Podcasts about EMD

More horses, more horsemen, better racing at Emerald Downs in 2025! This weekend is no exception with two-time Washington Horse of the Year Slew's Tiz Whiz set to make his seasonal debut in the Saturday feature race at six furlongs. Slew's Tiz Whiz has five EmD stakes victories, tied at the top with Aloha Breeze among active runners. Papa's Golden Boy has four stakes wins here and he'll meet Slew's Tiz Whiz for the ninth time. Crowds and wagering handle are up at Emerald Downs through the first three weekends. This Saturday and Sunday, it's Teacher Appreciation Weekend, with all teachers and school district employees receiving free admission. John Lindley of Parker's tip sheet and Emerald Downs television and novelist Judge Chip Small join Joe and Vince as guests. Judge Chip will sign copies of his latest novel, “Stark Justice,” on Track Level Saturday.

The Marine Institute is proud to announce its participation in European Maritime Day (EMD) 2025, taking place in Cork from 21-23 May. On Friday, 23 and Saturday, 24 May, a free maritime-themed family festival will run along Cork's city quays, as the city plays host to this major European event for the first time. Organised by the European Commission, in collaboration with Cork City Council, the Government of Ireland, and the Port of Cork, EMD 2025 is Europe's flagship event for the maritime community. It will bring together up to 1,000 maritime professionals from across the continent to discuss joint action on marine policy, fisheries, offshore renewables, and the future of the sustainable blue economy. A key highlight of the public festival will be the Marine Institute's Wild Atlantic - What Lies Beneath Expo, a free, immersive and interactive exhibition inviting visitors to explore Ireland's ocean environment. From deep-sea discoveries to cutting-edge marine science, the Expo will showcase how we map, study, and protect our marine world. "We are thrilled to be part of European Maritime Day 2025 in Cork," said Dr Rick Officer, CEO of the Marine Institute. "This event offers an exciting opportunity to share the science behind our seas and celebrate the importance of ocean knowledge with people of all ages. We want everyone to leave feeling inspired, informed, and connected to the marine world around them." The Marine Institute's Wild Atlantic - What Lies Beneath Expo: Event Highlights Interactive Exhibits - Discover the hidden wonders of Ireland's vast ocean territory, from coastal habitats to deep-sea ecosystems. Fish Species of Irish Waters - Learn about the incredible biodiversity in Irish waters - from cod and mackerel to basking sharks - and how research supports sustainable fisheries. RV Tom Crean Tours - Step aboard Ireland's state-of-the-art national research vessel for the first time ever. Visitors will experience life at sea, explore scientific labs and equipment, and meet the crew and scientists conducting real-time ocean research. Explorers Education Programme - Hands-on learning activities designed to spark curiosity and inspire the next generation of marine scientists and ocean advocates. Marine Careers - Discover exciting career paths in marine science, ocean technology, and the broader blue economy. The two-day Expo will be held at the Port of Cork and is suitable for all ages, from curious children and students to ocean enthusiasts and lifelong learners. The programme of events for the European Maritime Days to Play festival includes tours of naval and research vessels, street performances, cooking demos, and live music, bringing a vibrant maritime energy to Cork city's Albert and Kennedy Quays. We look forward to seeing you at European Maritime Day (EMD) 2025. For more information, visit www.marine.ie

See you at Emerald Downs for Opening Day, this Sunday, April 27! First race goes at 1:50 pm. We'll have the traditional jockey introductions in the Paddock prior to the first race. Horse players take note of the low 12% takeout on Pick-3 wagers plus another year of penny breakage – both of those lead to higher payouts on winning bets. Tickets for all racing days are available at emeralddowns.com. Jockey Frank Alvarado and DRF writer Mike Seeley join Joe and Vince on this edition of the pod. Alvarado, with over 4,000 career victories, has been a Bay Area stalwart for over 20 years. He's sad to see racing leave that local but is excited to ride for many familiar trainers at Emerald Downs in 2025. Seeley is an accomplished writer with an impressive resume, including a previous stint with the DRF in the St Louis area. Look for his EmD copy in the print edition and on-line at drf.com.

