Squid Game is back—and this time, the knives are out. In the thrilling Season 3 premiere, Player 456 is spiraling and a brutal round of hide-and-seek forces players to kill or be killed. Hosts Phil Yu and Kiera Please break down Gi-hun’s descent into vengeance, Guard 011’s daring betrayal of the Game, and the shocking moment players are forced to choose between murdering their friends… or dying. Then, Carlos Juico and Gavin Ruta from the Jumpers Jump podcast join us to unpack their wild theories for the season. Plus, Phil and Kiera face off in a high-stakes round of “Hot Sweet Potato.” SPOILER ALERT! Make sure you watch Squid Game Season 3 Episode 1 before listening on. Play one last time. IG - @SquidGameNetflix X (f.k.a. Twitter) - @SquidGame Check out more from Phil Yu @angryasianman , Kiera Please @kieraplease and the Jumpers Jump podcast Listen to more from Netflix Podcasts . Squid Game: The Official Podcast is produced by Netflix and The Mash-Up Americans.…
A podcast about private mortgage lending for residential and commercial real estate investors. It's also known as "hard money lending" or "bridge lending." Most of it is short-term financing with terms less than 2 years, but we also cover long-term loans. We focus on loan origination but also share insights about the capital side of the business.
A podcast about private mortgage lending for residential and commercial real estate investors. It's also known as "hard money lending" or "bridge lending." Most of it is short-term financing with terms less than 2 years, but we also cover long-term loans. We focus on loan origination but also share insights about the capital side of the business.
Rocky Butani interviews Dave Orloff, CEO of American Heritage Lending for an in-depth discussion on DSCR (Debt Service Coverage Ratio) loans. They explore current market trends in mid-2025, interest rate volatility, updated loan guidelines, and what makes AHL’s DSCR program stand out — including high LTV options, 40-year loan terms, fee stacking, and their approach to short-term rentals and multifamily properties. Whether you're a broker, investor, or lender, this episode offers practical insights into one of the most popular loan products in private mortgage lending today. Visit American Heritage Lending's profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/amercian-heritage-lending/?utm_source=lender-link-podcast This interview is Episode #17 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/…
Yieldi's principals, Joe Ashkouti and Josh Lloyd, spoke with Rocky Butani to talk about bridge loans for commercial and residential investment properties, their lending guidelines, the company's unique capital structure, and more. Visit Yieldi's profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/yieldi/?utm_source=lender-link-podcast This interview is Episode #16 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/ 00:00 Welcome and Intro 00:40 Market Trends 2025 01:45 Company Growth 03:00 Land Loan Demand 04:30 Market Insights 06:00 Conservative Lending 07:00 Bridge to Bridge Loans 08:30 Free and Clear Deals 09:30 Cash Out Strategy 10:30 Foreclosure Bailouts 12:00 Loan Volume Growth 13:30 Commercial vs Residential 14:30 Geographic Breakdown 15:10 Lending Guidelines 17:00 Loan Sizes and LTV 19:00 Luxury Home Bridges 20:30 Consumer Bridge Loans 21:30 Land Loan Examples 25:00 Land Underwriting 27:30 Cross Collateral Loans 30:00 Special Use and Hotels 31:30 Foreign National Loans 33:00 Rehab and Fix and Flip 35:00 Commercial Value Add 36:30 Valuation Approach 38:00 Site Visit Process 40:00 Company Background 42:00 Capital Structure 44:30 Lending Regions 46:00 Georgia Lending 48:00 Municipal Issues 50:30 Final Thoughts…
