The mezzanine lender point is good and subtle. Back when I was trying to buy distressed ip, it was from a mezz lender who had foreclosed on the assets. He did very well. You make good money lending with 1st lien on good collateral.https://twitter.com/MarcSGIlbert/status/1272237026801266692 …
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The dude lent at 14%, got a few years of payments. Lendee went bust, he foreclosed before the bankruptcy and got his principal right back in an auction. If the new lender fails, he’s right back at it, selling that same collateral, meanwhile collecting 14%.
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Replying to @Molson_Hart
Look at all of those non-value-added folks! Meanwhile, housing units per capita are within 1% of all time high. If/when folks become smart, there are a lot of shitty b*st*rds going to go tits up, as my grandmother would say. Too bad they never offered any value in their lives.
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Replying to @DeltaV_
Word. Assuming I get what you’re saying, I respect the investors but I respect the true value creators more.
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Replying to @Molson_Hart
Molson, I'm sure you are right. My wife was taken from me recently, way before her time, by the shutdown. Still trying to make sense of it. Sometimes I say things... The investors should be respected to the extent they did due diligence. It is the value creators that matter.
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I’m sorry to hear that. I’m saddened by your loss sir.
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