Comment on the Show by Sending Mark a Text Message.This episode is part of my initiative to provide access to important court decisions  impacting employees in an easy to understand conversational format using AI.  The speakers in the episode are AI generated and frankly sound great to listen to.  Enjoy!The scales of workplace justice have just shifted. In a unanimous decision that has sent ripples through labor law circles, the Supreme Court has lowered the standard of proof employers need to demonstrate when classifying workers as exempt from overtime pay.At the heart of this groundbreaking case lies EMD Sales, a food distributor whose sales representatives spent long 60-hour weeks stocking shelves, managing inventory, and processing orders at grocery stores across the Washington DC area. These employees, paid only on commission, sued for overtime compensation under the Fair Labor Standards Act (FLSA). EMD claimed they were "outside salesmen" – exempt from overtime requirements – but did their day-to-day responsibilities actually constitute "making sales"? The answer depended heavily on whether they were working at chain stores with pre-established corporate agreements or at independent shops where they had more sales autonomy.The Supreme Court didn't rule on whether these particular workers deserved overtime. Instead, they focused on a crucial procedural question: what level of proof should employers need to show when claiming a worker is exempt? Previously, in the Fourth Circuit, employers needed to meet a high "clear and convincing evidence" standard. Now, the Court has established nationwide that only a "preponderance of evidence" – essentially just over 50% likelihood – is required. This seemingly technical change could significantly impact millions of workers' overtime eligibility and shift the power balance in workplace disputes across America.The next time you're wondering whether your job qualifies for overtime protection, remember this watershed case. Understanding your rights has never been more important as the legal landscape evolves. Subscribe to our podcast for more deep dives into the court decisions that directly impact your workplace rights and compensation. If you enjoyed this episode of the Employee Survival Guide please like us on Facebook, Twitter and LinkedIn. We would really appreciate if you could leave a review of this podcast on your favorite podcast player such as Apple Podcasts. Leaving a review will inform other listeners you found the content on this podcast is important in the area of employment law in the United States. For more information, please contact our employment attorneys at Carey & Associates, P.C. at 203-255-4150, www.capclaw.com.Disclaimer: For educational use only, not intended to be legal advice.

I denne episoden får Ragnar besøk av professor Hans Petter Graver. Med utgangspunkt i en kronikk i Aftenposten som handlet om hva amerikanske dommere kan lære av noen modige eksempler fra mellomkrigstidens Tyskland får vi høre om hvordan den utøvende makt kan utfordre og i verste fall undergrave domstolenes rolle i samfunnet. Du får også høre litt om dommernes individuelle plikt til å bruke sin ytringsfrihet når rettsstaten trues, og under hvilke omstendigheter den utløses i følge EMD. Gravers kronikk finner du her: https://www.aftenposten.no/meninger/debatt/i/JbgWjX/det-er-tegn-som-tyder-paa-at-trump-ikke-vil-akseptere-aa-bli-hindret-av-uavhengige-dommere

Just six weeks away to Emerald Downs 30th Opening Day! Make plans to come out on Sunday, April 27 for the 2025 lid-lifter. Track President Phil Ziegler and trainer Howard Gibson join Joe and Vince on this edition of Horseracing NW. Ziegler looks to build on last year's successful mark of a more than 10% increase in attendance with a revamped stakes schedule and several tried and true promotions Gibson, who's been a top assistant to Tim McCanna, Frank Lucarelli and Vince Gibson in recent years, is in the top 10 at Turf Paradise and his EmD stable totals 20 head. Next week, go to emeralddowns.com to purchase tickets for all your favorite days. For parties, business meetings, anniversaries, memorials, etc, book your event through Emerald Downs Group Sales at 253-288-7700.

In this episode of the InsuranceAUM.com podcast, host Stewart Foley, CFA, sits down with Vlad Liberzon, partner and portfolio manager at GoldenTree Asset Management, to discuss the evolving landscape of emerging market debt (EMD) and how insurers can approach the asset class strategically. With over 20 years of experience in EMD investing, Vlad shares insights into the asset class's transformation, from its early days of high correlation and commodity reliance to today's diverse and uncorrelated opportunities across 90 countries. He breaks down the factors driving EMD's growth, the risks insurers often associate with the asset class, and why many may be overlooking key opportunities.   The conversation delves into portfolio construction, exploring the benefits of a hard currency-focused approach, active management strategies, and the importance of risk discipline. Vlad also offers a market outlook for 2025, highlighting potential opportunities in sovereign and corporate debt, idiosyncratic investments, and the impact of macroeconomic themes like U.S. interest rates, dollar strength, and China exposure. Whether you're new to emerging market debt or looking to refine your investment strategy, this episode provides valuable perspectives on navigating this dynamic and growing asset class.   Listen now to gain expert insights into the right way to invest in emerging market debt and how insurers can position their portfolios effectively.

Finalist i Melodifestivalen 2025. Erik berättar om utseendefixeringen kring honom, sina känslor inför att vara en offentlig person och hur det egentligen var att köra blod, urin och lik på sjukhus innan kändisskapet. Är han rädd för döden och hur ser han på offentligheten och sin egen karriär idag? Vi pratar också om hans bildningskomplex, EMD:s gruppdynamik och den kyliga mottagningen på Grammisgalan. Dessutom: hur ser han på konkurrensen som var inom EMD, vad säger han om jämförelsen mellan hans mellobidrag i år och Sabina Ddumbas "Not Too Young"? Och vad tycker han egentligen om Edvin Törnbloms sprut-skämt om honom i direktsändning? Hosted on Acast. See acast.com/privacy for more information.

Anthony Kettle, EM Debt Senior Portfolio Manager, and Mike Reed, Head of Global Financial Institutions, discuss how a ‘one size fits all' approach doesn't work for the emerging markets debt universe. Key talking points include the diverse mix of countries and sectors, why certain headwinds of the last few years could be turning into tailwinds, the more positive aspects of Trump's agenda, and the need for a well-resourced team in order to deliver alpha when investing in EMD.

