Ep. 12: The Three C’s of Lending, with David Scott

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Lance is the Founder and Managing Partner of Verivest, an end-to-end real estate investment platform designed to bring transparency and trust to middle-market investing, and a Principal in Fairway America, a real estate private equity firm in Portland, Oregon.

David Scott, Principal of Silverado Funding, joins Lance to talk all things lending. Portland-based Silverado is a private money lender focusing on rehab and constructions loans. He and Lance discuss the firm’s active approach to rehab projects, lessons learned from previous downturns, and why hidden tax issues keep him up at night.

This week’s guest

David Scott attended The Taft School (class of 1990) and continued on to graduate from Occidental College in 1994 and worked in New York at Tiffany & Co. and Polo Ralph Lauren in corporate sales. David continued his education and graduated from Whittier Law School in 2001 after completing course work in International Law at Temple University in Tokyo, Japan. He joined Binder and Binder in 2001 and became a Senior Attorney in 2004. David is a member of the State Bars of New York and Oregon.

In 2006 he joined Silverado Funding as house counsel and in 2009 became President serving as chair of the loan committee. He also facilitates investor relations, operates as bank liaison for Silverado Funding, and oversees pertinent accounting matters. He is also instrumental in “New Project Estimates” for contracted clients.

David is Silverado Funding’s Loan Originator and while in that role, Silverado has funded loans on over 1000 single family residential homes. These new construction and rehab loans have been for commercial purposes and total over $225,000,000.

David is happily married and has two children. He is an avid cyclist having participated in the BC Bike Race, also a two-time IRONMAN Triathlon finisher, and participant in the NYC marathon.

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Episode 12