of our borrowers went with another, private lender offering them 6%, interest only, no points, 12 month duration. They are buying a 4 unit MF. Not all markets are efficient.
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Last night my oldest daughter said "dad, can we start a fire and read our bed time stories in front of it?" and it was a whole new level of wholesome
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Close friend of mine is a head of sales at a finch startup. they recently exited and he is looking for his next opportunity. I want to pound the table for him. Who is looking for a great sales leader right now?
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If you have a deal where the lender is acting shaky please reach out to me. There are a lot of private/hard money lenders re-trading people at the finish line right now
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What is the worst thing that a lender has ever done to you? I will go first. I golfed with a loan officer and on the 10th hole he out drove me and looked at me dead in the eyes and said "who is your Daddy, Frank?!"
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Most underrated weekend plan: Get babysitter and walk over to neighbors house for dinner
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Our January data looking like demand is up YoY for self-storage. This is in line with Yardi's report that came out recently. The general theme: "Demand will not be as strong as 2020-2021 but better than 2023."
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To sell a value add deal, brokers sometimes have to sell you on how incompetent the seller is, who is also their client. This is an incredible dynamic
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Our group is currently helping a buyer close on 20 single family homes in the midwest. Really significant deal for this buyer. We do HMLs on fix and flips, SFR portfolios, and multifamily. Lets close deals
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When COVID started, I worked out by myself almost exclusively. 3x other dads in town and I started working out together during the week and it has been a huge boost to morale. Dudes need to hang out with other dudes.
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Do not pay lenders an up front fee to underwrite a deal. Period.
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Lot of discussions over the last week with some people from #retwit with really creative deals. Some are not a fit for our loan business because of the way the deal needs to be structured but great deals nonetheless. Two best ones I saw: 1. Buyer getting keys from a bank 2. Re-zoning play
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My wife @katepacescap just told me she does Bulgarian split squats with 85lb dumbbells and it has completely changed the power dynamic in our home
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It has been less than 48 hours since I let twitter know I am doing lending and I have been exposed to 3 super interesting and potentially amazing deals already. Awesome exposure.
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I have to say, after hunting for and putting deals together for so long, it feels really nice to sell a straightforward service. Enjoying the change up. If you need help funding your project, give me a shout!
I got access to a pool of capital and will be doing some hard money lending while the market is slow. If you have a value add project that needs funding let me know!
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Common mistake when getting a hard money loan. You ask about the interest rate/points but not the admin fees at closing. Some lenders are adding an entire point (1% of loan) to the transaction with their fee load. Do not wait until the day of closing to ask about this!
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