Gold prices hold near record highs as trade war fears and inflation risks drive safe-haven demand. And some on Wall Street reckon gold prices may yet be headed higher. Some say prices may even reach above the key 3,000 dollar level next month. So can it? Can $3,000 be the next target? On Wealth Tracker, Hongbin Jeong speaks to Alexandra Symeonidi, corporate credit analyst on William Blair’s emerging markets debt (EMD) team, to find out more.See omnystudio.com/listener for privacy information.

Please show your support to Olympia for HB 1703 and SB 5610 for financing critical to racing's future in Washington. Those bills can offset significant upcoming costs of HISA regulations. Jon White joins Joe and Vince to speak to the national three-year-old picture, less than three months out before this year's Kentucky Derby. Pool Four of the Kentucky Derby Future Wager is in effect this weekend, closing Sunday at 3 pm. Emerald Downs now has Las Margs Café in the stable area with first day of operations on Monday, Feb. 24. After the first week, regular hours will be 7 am to 2 pm, Wednesday through Sunday. EmD's Fifth Floor remains open seven days a week for simulcasting, including many top tracks in action this Monday, Feb. 17 for President's Day.

With the calendar turned to 2025, Emerald Downs is gearing up for its 30th season of Thoroughbred racing, Opening Day on Sunday, April 27. Horses begin training on the track on Monday, February 24. Another date to note is Saturday, February 22. That evening, horse and human achievements of 2024 are recognized at the WTBOA Awards Banquet, open to the public. Washington Hall of Fame trainer Tim McCanna and Turfway Park Track Announcer Tony Calo join Joe and Vince on this edition of Horseracing NW. McCanna, 10-time training titlist at EmD, figures to have a stronger local presence this season. Calo calls the races Wednesday-Saturday at Turfway, first race at 2:55 pm. Turfway averages over 10 starters per race and their $0.50 P-5 payoff averages over $40,000!

La Paeria de Balaguer aprova dues mocions de solidaritat amb el País Valencià i els afectats per la dana. També relacionat amb el País Valencià, el ple ha donat llum verda a la donació de les aportacions als grups municipals (uns 4.300 euros) corresponents als mesos d’octubre i novembre a la Fundació Horta Sud D’altra banda, la sessió plenària d’aquest dijous també ha aprovat la moció d’ERC, també presentada amb caràcter d’urgència, per proposar millores per a la connexió ferroviària amb Barcelona La Diputació de Lleida dona llum verda al Pla de Salut per a les anualitats 2024-2026 per un valor de 21,6 M€ destinats a ens locals, EMD i consells comarcals Marc Solanes i Roca, reelegit com a president comarcal de Junts a la Noguera. La nova executiva es marca com a repte guanyar les properes eleccions municipals a la comarca L’audiència de Lleida condemna a 2 anys de presó l’acusat de deixar cec d’un ull un home a Balaguer. També haurà d’indemnitzar la víctima amb 53.677 euros Demanen mantenir a la presó als 3 investigats per explotació sexual a Balaguer. Es tracta dels detinguts a l’octubre quan la policia va alliberar vuit dones prostituïdes en un club i un pis de la ciutat Ferrocarrils de la Generalitat habilitarà un servei d’autobús substitutori entre Balaguer i Lleida els dies 30 de novembre i 1 de desembre en motiu de les obres de construcció del nou pas inferior al baixador de Térmens Les alumnes de La Xemeneia Espai de Dansa seran el cos de ball de l’òpera ‘Orfeo ed Euridice’, sota la direcció i coreografies d’Albert Bonet Balaguer dona aquest divendres ,a 2/4 de 7 de la tarda, el tret de sortida a les Festes de Nadal amb l’encesa de llums a la plaça del Mercadal. L’encarregada d’obrir els llums als carrers i places de la ciutat i de l’Estel d’Orient serà la Polsim L’acte comptarà amb una cantada de nadales a càrrec de l’Escola Municipal de Música, així com amb l’actuació de La Xemeneia-Espai de Dansa. Finalment, els comerciants de la ciutat rebran les bústies per poder anar recollint les cartes dels infants. L’acte acabarà amb una xocolatada popular La Societat Gastronòmica del Comtat d’Urgell inaugura aquest dissabte una exposició retrospetiva a la Sala l’Estudi 76 El Teatre Municipal de Balaguer serà escenari el diumenge d’un concert solidari en benefici de La Marató a càrrec de la soprano Charo Tris Aquest dissabte Artesa de Segre acollirà el concert benèfic “Estimem les nostres arrels”, una cita musical plena de solidaritat i cultura amb Ucraïna Vilanova de Meià celebra dissabte la Setmana de la Pedra Seca, impulsada per la Fundació Coma de Meià per divulgar i preservar aquest patrimoni arquitectònic El dissabte Àger serà l’escenari d’una jornada dedicada als recursos naturals, els espais abandonats i el desenvolupament local. L’activitat tindrà lloc a la Casa del Montsec, i diumenge torna la Fira d’Àger, amb una jornada plena d’activitats tradicionals, culturals i lúdiques per a totes les edats Camarasa celebrarà diumenge una nova edició del Ranxo dels Vaguistes, un esdeveniment que commemora la vaga de la Canadenca El primer equip del Club Futbol Balaguer juga aquest diumenge al municipal contra el Gimnàstic Manresa, un rival directe. El Juvenil visita dissabte el camp del Cerdanyola El Teixidó Associats del Club Bàsquet Balaguer rep aquest dissabte a 2/4 de 7 de la tarda al Viladecans en un partit que es jugarà al 1r d’Octubre de Balaguer. El Q2 Consultors juga a la pista de l’Espanyol El Comtat d’Urgell de futbol sala rep aquest diumenge al 1r d’Octubre al Maials. Abans del partit es farà la presentació de tots els equips del Comtat. El Comtat B juga a Vilasana i el Balaguer Vedruna rep al Llardecans. El femení del Comtat juga a CambrilsDescarregar àudio (46:53 min / 22 MB)