Solomon Suleymanov, Partner and Director of Originations at We Lend LLC, spoke with Rocky Butani to talk about private/hard money lending in the New York City metro area. Visit We Lend’s profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/we-lend-llc/?utm_source=lender-link-podcast This interview is Episode #15 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/ 00:00 Intro 01:06 NYC Market Overview 02:12 Rehab and Conversion Trends 03:55 Deal Example 05:52 Why Convert Townhouses 06:57 Manhattan vs Brooklyn 08:26 Brooklyn Price Insights 09:43 Long Island Projects 10:56 Tariffs and Inflation 12:03 Investor Activity 12:40 Loan Types 14:11 Ground Up Construction 15:45 Shovel Ready vs Raw Land 17:02 Foreclosure Bailouts 19:45 Bailout Case Study 22:40 DSCR in NYC 25:59 Multifamily Lending 27:32 Interest Rates 29:19 Rehab Loan Terms 30:41 About We Lend 33:56 Founder Background 35:36 Capital Structure 38:50 Loan Servicing 41:28 Squatter Challenges 44:54 Payment Deferrals 46:00 NYC vs Long Island 47:40 Westchester and NJ 50:15 Southern NJ Markets 52:44 NJ Foreclosures 54:02 Final Thoughts 55:33 Outro…
Jack Miller, President of Gelt Financial, spoke with Rocky Butani to talk about hard money loans for small commercial properties, their unique lending guidelines, the company's long history, and more. Visit Gelt’s profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/gelt-financial/?utm_source=lender-link-podcast This interview is Episode #14 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/ Check out Gelt Financial’s YouTube channel for educational content about hard money lending: https://www.youtube.com/@GeltFinancialLLC 00:00 Intro 01:38 Market Trends 03:31 Bank Tightening 06:05 Gelt's Flexibility 07:07 Loan Guidelines 09:18 Fees and Appraisals 12:39 Where Gelt Lends 13:22 Property Types 14:43 Retail and Multifamily 16:05 Foreclosure Bailouts 18:33 Foreign Nationals 20:13 Defaults and Workouts 22:35 HOA and Condo Loans 25:00 UCC Liens 27:24 Non-Recourse Loans 30:36 Fractional Ownership 31:41 JV Deals 36:12 JV Risk Approach 37:14 Company Overview 39:19 Fast Closings 40:31 Cross Collateral 42:45 Capital Structure 46:50 Loan Servicing 50:24 Buying Loans 52:16 Long-Term Borrowers 55:01 Borrower Feedback 55:45 Market Focus 58:02 State Challenges…
Briana Hildt, Co-Founder and CEO of Cardinal Capital Group, shared some insights about private lending in New England, the state of the market, their lending guidelines, the company's growth over the past few years, and nuggets about each of the different metro areas in the region. Visit Cardinal's profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/cardinal-capital-group/?utm_source=lender-link-podcast Connect with Briana on LinkedIn: https://www.linkedin.com/in/briana-hildt/ This interview is Episode #13 of the Private Lending Insights Podcast with Rocky Butani: https://podcast.privatelenderlink.com/ 00:00 Introduction 01:46 Focus on New England 03:54 2025 Market Outlook 05:42 Investor Sentiment 08:32 Cardinal Growth 09:50 Breaking into Boston 13:32 Competing with Banks 16:41 Flexible Lending 18:45 Mid-Project Refis 22:56 Rehab Loan Guidelines 27:47 New Investors 30:20 Interest Reserves 35:26 Property Types 38:03 Geographic Focus 41:45 Offices and Team 44:00 Capital Structure 45:59 Client Onboarding 47:45 Connecticut Expansion 49:43 Lending in NH RI ME 54:00 Rhode Island Deals 57:55 Providence and Newport 58:45 Final Thoughts…
Jon Hornik spoke with Rocky Butani to share his thoughts on the trade war’s impact on the private lending industry as of late April 2025. He also shared insights about the National Private Lenders Association (NPLA). Hornik serves as the Founder, Executive Director, and General Counsel of the NPLA. In addition, Hornik is the Managing Partner and Chair of the Private Lender Law Group at LaRocca Hornik Greenberg Kittredge Carlin & McPartland LLP. His firm represents over 100 nationwide lenders, originators, and investors, including top Wall Street banks and private equity firms. Jon Hornik is also the Mayor of Marlboro Township, New Jersey. Visit Private Lender Law’ profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/private-lender-law/?utm_source=lender-link-podcast Connect with Jon Hornik on LinkedIn: https://www.linkedin.com/in/jonathan-l-hornik-esq-6620509a/ This interview is Episode #12 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/ 00:00 Intro to Jon Hornik 01:21 Running NPLA Law Firm and a Town 02:07 Lending Market Update 03:44 Trade War Impact on Lending 07:35 Opportunity in Uncertainty 08:55 Securitization Market Outlook 10:13 NPLA Crisis Response 11:55 Industry Sentiment and Collaboration 13:20 Rising Costs and Layoffs 15:13 Tariffs and Construction Costs 17:01 Trade Policy Concerns 18:21 Sponsor Message 19:15 NPLA Meetings Explained 21:04 Meeting Format and Insights 23:35 NPLA Member Benefits 27:01 Membership Pricing 29:37 Mentorship and Collaboration 30:18 NPLA Conferences Overview 33:29 Why Atlantic City Works 35:35 Scottsdale Conference Preview 37:51 Conference Locations 38:51 Conference Agenda 40:32 About Private Lender Law 42:29 Closing Thoughts 43:31 Host on NPLA Membership…
Andres Saias, Chief Lending Officer at RBI Private Lending, spoke with Rocky Butani to share some insights about their growth in the past few years, their national expansion, and what's happening in Florida. Visit RBI's profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/rbi-mortgages/?utm_source=lender-link-podcast Connect with Andres on LinkedIn: https://www.linkedin.com/in/andres-saias-22b04a97/ This interview is Episode #11 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/ 00:00 Intro and Guest Overview 01:27 Market Trends Q1 2025 02:45 Expanding Beyond Florida 03:30 Tariffs and Investor Sentiment 04:40 Material Costs and Inventory 05:40 Treasury Rates and Capital 07:15 Securitizations and Rate Outlook 08:15 Loan Volume Growth 10:09 Borrower and Team Growth 11:59 Loan Types Overview 13:24 RTL Breakdown 16:36 Fix and Flip Strategy 20:56 Foreign National Lending 24:52 Construction Loan Terms 26:47 Large and Luxury Loans 29:42 Expansion Markets 31:05 Company History 36:43 Team and Operations 38:14 Growth Plans 40:27 Florida Market Overview 42:21 Why New Construction 43:47 Investor Shift from Florida 45:32 Inventory and Values 47:27 Risks in 2025 48:26 Condo Market 49:56 Florida Hot Markets 51:03 Jacksonville and Panhandle 52:26 Wrap-up and Contact Info…
Kevin Kim, securities attorney and partner at Geraci LLP, spoke with Rocky Butani to share some insights about private mortgage funds and the secondary market for private lending in early 2025. Kevin specializes in fund formation and has assisted tons of private lending companies with securities and capital raising legal matters. Visit Geracis profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/geraci-law-firm/?utm_source=lender-link-podcast Connect with Kevin Kim on LinkedIn: https://www.linkedin.com/in/kevinkimesq/ This interview is Episode #10 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/ 00:00 Introduction 00:49 Guest Intro Kevin Kim 01:41 2024 Market Trends 03:20 Raising Capital Overseas 04:14 Post Election Sentiment 06:12 Investor Misconceptions 08:25 Balance Sheet Lending 10:23 Why Choose a Fund 12:53 Trends Since 2020 14:53 Non Conforming Loans 16:45 Secondary Market Shifts 18:56 Why You Still Need a Fund 19:48 Structuring for Foreign Capital 21:52 Where Investors Are Coming From 23:48 Offshore Investor Returns 25:10 Rise of Regional Lenders 27:08 Lending Across States 28:50 Bank Credit Line Trends 31:18 Switching to Debt Funds 33:03 2025 Market Predictions 36:24 Will There Be Enough Deals 38:30 Looser Terms and Risk 41:00 Real Volume vs DSCR 42:20 DSCR Funded Loans 44:27 Final Thoughts and Events…
