Real Estate Advisor, Diversified Lending Solutions, Tackles Lack of Access to Capital for Small and Mid-Sized Operators
DLS was created by its founders, Vernon Beckford and Eric Andrew, as a vehicle to expand access to capital for small and medium-sized real estate operators. Your focus on capital market advice is particularly important in these post-Covid times, when even institutional operators have difficulties financing their projects.
“We understand that if the big players have trouble navigating the darkness of real estate finance, the pain would be exponentially more felt by their small and medium-sized counterparts,” says Beckford. “Many lack the depth of relationships, the time, or the resources to fully appreciate their options or to bridge the gap between what they want and what is available in the marketplace.”
Particularly noteworthy for DLS is the financing of Valencia Grove. In addition to a rapidly growing operator, Bodka Creek Capital is a minority and female owned company. “From startups to real estate, women and minority-owned companies are categorically the most underfunded,” said Andrew. Securing funding for a transaction of this size is important as it allows excellent companies like Bodka to maximize impact in their local communities. Equally important is that it confirms that there are highly skilled operators from historically underrepresented groups that should be prioritized by the investment community. “
With the takeover of Valencia, Bodka Creek nearly doubles the property units to over 1,000 units. To the Allyson Pritchett, CEO of Bodka, DLS’s keen understanding of the challenges operators like them face during the funding process has influenced their thoughtful approach. “Vernon and Eric understood that this was a very important strategic acquisition for us. You have thought very carefully about how best to position the financing application, which lender to contact when and how to negotiate critical conditions. A cheat code that gives me all the answers to the test. I am very happy with the funding they were able to raise for us. ”
While the DLS founders are optimistic about the future, they recognize that debt is not the only problem for underrepresented groups. “While there is a lot of capital out there looking for a home, we still see very experienced operators struggling to raise equity,” says Beckford. We believe there is a great opportunity to meet this need and we are currently working with institutional investors to fill the gap and offer even broader real estate financing options to minority and women’s businesses. “
Via diversified credit solutions
Diversified Lending Solutions is a capital markets advisory firm that brokers residential and commercial real estate loans for professional investors. The company focuses on projects that $ 1 million of borrowed capital and more. More information is available at http://www.dlsloans.com/
CONTACT:
Danielle Burch
[email protected]
SOURCE Diversified credit solutions