Welcome to a new episode of Get Creative! Today, your host, Ingryd Hernandez, dives into the world of creative real estate finance with Brett Flory, a seasoned member of the Gator Tribe and SubTo communities. In this episode, Brett breaks down an extraordinary $5K earnest money deposit (EMD) deal, discussing unique strategies like cross-collateralization, mutual release forms, and relationship building in the lending world. Whether you're a beginner or experienced investor, this episode is packed with actionable insights and expert advice.   Highlights: "Your name is your value in real estate investing."   "Cross-collateralization secured my funds against two properties."   "Mutual release forms protect your earnest money deposit every time."   "Creative finance is all about minimizing risk and maximizing relationships."   Timestamps 00:01 - Introduction 01:26 - Meet Brett Flory 02:39 - The $5K EMD Deal 03:04 - What Is EMD? 05:47 - Structuring the Deal 09:19 - Due Diligence Matters 11:43 - Cross-Collateralization Strategy 17:49 - $3K Profit in 30 Days 19:19 - Building Relationships 22:10 - Double Closes Explained   ► Join The Subto Community & Learn Creative Finance Directly from Pace:  https://paceapproves.com/subto-gc  ► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals: http://joingatortribe.com/yt    ► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt    ► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions: https://paceapproves.com/tttc-gc    ► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success: https://getcreativepodcast.com/    PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/  TikTok: https://www.tiktok.com/@pacemorby 

Norge har nylig blitt dømt i menneskerettsdomstolen EMD for å bryte bestemmelsen om retten til liv i EMK artikkel 2. Brudd på artikkel 2 er alvorlig, så hvordan kunne dette skje? Merete Smith og Sindre Granly Meldalen forklarer hva dommen går ut på, hvorfor Norge ble dømt og hva som bør skje videre. Vi snakker også om retten til erstatning etter dommene i Høyesterett og EMD.   Et norsk sammendrag av dommen kan leses her Høyesterett om erstatning for ikke-økonomisk tap ved brudd på menneskerettigheter: HR-2024-1169-A (omsorgsovertagelse) HR-2024-1170-A (kroppsvisitasjon) Info om utvalget som ser mer på oppfølging av psykisk syke i fengsel her Mer om kroppsvisitasjon og brudd på artikkel 3 i EMK i episode 97   Er det temaer du har lyst til å høre mer om – eller har du ris, ros eller andre innspill til Jusspodden? Ta kontakt på jusspodden@gmail.com   Neste episode kommer torsdag 28.11!   Jusspodden sponses av stiftelsen Lovdata. Lenker over leder til Lovdatas åpne sider. Jusspodden er uavhengig og Lovdata legger ikke føringer på produksjonen.See omnystudio.com/listener for privacy information.

Susana Casta, vocal de Cultura de l'Entitat Municipal Descentralitzada de Valldoreix visita el programa per parlar de la 30a edici

Det er slutten av måneden og tid for å forklare, dissekere og kritisere de viktigste, skumleste og rareste jussiske nyhetene fra måneden som har gått med Merete Smith (generalsekretær i Advokatforeningen) og Sindre Granly Meldalen (juridisk rådgiver i Presseforbundet og tidligere journalist).   I denne episoden kan du høre hvorfor Marianne synes det skumleste man kan kle seg ut som til Halloween er straffeprosessloven – og hvordan månedens juridiske nyord «jusk» oppstår.   Månedens rettssak: Hva kan Bærum-søstrene straffes for? Vi forteller om saken, tiltalepunktene og husarbeid som straffbar deltagelse etter HR-2022-2418-A   Månedens rettsprosess: For 6 år siden forsvant Anne Elisabeth Hagen fra sitt hjem og saken har vært tragisk, dramatisk og kritisert. Nå er siktelsen mot Tom Hagen henlagt og han er sjekket ut av saken. Vi forteller om prosessen fra drapssiktelse til renvaskelse, de ulike henleggelsesgrunnene og prøver å finne ut om det kan bli ny straffeforfølgning i henlagte saker hvis det kommer nye bevis.   Månedens dom: Er selvplagiat fusk? Konklusjon i fuskeføljetongen med ny dom fra Høyesterett i HR-2024-1869-A   Månedens lov: Aldersgrense på sosiale medier – har det noe for seg? Mer info om den foreslåtte regelendringen her.   I oktober ble også Norge dømt i menneskerettsdomstolen EMD for brudd på bestemmelsen om rett til liv (artikkel 2). Den saken forteller Jusspodden mer om i neste episode, som kommer 14. november.   Er det noen andre saker eller dommer fra oktober du gjerne skulle hørt mer om? Ta kontakt på jusspodden@gmail.com!   Jusspodden sponses av stiftelsen Lovdata. Lenker over leder til Lovdatas åpne sider. Jusspodden er uavhengig og Lovdata legger ikke føringer på produksjonen.See omnystudio.com/listener for privacy information.