Charlie Einsman, Co-Founder of Clear Sky Financial spoke with Rocky Butani to share some insights about real estate investing and lending in the DMV region (DC, Maryland, Virginia). Find out what's happening with real estate in each of the 3 states (2025 Q1), learn about Clear Sky's unique lending program for real estate investors, and more. Visit Clear Sky's profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/clear-sky-financial/?utm_source=lender-link-podcast This interview is Episode #9 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/ 00:00 Intro & Guest Overview 00:43 DMV Market Snapshot 01:46 Northern Virginia Trends 02:48 DC Market Challenges 04:18 Maryland Market Overview 05:09 Lending by Neighborhood 06:13 Central Virginia Outlook 07:53 Fredericksburg Heat Map 09:02 DC Office Space Collapse 11:03 Reviving Downtown DC 12:07 Hot DC Neighborhoods 12:53 Baltimore Insights 14:12 Lending in Low-Value Areas 16:21 First-Time Buyer Programs 18:09 Investing in Annapolis 19:49 Gaithersburg to Frederick 21:48 Buy & Hold Criteria 23:25 Why Rentals Don’t Cash Flow 26:04 Clear Sky Loan Program 29:10 Flexible Lending Approach 30:56 Vetting New Investors 32:38 Liquidity & Cash at Close 33:56 Pre-Draw Funding Explained 35:22 Draw Process & Inspections 36:42 Rates, Points & Flexibility 38:42 Extensions & Loan Terms 40:24 Lending to Foreign Nationals 42:47 Foreclosure Scenarios 44:48 Loan Amount Ranges 46:15 Regional vs. National Lenders 47:39 Fees & Speed to Close 49:59 Meet the Clear Sky Team 51:31 How They're Funded 54:07 2025 Market Forecast 56:07 Tech Driving Demand 57:09 Final Thoughts & Contact Info…
Jeff Tesch, CEO of RCN Capital spoke with Rocky Butani to share some insights about a variety of topics in private lending: 2024 loan volume, interest rates, insurance challenges, multifamily financing, 2025 predictions, RCN's wholesale program and more. RCN is mostly a wholesale lender serving loan originators, and they have a small retail division which is around 15% of their total loan volume. Around 75% of their lending is DSCR long-term rental loans and 25% is bridge loans, including fix & flip and ground-up construction. Visit RCN's profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/rcn-capital/?utm_source=lender-link-podcast This interview is Episode #8 of the Private Lending Insights Podcast: https://podcast.privatelenderlink.com/…
Rocky Butani provides a report about private lending and Lender Link: thoughts about 2024, predictions for 2025, updates on our podcast, a few new lenders that were recently added to PrivateLenderLink.com, our new AI project and industry conferences. Visit this page on our website to see a list of all the private lending conferences in 2025: https://pllk.io/evpl.…
In the 6th episode of the Private Lending Insights Podcast, Rocky Butani interviewed Marc Rouda and Alexis Rouda from Security Financial Services to learn all about private lending in Northern California. They talked about their loan program, Bay Area private money trends, tenants in common deals in San Francisco and more. The company was established in 1943 and is based in San Francisco. Visit Security Financial Services’ profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/security-financial-services/?utm_source=lender-link-podcast Connect with Marc Rouda on LinkedIn: https://www.linkedin.com/in/marc-rouda-60174/ Connect with Alexis Rouda on LinkedIn: https://www.linkedin.com/in/alexis-rouda-18738b23/…
In the 5th episode of the Private Lending Insights podcast, Rocky Butani interviewed Jeremiah Wiedman and Erik Brown from Center Street Lending to learn all about ground-up construction for residential investment properties and small multifamily properties throughout the United States. We talk about trends in 2024-2025, requirements to get a loan, the pricing structure, costs, draw process, ADU building and additions in California and more. Visit Center Street's profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/center-street-lending/?utm_source=lender-link-podcast Connect with Jeremiah Wiedman on LinkedIn: https://www.linkedin.com/in/jeremiah-wiedman-47b16533/ Connect with Erik Brown on LinkedIn: https://www.linkedin.com/in/erik-brown-07505196/…
