Related Headlines
| 09/29/2025 | Covid EIDLs w/ real estate pay better |
| 01/28/2025 | Revolut to add real estate lending |
| 10/15/2022 | Real estate investment firm was $650M ponzi |
| 07/19/2021 | Vid: Real Estate investing w/ Danny & Bruce |
| 04/12/2021 | DA probing missing real estate lawyer |
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Stories
Covid EIDLs With Real Estate as Collateral Have Much Lower Default Rate
September 29, 2025369,588 Covid-era EIDL loans valued at $47 billion had been charged off by December 2024, according to a recent report issued by the Office of Inspector General (OIG).
It turns out that collateralizing real estate may have made all the difference in the outcome. For loans over $25,000, for example, the SBA relied on simple blanket liens as collateral. This allowed the agency the right to take possession of the borrower’s assets upon default, such as inventory, equipment, and any other tangible or intangible property owned by a business. If that was supposed to be a deterrent to default, it hasn’t shown considering the raw number of defaults so far.
On loans over $500,000, however, business borrowers were supposedly required to put up real estate as collateral but according to the OIG, they approved the loans regardless. Consequently, of the 58,024 COVID-19 EIDLs exceeding $500,000, only 4,718 were secured with real estate. Only five of those real-estate-backed loans had defaulted as of July 2024. Compare that with the 4,605 loans over $500,000 without real estate as collateral that have already defaulted and been charged off. The difference is clear.
As of July 2024, none of the five defaults with real estate had been foreclosed on yet.
Full OIG Report here.
Why Lexington Capital Holdings is Expanding Into the Real Estate Business
September 24, 2025Lexington Capital Holdings is expanding beyond small business lending and into real estate, the company recently revealed. Lexington, a Long Island-based financial marketplace and brokerage led by CEO Frankie DiAntonio, is launching Lexington Estates to buy, sell, rehab, and hold properties long term.
According to DiAntonio, deals involving real estate have already been a part of their regular broker product mix for a long time, but when deciding whether or not they wanted to lend against real estate on their own or become the actual buyers and builders, they felt the latter would be more impactful. A syndication fund for these real estate deals, for example, will be open to employees of the firm to participate in. Lexington’s existing operation already has about 50 sales reps. Two from that group will move over to the real estate side to join a number of new hires they’re bringing on board to carry this plan out.
“Business is a team sport and I wouldn’t have been able to do any of this without the amazing Lexington team behind me,” DiAntonio said of the company’s success to-date.
Lexington Estates is already closing on its first property on Long Island. While they will make their focus local right out of the gate, they plan to work on deals both residential and commercial throughout the United States within 12 months. DiAntonio cut his teeth on real estate deals by participating in them personally outside of his business and now he’s making it a corporate endeavor. Whether it’s residential, retail, office space, industrial space, or anything else, they plan to evaluate it on the merits of the potential profits.
“I’m looking for deals,” DiAntonio said. “I’m looking for what’s the best bang for our buck.”
DiAntonio views this ambitious plan as one of absolute necessity given the challenges that the younger generation faces with the cost of living going up.
“I strive so hard to put my people in a position where they can make more money than the average American because you can’t even live the average American life and be average anymore,” DiAntonio said. “You actually have to be great just to live an average American life.”
Lexington Estates plans to officially launch on October 12th.
LoanGeek Launches LiveDeal: An Innovative Deal Portal for Commercial Real Estate Lenders
September 18, 2024RED BANK, N.J,, Sept. 18, 2024 — LoanGeek, a leading platform in commercial real estate financing, is excited to announce the launch of LiveDeal by LoanGeek, providing lenders with direct access to exclusive financing opportunities.
LiveDeal is designed to streamline the deal-sourcing process for lenders. It offers an intuitive, tech-forward solution that allows lenders to explore and evaluate potential deals in real-time. The platform is built for lenders, giving them the ability to filter deals based on key metrics such as loan type, loan amount, property type, and location. With the ability to view deal summaries at a glance, lenders can quickly assess opportunities and express interest in the ones that match their investment criteria.
