THE FINANCIAL COMMUTE
Hosted by Wealth Advisor Chris Galeski, THE FINANCIAL COMMUTE is a weekly podcast that gives the rundown on what's going on in the current market, how it affects you, and what you can do about it – all designed to fit into your commute. Each week Chris welcomes an expert guest, including Morton Wealth advisors, fund managers, and investment analysts, to break down complex financial topics. Our goal for this podcast is to provide you with the tools to help you navigate this challenging environment, leading to a path of more confident investing.
THE FINANCIAL COMMUTE
Generating Income By Lending on Real Estate
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On this week’s episode of THE FINANCIAL COMMUTE, Wealth Advisor Joe Seetoo discusses Pender Capital’s investment strategy with CEO Cory Johnson at Morton’s 2023 Investor Symposium. Pender is a commercial real estate debt lender focusing on the lower middle market in secondary and tertiary markets, especially in Middle America. Cory talks about how the pandemic impacted various sectors and Pender’s strategic shift toward asset types like multifamily and industrial real estate, which showed resilience throughout the pandemic.
Pender emphasizes principle preservation first and yield generation second. They also focus on underwriting to refinance rather than to sale, which distinguishes them from other lenders. Finally, Cory discusses the opportunities emerging in the current market, especially in private credit, due to the liquidity issues in the banking sector.