Private Money Lending as an Investment Strategy with Michael Fordham

Prosperity Through Multifamily Real Estate Investing

For today’s episode we talked to Michael Fordham. Michael has over 20 years of real estate and banking experience. Michael practiced corporate and securities law for 18 years with investment banks JPMorgan Chase & Co. (New York City) and Credit Suisse, A.G. (Zurich, Switzerland).

Michael founded Silverado Lending as a part of his passion for real estate. He enjoys helping other investors grow their businesses. Michael has syndicated multiple New York City multifamily property investments and has ‘BRRRR-ed’ single-family homes, land, and multifamily properties.

Michael Shares his key ideas that led him to real estate and founding Silverado Lending. He talks to us about how his experience as a securities lawyer and being risk averse has helped him establish his current business. Tune in and don’t miss this episode!

For today’s episode we will cover:

[ 00:00 - 09:56 ] Guest Intro: Michael Fordham

• Michael’s background
• From the equities market to looking at alternative assets like real estate
• Having alternative assets to hedge against downside risks

[ 09:56 - 18:20 ] Hesitancy in stepping out of the world of equities

• Point where you realized this is my new career path
• Risk aversion and its influence on your business
• A little bit more about Silverado Lending

[ 18:20 - 33:07 ] Borrower selection

• One of the big risks
• Investing thesis and what's on the horizon
• Other hedges in place to protect yourself and your risk in transactions
• Not in a circumstance where you can afford to let the market cure you
• What's in the future forecast

[ 33:17 - 34:42 ] Rapid fire

• What do you like to do for your continued education to further your investing?
• What was that one defining moment of time or events in your investing career that changed your trajectory?
• What advice would you give to the listeners to help them grow their businesses

Tweetable Quotes:

Connect With Guest:
Website: https://www.silveradolending.com/

LinkedIn: https://www.linkedin.com/in/michael-fordham-b127092/

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