This week's show includes an interview with the current #6 rated jockey in the world, Christophe Lemaire. Lemaire has been dominant in Japan for several years and is renowned from successes world-wide. He's involved with furthering interest in racing through hip-hop music with EmD owner Greg Conley and others. Also, trainer Tom Wenzel remembers beloved groom Darrell LaFrance, who passed away last month after eight decades in the sport. It's off-season mode at Emerald Downs and full card simulcasting continues, seven days a week. The 2024 Breeders' Cup is just three weeks away, Nov. 1-2. The Fifth Floor will open early those days with seating first-come, first-served. Book a suite or a room for Breeder's Cup days through the EmD Group Events department. Call 253-288-7700 to book any meeting or event, including a Christmas party!

Sunday is Italian Day at Emerald Downs! Italian food, music, beer and drinks are the fare along with Tony LaStella, the Sorelli's Pizza Eating Contest and a bocce ball tourney. Saturday has $1 specials all around the track including hot dogs, popcorn, ice cream, soda pop, doughnuts and muffins. First race on Saturday and Sunday goes at 1:30. The theme this week on “Horseracing NW,” is lifelong care of the Thoroughbred race horse. Owner Victor Bahna has written “Heliacal Star,” a novel about an at-risk runner and his cloudy future. There's plenty of intrigue in this thriller. Bahna will be selling his book at EmD on Sunday. Ann-Kathrin Zemann, Deputy Secretary for the WHRC, has fulfilled her lifelong goal of being an owner of a retired Thoroughbred and she tells her story with enthusiasm.

Watch this episode to learn about “Empathy Dysfunction” (EMD) and how to increase relational empathy with someone on the EMD spectrum. Dr. Kathy Marshack is a licensed psychologist and author of several books that explore how to understand and improve relationships with people on the Autism spectrum. In this episode, she describes her EMD (Empathy Dysfunction) scale and how to become a “Radiant Empathy Angel." 00:00 Preview 00:26 Introduction 00:44 About Dr. Kathy Marshack 02:36 Kathy's personal backstory that led her to write When Empathy Fails 04:44 What is “Empathy Dysfunction" (EMD)? 07:04 What's the difference between affective vs. cognitive empathy? 11:04 How to recognize subtle signals in order to respond empathically 15:12 Going Over the Edge: Life with a Partner or Spouse with Asperger Syndrome 18:27 Exploring the EMD (Empathy Dysfunction) spectrum: EMD 0 or 0+ 19:22 EMD 1 22:59 EMD 2 23:38 EMD 3 24:04 EMD 4 24:45 EMD 5 28:13 How to become a "Radiant Empathy Angel" 31:06 The purpose of radiant empathy is self-transcendence 33:57 Kathy Marshack's Purposeful Empathy Story CONNECT WITH ANITA ✩ Email purposefulempathy@gmail.com ✩ Website https://www.anitanowak.com/ ✩ Buy a copy of Purposeful Empathy http://tiny.cc/PurposefulEmpathyCA ✩ LinkedIn https://www.linkedin.com/in/anitanowak/ ✩ Instagram https://tinyurl.com/anitanowakinstagram ✩ Facebook Page https://tinyurl.com/PurposefulEmpathyFacebook ✩ Podcast Audio https://tinyurl.com/PurposefulEmpathyPodcast SHOW NOTES ✩ Buy a copy of Dr. Kathy Marshack's books https://kmarshack.com/books/ Video Edited by David Tsvariani

It's just over a week to the 89th Longacres Mile and that's a prominent subject on this week's Horse Racing NW. The past two Mile winners are expected to race – Slew's Tiz Whiz from 2022 and Five Star General from last year. Special events such as “Breakfast At the Wire,” “The Railbird Rally” and “Dancing at the Downs,” are all upcoming this month at Emerald Downs. Go to emeralddowns.com for more information. Leading trainer Justin Evans joins Joe and Vince and speaks to topics such as his current season, dealing with new horses in the barn and also four nominees to the August 11 Longacres Mile. Evans is seeking his second straight EmD training title and is currently in 11th place in North America with 84 wins in 2024.

