Ep. 92: Understanding Rehab Lending, With Todd Pigott

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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.

Todd Pigott from ZINC Financial joins the show to discuss why he is so passionate about real estate investing, specifically real estate lending. ZINC considers themselves a private money lender and emphasizes the importance of selecting a high quality, sophisticated borrower that fits their specific criteria. Todd and Lance dive into how his firm consistently mitigates risk and how he’s remained successful in his 20 years of real estate experience.

This Week’s Guest

In a word, Todd is passionate about the private money equity space. Previously, over an 18 year period, he held the position of President of one of the largest interior and exterior maintenance companies in the central valley employing over 400 individuals. Sold in 2006 to a private equity firm from New York, he now devotes all of his time and energy to his passion of private money lending.

Today he presides over ZINC’s 4 separate entities, all involved in the private equity space. ZINC is a licensed lender, not a broker, and have our personal funds invested in the very space our investors consider. This is a rare difference in the ZINC brand. To date, ZINC has originated hundreds of millions of dollars in private money loans, with a loss ratio of less than ¼%. We oversee millions of dollars of private equity loans every day, and fund millions on a monthly basis.

All Loans originated by ZINC are secured by a 1st position lien against the underlying collateral. Typically, ZINC focuses on secure tranches of lending just outside the bank space. All of our borrowers, whether it be real estate or auto are required to participate financially in the transaction with hard cash, creating a real alignment of interest in the transaction.

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Episode 92