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Benedicte Gravrand, Opalesque Geneva: Two private lending specialists share how they set up an income-oriented niche strategy across the US west coast’s real estate market.
Jan Brzeski started his career in the real estate industry in 2002, focusing on income property acquisitions and operations. After the financial crisis, he and an older partner originated several private loans to opportunistic real estate investors on income property. This is where he saw the opportunity to lend on single-family homes to investors, who would buy, renovate and re-sell those homes. With the aim of starting his own fund, he tested the strategy with his own and some partners’ money in 2010, and then launched Arixa Capital Advisors in Los Angeles, California. This is where he met property developer Greg Hebner, who first came to his offices as one of his borrowers, and then ended up joining the company.
"Jan and I view the west coast urban market as having a lot of durability, and if properly underwritten and originated, we both believe that the single family home strategy that we are pursuing allows for a good return relative to the risk we are taking," Hebner tells Sona Blessing on Opalesque Radio. &quo...................... To view our full article Click here
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