The Road from Mac and Cheese to Mortgages: A Journey in Food Service and Finance with Jeffrey Pollack

Feb 27, 2023

Jeffrey Pollack was born and raised in Detroit. His schooling and early professional career brought him to Milwaukee, Miami, New York, Vancouver, Las Vegas, and Israel. Eventually he landed in Baltimore. He started his career as a chef and caterer, eventually switching careers to become a commercial mortgage broker with GPARENCY.

 

In this episode, Jeffrey discusses how GParency membership can help those interested in equity investing by connecting them with lenders suited for their deal. He also goes into detail about the different types of equity investments -prop and LP- along with red flags to look out for when evaluating potential deals. To wrap up the conversation, Jeffrey shares his insights on transparency in real estate investments and talks about the importance of having high-quality relationships with investors and underwriting investments for security. Tune into this episode to learn more about GP parent and how it can help take your real estate investing career to the next level!

 

 

[00:01 - 05:22] What is GParency?

• GP Parent is a product that speaks for itself, helping real estate owners find and finance their deals
• GP Parent is a premier mortgage brokerage that does both debt and equity financing
• Membership is $5,000 annually and comes with tools to help get deals done

 

[05:23 - 10:41] Introducing a New Tool to Help Get Deals Across the Finish Line

• Full service brokerage for debt at a flat rate of $11,000
• Typical broker charges two to three points for a book or practice
• Lenders require 10-30% equity from GP team and rest is supplied by partners 

 

[10:42 - 15:40] GP Transparency: Uncovering the Value Add in Real Estate Deals

• Equity will cost more but there is less risk of someone backing out at the last minute
• Investment teams look for real value add opportunities
• Value add could be deferred maintenance, updating old windows/HVAC units, adding a pool or exercise room, etc.
• GP Transparency is all about being transparent with partners and members

 

[17:53 - 23:13] Closing Segment

• Jeffrey shares why equity partners should not walk away if they have the ability to pull through 

 

• To learn more about Jeffrey and his work, listeners can visit GPARENCY!

 

Tweetable Quotes:

“If the deal makes sense….We're gonna have partners that are gonna help.” – Jeffrey Pollack

 

“Every deal's gonna be different. I don't think there's a set dollar amount.” – Jeffrey Pollack

 

 

You can connect with Jeffrey Pollack through his:

Website: gprncy.com/jeffreypollack

Email: [e-mail]

 

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

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