In the 4th episode of the Private Lending Insights podcast, Rocky Butani interviewed John Santilli from Rehab Financial Group to learn all about their 100% financing loan program for residential real estate investors. We go in-depth to cover all the requirements, the pricing structure, costs, draw process and much more. Visit RFG's profile on PrivateLenderLink.com to learn more and to contact them: https://privatelenderlink.com/profile/rehab-financial-group/?utm_source=lender-link-podcast As of January 2025, Rehab Financial Group lends in 18 states: AL, CT, DE, FL, GA, IN, KY, MA, MD, MO, NC, NJ, OH, PA, SC, TN, TX, VA. They do not lend in Cleveland or Baltimore. The property must be a residential investment property (1-4 units) situated in a metropolitan area. Rural locations will not be considered. They require borrowers have to a minimum FICO score of 650. Experience is not required.…
Rocky Butani interviewed Jennifer Young, Partner at Geraci LLP, to learn which states require a licensed to originate private mortgages (aka hard money loans) secured by investment real estate. Geraci LLP is the largest law firm in the United States for private lending and offers a variety of legal services - compliance, licensing, securities law, fund formation, loan documents, litigation and more. Visit Geraci's profile on PrivateLenderLink.com to learn more about their services: https://privatelenderlink.com/profile/geraci-law-firm/?utm_source=lender-link-podcast 00:00 Intro 00:40 Guest Intro 01:20 Why Licensing Matters 02:00 States Requiring All Licensing 02:40 States Requiring Residential Licensing 03:40 Broker vs Lender Rules 04:20 North Carolina Notes 05:10 California Licensing 07:00 CFL vs DRE 09:30 Nevada Licensing 12:00 Nevada Qualified Employee 13:45 Arizona Licensing 15:05 Broker Compensation Limits 16:50 Oregon Licensing 18:20 Lending in Oregon 19:00 Idaho Licensing 20:20 Utah Licensing 21:30 Minnesota Licensing 22:30 Vermont Licensing 23:40 Dakotas Licensing 24:50 Renewals and Audits 26:30 State Exceptions 28:30 Final Thoughts 29:30 Recap and Sponsor…
Rocky Butani interviewed Dave Orloff, CEO of American Heritage Lending, a national direct private lending company based in Irvine, California. They offer a variety of financing options to residential real estate investors in 45 states: DSCR 30-year rental loans, fix & flip, ground-up construction and short-term bridge loans. The company has grown immensely in the past 2 years and is now one of the top 10 lenders in the United States in terms of loan volume. Learn about the company's recent growth, their operation and Dave's thoughts on private lending for 2025. Visit American Heritage Lending's profile on PrivateLenderLink.com to learn more about their lending guidelines: https://privatelenderlink.com/profile/american-heritage-lending/?utm_source=lender-link-podcast Loan originators interested in a DSCR third-party origination wholesale program can learn more on this website: https://ahlendtpo.com/?utm_source=lender-link-podcast 00:00 Intro 01:14 Company Background 02:00 Growth Since 2018 03:57 Loan Volume Surge 05:11 Billion Dollar Milestone 06:54 Q3 2024 Rankings 09:16 High Rates and High Volume 11:17 Industry Demand Trends 13:02 Loan Type Breakdown 14:58 DSCR Popularity 16:26 Wholesale vs Retail 18:49 Wholesale Platform 20:12 Team and Locations 22:19 Michigan Office 24:00 Fix and Flip Outlook 25:30 Short Term Lending Challenges 27:29 DSCR in 2025 28:33 Market Predictions 30:17 Wrap Up…
In the first episode of Private Lending Insights, Rocky Butani, provides an introduction and overview of the podcast, which is hosted by Lender Link. We operate PrivateLenderLink.com, a website were real estate investors and mortgage brokers find direct private lending companies (aka hard money lenders) throughout the United States.…
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