RD Advisors

Nearly four years ago almost no one in the #Boston?development scene knew Sean Kelly-Rand or RD Advisors existed. Now I believe?it’s?fair to say RD Advisors and myself well entrenched in the Boston development scene. Here is how it all took off: In 2019, we were wary of an oncoming recession, so we slowed lending significantly.?We built up a significant (for us) cash reserve on our balance sheet which we carried for the initial portion of the pandemic.?Holding so much cash hurt returns, and at the time there was significant pressure to deploy the capital. Other lenders?didn’t?stop as quickly and/or were highly leveraged so when building finally opened up again they?didn’t?have the capital available. We?were one of the few lenders still active. And clients found us.?When developers/investors asked who still had capital available to lend our name quickly spread throughout the market. One quote:?“Pre-Pandemic I had never heard your name; Post-Pandemic I can’t stop hearing it” We'll still cautious, very careful with how we deploy capital, but also a continual participant. That discipline not only gained us clients but also investors and banking and other capital relationships. As it’s said,?it’s?often?the transactions you don’t do that define your business?more than the ones you do. As usual?it’s?my personal musings and by no means investment advice. Marc, J. Peter, John, Tom, Chris,?Rocky, Rens F. #PrivateCredit #AssetbasedLending #BostonRealEstate

LOAN Learn More: https://lnkd.in/ghDh3mGt IMAGE: Eli Rofeim & Sean Kelly-Rand DATE: 10/10/2024 ADDRESS: 25 Shaw Road MARKET: Wellesley, MA ASSET TYPE: SFR ~ SF: 1,200 LENDER: Sean Kelly-Rand & Eli Rofeim - RD Advisors LOAN AMOUNT: $1,780,000 LOAN TYPE: Bridge NOTE FROM LENDER: RD Advisors is accepting loan requests for non-owner occupied residential and commercial properties in Massachusetts! Submit a deal in under 5 minutes through our website (www.rd.loans) #Boston #RealEstate #Wellesley #Massachusetts #SingleFamilyResidence #RDAdvisors #SeanKellyRand #EliRofeim #TradedPartner #TradedBoston

Develop an Iconic Single Family in South Boston! We (RD Advisors) just launched the sale of 917 E Broadway. A few developers have expressed interest in converting the commercial property into one of the most iconic single family homes in Southie (South Boston).?I'll leave it to the Boston development pros to bring the vision to life, however, it certainly would be an amazing property (includes a garage with off-street parking which is huge in the neighborhood). I'm sure there are a few other great uses as well, but single-family is the favorite of the ones I've heard. Listing in comments: Please don't bombard my team with calls! #BostonRealEstate #BostonDevelopment #RealEstateDevelopment Chris Ted Kendin Tom Nick Rens Marc J. Peter

$7 Trillion. I want a small slice. $7 Trillion is now what is sitting in money market funds! That is an absurdly large number. Money market funds are paying around 4.5%, and while not awful, that is less than half of what our investors earned on average since inception ( senior debt on real estate). I'm not saying every investor should dump their money market exposure and jump into private credit (or private equity or the public markets). However, imagine how much better off the US economy would be if those funds were going to finance housing construction or small businesses? And this is what economists mean by "crowding out" investment - when the government raises rates it's harder for smaller businesses to raise funds for their own projects. So while I don't want all of it, if there is an investor or two looking for a better more productive home for their capital than money markets, then I'd like to be on the call list. As always, these are my own musing and not investment advice (have the conversation with your investment advisor). #moneymarket #realestate #privatecredit Harald David John Toohig Tod Trabocco, CFA Simon Joan Solotar

We’re More Than Just a Private Lender. Eli Rofeim, Associate, is here to share the key points that set us apart from the competition. From unparalleled speed to personalized, strategic guidance, we’re the sophisticated lenders and advisors who will help take your project to the next level. ??? ?? Ready to get started? Visit our website to learn more about our lending solutions, and apply in under 5 minutes! www.rdadvisorsre.com #PrivateCredit #RealEstate #RDAdvisors Sean Juan Carlos

It's RD Advisors Carhartt Time! A few years ago it became a tradition for us to provide RD Advisors branded Carhartt jackets and gear to the team, clients, and friends of the firm. As the latest cold front hit #Boston, the team put in our latest order... and we're loving it. #Carhartt #RealEstate Alex Juan Carlos Daniel Jorge Sean Kelly-Rand

Sh!t goes wrong. And it's often out of your control. - A project is nearly complete and the gas company goes on strike and holds up the sales of condos - Pandemic happens and all construction projects are shut down - New inspector requests all sorts of changes on previously approved plans. - Longshoremen go on strike with your shipment of kitchens stuck … All this happens while you are paying carrying costs, interest, taxes, insurance, fees, employees... i.e. bleeding cash until project completion… Add to that a dose of natural disasters, fastest interest rate hikes in decades, and a few key employees quitting, and a bankrupt subcontractor.... Real world lessons in development. Development is Tough. This is one of the messages I conveyed to the students at Harvard GSD's Real Estate Masters program.? The group appreciated the brutal honesty and real examples. Too often the development and investment journey is glorified, glossing over the messy details and frequent setbacks of real world projects. Development is not for the faint of heart. You have to have an overabundance of confidence, courage, cash, and perhaps a little less sanity. Which is perhaps why RD Advisors ended up on the lending side of the business.? Thanks to Xander Ryman and all the Harvard participants for the thought provoking questions. Tom Marc Evan Marvin Rens Harvard University Graduate School of Design Jonathan Gordon Zeyad Tal Trinity #RealEstateInvestment #RealEstateDevelopment

#LetsLetTheBuildersBuild #LetTheBuildersBuild !

Inflation is down close to 2%! Time to drop rates again? How do concerns on the financial sector weigh in? Two items that fundamentally impact the bond markets: FED funds rate, and the strength of the underlying economy… and perhaps the health of the banking/financial sector. Inflation data seem to indicate that prices are coming under control but not quite at or below 2%. And employment seems to be holding strong (unless Friday’s data indicates otherwise).? So no huge rush for FED to drop rates and have to raise them in the future. That leaves the banking/financial sector. The FED has to be worried about the financial institutions. It can't look good that defaulted CRE loans are piling up, imho. I say there are surprises lurking in the financial system and the FED holds rates higher for longer until they really need to step in. Thoughts? As always, these are just my musings and not financial advice. #FinancialMarkets #Bonds #Inflation Ignacio Robert Dave Tod Chris Suhayl Keith

Wrapping up Q3 with our latest investor call! It was a great session diving into our portfolio's performance, market insights, and updates on what’s ahead for RD Advisors. Thank you to everybody who joined. Go to our website for info on RD Real Estate Debt Fund II. FYI: these calls are open to both existing and prospective LPs. If you’d like to join our next one, please fill out this form: https://lnkd.in/dhvx5A2d