“Our goal is to maximize deal exposure for our clients while providing lenders with a seamless experience,” said Chris Pepe, CEO of LoanGeek. “Traditionally, we’ve worked directly with lending partners to source financing. With the launch of LiveDeal, we are inviting lenders to be part of the process from the start, increasing efficiency and ensuring they have access to the best deals.”
Key features of LiveDeal by LoanGeek include:
- Advanced Deal Filtering: Lenders can filter deals by location, loan type, loan-to-value (LTV), and other metrics, enabling them to quickly find the most relevant opportunities.
- Instant Notifications: When lenders express interest in a deal, the LoanGeek team is immediately notified, ensuring quick follow-up and detailed discussions about the transaction.
- Real-Time Updates: LiveDeal offers live updates, so lenders are always working with the most current information on each deal.
LiveDeal by LoanGeek offers a significant step forward for lenders seeking efficiency in deal sourcing. It’s designed for lenders who want an efficient way to discover high-quality opportunities, making it the most effective platform for sourcing and evaluating deals in today’s competitive market.
About LoanGeek:
LoanGeek is a commercial real estate financing platform specializing in connecting real estate investors with capital providers. Serving the commercial real estate industry, LoanGeek’s platform streamlines the process for both lenders and borrowers.
For more information, visit www.loangeek.com
DailyFunder Adds Real Estate Lending Forum
September 7, 2024
DailyFunder, the largest online community of small business finance professionals in the US, has added a real estate lending subforum to its platform. The new category marks the first time any category has been added to the platform in more than a decade. Unsecured business lending and merchant cash advances have for a long time dominated the user content.
According to the site, financing secured by real estate has experienced rising organic interest over time to the point where it warrants separation.
“It has become obvious over time that more and more real estate financing deals are being pitched in the Deal Bin so we have decided to make an entire category just for that,” the site said. “We can use this [new real estate lending] subforum for posting relevant deals or discussions. We have tried to move over a bunch of related posts so that they’re viewable in one place here but it’s hard to go through so many as this forum has racked up nearly 185,000 posts overall so we obviously didn’t hit them all.”
The category description says “Commercial, residential, hard money, mortgages, raw land, refis, cash out, construction, and all real estate lending” and it can be used to discuss the business or to post deals looking for lenders. It is completely free to use the DailyFunder forum. Users only need to register to post. Brokers and lenders rely on it every day. As of last public report, the site was garnering 2 million annual page views in 2021.
My Real Estate Was Turned into an NFT. I Used that NFT as Collateral for a Loan.
February 25, 2024
Ooops, I did it again. I bought an NFT that grants me ownership of real land in Arizona in the same manner that I previously bought land in California. But this time I went a step further, I used it as collateral for a loan.
Thanks to a proptech company called Fabrica, the owner of a plot of undeveloped land in rural Sun Valley, AZ transferred the rights to a trust for which control is governed by whomever owns the corresponding NFT. Long story short I bought that NFT. The difference between this NFT and say some digital collectible flavor of the month is that the land has some actual value in the real world. It’s not dependent on the blockchain for its worth and I can go to Sun Valley and build something there if I wanted. But with ownership governed by the NFT, I can also do something that might be a little bit more difficult otherwise for this remote and somewhat illiquid property, and that’s access liquidity in a highly efficient marketplace.
Specifically, I offered this property up as collateral for a loan on NFTfi, a peer-to-peer NFT loan marketplace at a very modest LTV of 32%. My offer was filled and I was able to access the funds with a single click of a button. If I default on the loan, the NFTfi smart contract will transfer the NFT to the lender and with that the lender would become the legitimate owner of the property in Sun Valley. The stakes in this case are real.
If you’re thinking about what kind of person would ever want to make this kind of loan, consider that more than $400 million worth of NFT loans have already been conducted on NFTfi since inception. The most commonly used collateral is digital artwork like cryptopunks and Bored Ape Yacht Club, which collectively represent $164 million of that total volume alone. When borrowers use this digital artwork as collateral the lender may end up stuck with an NFT with no physical connection to the real world. For an entire niche audience of lenders, this doesn’t bother them. However, as someone with a more apprehensive view toward risk in lending, the introduction of real physical collateral, actual property in the United States no less, is a game changer.