I'm thrilled to host my friend & colleague, Arjun Saraf (CPA, CA, EMD). We focus on Mortgage Investment Corporations, with a focus on understanding the challenges in the current environment & key considerations when navigating this investment strategy.Discussion points:- Arjun's professional background (5:33)- Quick overview on New Haven's MIC (6:57)- Understanding equity based lending (8:50)- How does a high interest interest rate environment impact a MIC? (12:00)- The MIC business landscape today (15:07)- Tax treatment of MIC investment income (17:41)- Current trends on arrears (18:25)- Thoughts on interest rates (25:45)- Risk mitigations strategies within a MIC (29:40)- Key lessons learned running a business in this environment (35:13)- MICs vs other fixed income investment strategies today & when rates fall (36:30)- 3 Key questions to ask before investing in a MIC (39:40)- Time to liquidity/getting your money out (43:20)- Arjun's most valuable lesson (47:25)- My perspectives (49:50)Yatin:Email: beyondmdpodcast@gmail.com LinkedIn: Yatin ChadhaArjun:asaraf@integratedequities.comhttps://www.linkedin.com/in/arjun-saraf-cpa-ca-emd-b0667022/https://www.newhavenmortgage.com/

As the geopolitical landscape continues to shift in light of recent global election results, the consequential economic effects are becoming a primary focus in the investment sphere. This episode dives into the latest election outcomes in both developed and emerging nations, the growing divide in electorates, and the impact of these elections on fiscal deficits. This episode features PGIM Fixed Income's Katharine Neiss, PhD, Deputy Head of Global Economics and Chief European Economist, Mehill Marku, Head Geopolitical Analyst, Cathy Hepworth, CFA, Head of Emerging Markets Debt, and host Tom Porcelli, Chief U.S. Economist. Recorded on July 16, 2024.

Every investor would love some extra cash flow…but at what cost? Does it make sense to go all in on a large down payment so that more money trickles in each month? If you want minimal debt, have no plans to scale, and are confident that your new property will appreciate, perhaps. But if your goal is to buy more rental properties and build your portfolio as quickly as possible, there are much better ways to leverage your cash position. In this Seeing Greene, we help a new investor navigate this exact scenario when buying his first property!   Next, we hear from someone whose earnest money deposit (EMD) is wrapped up in a failed medium-term rental. Should she cut her losses and walk away from the deal or weather the storm until the property can cash flow? Stick around to find out! Finally, we chat with an investor who has gone over his rehab budget and finds himself knee-deep in high-interest credit card debt. David and Rob walk him through the steps that will allow him to consolidate his bad debt and turn a ROUGH situation into MORE rentals! Get a BIG incentive on turnkey rentals from today's show sponsor, Rent to Retirement. Visit them at RentToRetirement.com or text "REI" to 33777!   In This Episode We Cover Whether you should ever force cash flow with a larger down payment The BEST first rental property to buy (and how much money you'll need) Saving up for ONE property versus buying multiple rentals Creative ways to get out of a BAD deal (and when to ride it out instead!) How to get back in the green after overshooting your rehab budget And So Much More! (00:00) Intro (01:30) Which Rental Should I Buy? (07:34) The Medium-Term Rental Fiasco (15:23) Comment Section Callout (19:06) Help, I've Gone OVER Budget! (33:05) Ask Us Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-977 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cash offer blues got you down? Land more solid deals and keep buyers engaged with Todd Toback's "6 Things to Never Say to a Cash Buyer." Boost your negotiation skills and avoid common pitfalls.Take your cash buyer strategy to the next level. Listen now!---------Show notes:(0:40) Beginning of today's episode(1:04) Six thing that you should never say to a cash buyer(1:10) Your cash buyer should be competing with your deals at all times(2:20) Never say “I'll take less”(4:49) Collect your EMD every single deal(5:40) Don't convince your buyers that it is a really good deal----------Resources:To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

On today's Wholesale Hotline Podcast (Subto Edition), Pace Morby talks with his lender on getting paid for every deal he brings her. Show notes -- in this episode we'll cover: Pace breaks down Gator 1 vs Gator 2 vs Gator 3. Why Pace loves Gator 2. Why you should spend less time on EMD loans.   ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ☎️ Welcome to Wholesale Hotline & Subto Breakout✌️✌️! ☎️ Need discounts and free trials!? Check this out for the softwares/websites/contracts/scripts/etc we use in our business: ✌️ https://shor.by/pace-youtube ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

Welcome to the Get Creative podcast! In this episode, Britt Christian delves into her successful real estate deals, all made possible through the SubTo and Gator communities. Britt shares how she navigated challenges, leveraged community support, and made substantial returns on her investments. This episode is packed with insights into earnest money deposits (EMD), creative financing, and the power of a supportive community.   Highlights:   "Applied knowledge is power because you can learn stuff and not do anything with it, and it's not gonna take you anywhere."   "Positive conversations can release oxytocin, making us feel better and more energized."   "Everyone can bring value regardless of where your background is from or where you live."   Timestamps: 00:01 - Introduction to Get Creative Podcast 00:35 - 18-Minute Challenge and Community Impact 01:41 - Understanding EMD (Earnest Money Deposit) 02:42 - Leveraging Community for Opportunities 03:49 - Learning from Mistakes 06:13 - Swift Returns on Investment 08:08 - Ensuring Safe Transactions 09:57 - Joining Gator by Mistake 13:18 - Benefits of a Transaction Coordinator (TC) 17:28 - Sage Advice for New Investors   Join my Gator mentorship: joingatortribe.com   Join Our Free Facebook Group: https://paceapproves.com/fbg-pod

