I Am the Mortgage: Lending at 65% Loan to Value with Steven Weinstock

"At the end of the day, I am the mortgage." After 25 years as a landlord and multifamily GP, Steven Weinstock moved his new business into first lien loans.

 

Steven's fund makes 3 to 24 month bridge loans to fix and flip and renovation investors. His rule is 65% loan to value. At 68%, he is out.

 

He shares how he gets all his deal flow from mortgage brokers without spending a dime marketing to borrowers, and why 1 to 4 unit homes are the most liquid real estate out there.

 

He also gets real about raising capital for a lending fund. His older investors love it. His younger ones want 25% returns and ask about taxes. And his answer for new investors starts with being known.

 

Key topics:

• Why he shifted from owning to lending
• The 65% loan to value guardrail
• Getting deal flow from mortgage brokers
• Why 1 to 4 units sell in any market
• How older and younger investors see lending differently
• Know, like and trust for raising capital

 

About the guest:

Steven Weinstock has invested in real estate for about 25 years, from single family homes to multifamily syndications. Based in Brooklyn, New York, he runs We Capital Mortgage Fund and hosts The Wealth Clock Podcast.

 

Connect with Steven: https://www.wecapitalx.com

Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate

Want to be a guest on the show? https://www.daveinterviewsyou.com