I am not the first person to ever engage in this type of transaction. According to Fabrica, the first property-backed NFT loan was transacted in 2021. However, if I might be afforded any claim to fame it is for conducting the first ever domain name loan over Ethereum.
LoanGeek to Transform Commercial Real Estate Financing With The Launch of Exciting Platform in Summer 2023
May 5, 2023
New York, NY, May 5, 2023 – LoanGeek today officially announced that it is launching an online financing platform that connects real estate owners and investors to financing sources for all their real estate financing needs. The technology-driven solution, set to launch in the summer of 2023, is revolutionizing the commercial lending process through automation. Customers can submit basic information about their property and financing needs and will be matched with a lender that meets their criteria within minutes. Through strategic partnerships and a proprietary streamlined technology solution, LoanGeek ensures ease, efficiency, flexibility, and an elevated experience.
“We are thrilled to announce the launch of LoanGeek to provide a valuable service and meet a need in the marketplace. Our platform is a one-stop shop for all your real estate financing needs. Whether you are a real estate investor in need of financing to acquire a new property, or looking to refinance an existing one, we have you covered. We expect the platform to be live later this summer but already have a waitlist of referral partnerships,” says Chris Pepe, CEO of LoanGeek.
A New Era for Financing on the Horizon
Under the guidance of a team with more than 20 years of experience in commercial and SMB lending, LoanGeek aims to make applying for a commercial loan and finding the right lender as simple and stress-free as possible. In the past, real estate investors and property owners typically went with whatever offer they received from one lender—unaware of other potential superior options—and this longstanding problem is what LoanGeek will solve.
In building its foundation, LoanGeek puts people, relationships, and transparency at the forefront. When a customer applies through LoanGeek, they can see all options available to help them make an informed decision. Whether a customer is looking for a 50,000 fix-and-flip project or a 200- million-dollar ground-up construction, LoanGeek can accommodate all these needs.
About LoanGeek
LoanGeek is an online financing platform that connects real estate owners with financing options. Through innovative technology, the platform simplifies the loan application process for customers and helps them find the best financing options for their properties. Based in New York, LoanGeek partners with various lenders to provide customers with competitive rates and terms. For more information, visit www.loangeek.com.
Private Lender Expo Shows The State of Real Estate Investing Industry
November 19, 2021
“We’re here because we’re looking to see if we can branch into real estate lending,” said Porsche Brooks, CEO of Brooks Partners Finance, a company that provides a suite of funding services that include both MCAs and SBA loans.
Brooks was one of many that attended the Private Lender Expo in Atlantic City on Thursday, where financiers, developers and more talked heavily about apartment complex and suburb-centric commercial real estate development.
“There are opportunities here,” said Brooks. “We’re really looking to expand.”
While there was evidence of fintech making its way through the space, companies providing document-digitizing software were hesitant to label themselves as fintech companies.
A representative from CoStar, a technology-centric real estate information company, called themselves “fintechy” but made it clear that they are only looking to function within the current space, not revolutionize it.
Those who hosted booths at the event showed little interest in expanding business operations into small business financing as a way to grow their lending options. As real estate investments continue to pay hefty dividends, lenders who focus on that area aren’t looking to dilute their effort into other ventures.
“Small business lending can be such a headache,” said one real estate investment company representative when asked if they would ever venture outside of their investment property exclusivity into funding merchants. “The amount of money in real estate right now is evident all around us. There’s always a lot of people at stuff like this that will give you a million dollars, but now this stuff is becoming all real estate.”
Real Estate Investing For Beginners and More
July 6, 2021deBanked met with Kurtavious Ball, a physician assistant and savvy real estate estate investor in Philadelphia. Ball started small, risking about $30,000 he had set aside for a startup venture. If it didn’t work out, Ball said he was still young enough and capitalized enough to weather the loss. After doing a lot of reading and listening to gurus, Ball said the best course of action was to just plow forward and give it a try. He’s happy he did.
AltFinanceDaily’s interview with Ball is part of a nationwide docuseries with business finance and real estate professionals.
Real Estate Docuseries
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