How is Al reshaping and changing the music industry, from composition to production and everything in between? Should there be a separate awards ceremony for AI music artists? Neel Lee Chauhan, Founder of MNDLB5 (Mind Labs) and former Music Music DJ turned tech entrepreneur joins me to uncover the ethical dilemmas, creative potentials, and future possibilities of AI in music. Join us as we get rebelliously curious. Paper: https://academic.oup.com/pnasnexus/ar... Watch the YouTube interview - https://www.youtube.com/watch?v=3oq6-yjbp98 Follow Chrissy Newton: Winner of the Canadian Podcast Awards for Best Science Series. YouTube: https://www.youtube.com/channel/UCM32gjHqMnYl_MOHZetC8Eg  Instagram: https://www.instagram.com/beingchrissynewton/  Twitter: https://twitter.com/chrissynewton?lang=en Facebook: https://www.facebook.com/BeingChrissyNewton  Chrissy Newton's Website: https://chrissynewton.com Top Canadian Science Podcast: https://podcasts.feedspot.com/canadian_science_podcasts/ 

Double the action, double the good weather at Emerald Downs for Week #2! Two days of great racing coming up this Saturday and Sunday, May 11-12. It was a bit damp on Opening Day last Saturday but spectacular, summer-type weather is predicted for this weekend. Sunday is Mother's Day and all women attendees are eligible for the traditional prize drawings. Fill out the free entry blank upon arriving. Track President Phil Ziegler joins Joe and Vince this week. He speaks to the upcoming season, improvements for fans over the first day, opportunities for fans to get further involved and some financial aspects of year-to-year operations. Veteran jockey agent at Turf Paradise Chad Anderson gives information on EmD new jockeys Karlo Lopez, Brayan Pena and Luis Reyes, who all ride here for the first time this weekend.

Navigating the volatile landscape of geopolitics and its implications on emerging markets has become critical in this uncertain economic climate. In this episode, we provide an in-depth analysis of the current geopolitical landscape, its profound impact on emerging markets, and the risk factors on our radar. This episode features PGIM Fixed Income's Cathy Hepworth, CFA, Head of Emerging Markets Debt, Mehill Marku, Lead Geopolitical Analyst, and host, Tom Porcelli, Chief U.S. Economist. Recorded on April 23, 2024.

Er klimaendringer og klimakamp et spørsmål om politikk som skal være opp til våre folkevalgte eller er det også et spørsmål om juss og menneskerettigheter? Det har vært en debatt over mange år og nå har menneskerettsdomstolen EMD sett på spørsmålet. Gjest Marius Gulbranson forteller hva dommen går ut på, hvilke konsekvenser den vil ha for Sveits og kan ha for Norge, og hva som vil skje videre.See omnystudio.com/listener for privacy information.

Come to Emerald Downs on Saturday and root for Lonesome Boy in the $750-k Wood Memorial at Aqueduct! Lonesome Boy is the first Washington-bred to race in the Wood since Smokin Mel finished third in 1997. John Parker, top owner at EmD in six of the past nine seasons, campaigns Lonesome Boy, a son of Nationhood. Parker and family will make the trip for the big event. The race goes at 1:05 pm, EmD time. Parker joins Joe and Vince on this special edition of Horseracing NW. Lonesome Boy has won at Aqueduct in January and followed that with a stakes victory at Parx last month. Also a guest is John Lindley, top northwest handicapper. He'll look at the Wood and also the Blue Grass and Santa Anita Derby, all Saturday events. Opening Day at Emerald Downs is just four weeks away, Saturday May 4. It's also Kentucky Derby day.

Fuzzy Swing never worked for Tower Records, but he worked at Tower Records in San Francisco as an inventory rep and sales associate on behalf of RCA. In addition to Tower, he had several mom & pop independent stores in the Bay Area. In later years Fuzzy was promoted to sales covering the Sacramento area stores Tower Broadway, Tower Citrus Heights, Tower K Street, Tower Stockton, Tower Chico, and Tower Fresno as well as calling on Tower International and working with the team at Corporate. Fuzzy eventually moved over to CEMA, later EMD holding the position of Regional Director where he came into contact with many more Tower stores nationally. Not bad for a guy who started his retail career in North Carolina in 1970, working for several indie record stores, focusing as a singles buyer, and managing the rock and roll band Frog Level. On this week's episode, Fuzzy walks us through all of this and more. We talk about his visits to Tower Annual Conferences, the annual Halloween parties CEMA threw at the top of the Space Needle in Seattle, Fuzzy's interactions with Russ Solomon and his famous nephew Adam Lambert of American Idol and Queen fame. And as we mentioned at the top, though Fuzzy never worked at Tower, he ended up marrying Tower...he'll explain it all to you in this episode. 

Tom Harris is back as Track Announcer at Emerald Downs! Harris, the always popular race caller, had the EmD job from 2018-21 and speaks to his long announcing history and return to Auburn. Jon White is also a guest, now as a new member in the Washington Thoroughbred Hall of Fame. White has worked in racing since 1974, the past 40+ in California, but has never forgotten his northwest roots. He's been an ever-present contributor in the Emerald Downs era in radio, tv, internet and print. With morning training underway at Emerald Downs, the Quarter Chute Café is open Wednesday through Sunday until 2 pm. The 2024 season begins on Saturday, May 4. Emerald Downs 5th Floor is open seven days a week for full card simulcasting with the popular Quick Pix food and beverage stand open longer on Saturday and Sunday, until 6 pm.

