Revere Capital looks to push forward as banks pull back - Dallas Business Journal

It's a dynamic moment for lenders, and for some, that could make for a very interesting 12 to 24 months.

"One of the great things about working at a debt fund vs. working at a bank is we're constrained by two things: good judgment and the SEC," said Founder and CEO"We don't have the Fed, which is taking the approach that it's their money to protect. It's actually our money.

I started early out of college buying a two- to 12-unit multifamily, and I realized that it's hard for me to scale small units, manage tenants, repair P-traps, put in paint, carpet and stuff of that nature. Then, I went to business school at SMU and didn't have time to do it anymore, so I started lending to all my competitors. I was providing the liquidity that your entrepreneurial real estate guys and girls can't get through a bank.

Hopefully, we make good decisions when pulling that in and leveraging the broad expertise that we have within our firm.Our business is all about getting out; hopefully, it's Form 1 or 2, not Form 3, which is foreclosure, bankruptcy and litigation. That's not very fun for either party, and we don't want to go there, but you have to be prepped for it.

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