We have Eric O. With us again. This time he explains some of the differences between EMD's SD40, SD40-2, & SD45 locomotives. YouTube: Warbonds - Eric;s Channel Like what you hear, check out our YouTube channel & our TikTok Account as well for videos!!! www.ModelRailroadTalk.com ModelRailroadTalk@gmail.com www.Patreon.com/ModelRailroadTalk

A group of new IAED Instructors discuss their experiences taking the EMD and EFD Instructor courses. The guests are Miguel Garcia and Nicole Smith with the Sarasota County Fire Department in Florida, Bernhard Eisenbock with Notruf Niederösterreich in Lower Austria, Brooke Dittfurth with Acadian Ambulance Service in Texas, Joanna Overton with El Paso Regional Communications Center in Texas, and Diane Verrault with Groupe Alerte Santé in Quebec. They talk about their street experience in emergency response, things that surprised them as they’ve begun to teach, and advice for other people thinking about applying. For Your Information: Miguel’s segment—1:33 Nicole’s segment—11:35 Bernhard’s (Bobby’s) segment—21:48 Brooke’s segment—32:20 Joanna’s segment—44:47 Diane’s segment—55:52 Listen to Eric Fayad talk about the Academy side of things: https://www.aedrjournal.org/the-instructor-academy-with-eric-fayad Listen to recent graduates of the Instructor Academy talk about their experiences: https://www.aedrjournal.org/future-instructors-with-michelle-vetter-deborah-mccombs-matthew-foletti-and-david-emerson Email Eric with your questions: eric (dot) fayad (at) emergencydispatch (dot) org

Michelle Vetter, Senior Public Safety Telecommunicator with Morris County Communications in New Jersey, Deborah McCombs, Emergency Calltaker III with Prince George’s County in Maryland, Matthew Foletti, an officer with the Met Police in London, and David Emerson, a senior clinician in Australia, discuss their experiences taking the EMD and EPD Instructor courses. They talk about their street experience in emergency response, things that surprised them as they’ve begun to teach, and advice for other people thinking about applying. For Your Information: Michelle’s segment—01:25 Deborah’s segment—13:36 Matthew’s segment—20:13 David’s segment—29:14 Listen to Eric Fayad talk about the Academy side of things: https://www.aedrjournal.org/the-instructor-academy-with-eric-fayad

In today's market, I've heard one too many horror stories about multifamily operators loosing their Earnest Money Deposits (EMD) for numerous reasons... and these aren't small checks either (think multiple hundreds of thousands!). It's even worse when you lose the money of your passive investors/limited partners in the deal!So when exactly does your EMD turn from refundable to nonrefundable?When's the last point you can get your EMD back?What should you NEVER do (unless you find a serious red flag)!Listen in for answers to these and tips on how to protect yourself!If you haven't yet subscribed to our parent podcast Share The Wealth Show subscribe to this channel! ________________________________Interested in investing in small multifamily?Learn more about The Microfamily Mavericks mentorship program here: https://noirvestholdings.kartra.com/page/microfamilymavericks Check out our podcast website!Thesharethewealthshow.com

Emerald Downs concluded the 2023 season on a high note last Sunday, September 17, and Joe and Vince recap the action that decided several season-ending honors including Slew's Tiz Whiz earning his second consecutive Horse of the Meeting title. Thanks to all who made the year memorable – the fans and handicappers, the horsemen and their grooms, EmD staff and officials and, of course the horses! Trainer Tom Wenzel joins Joe and Vince and speaks to his great season that ended on a very high note. Closing day, Slew's Tiz Whiz took the Muckleshoot Tribal Classic and Miner League won the Gottstein Futurity. Wenzel tied a record in earning his third consecutive Gottstein, all for owner George Todaro. Bill McMeans won three straight Gottsteins at Longacres, 1970-72. Wenzel had seven stakes wins to lead all trainers. EmD open seven days a week for full card simulcasting.

It's Closing weekend at Emerald Downs this Saturday and Sunday, September 16-17. The season that began on May 6 concludes early Sunday evening after an 11-race card that will decide many honorees among horse and human participants. Categories in the balance are Horse of the Meeting, Older Filly/Mare, both Juvenile sex divisions and Top Washington-bred. The three stakes on Sunday – Washington Cup Filly and Mare, Muckleshoot Tribal Classic and Gottstein Futurity will decide many honors. Joining Joe, Vince and Bill are top handicapper John Lindley and jockey agent David “Marbles” Singer. Lindley, the handicapper of “Parker's” tip sheet and the author of emeralddowns.com's “Trip Notes,” has had another successful year. His knowledge, experience, recall and attention to detail has led him to success year-in, year-out from Longacres days forward. Singer made book for the leading rider again this year, Alex Cruz. It's the ninth consecutive season he's done that at EmD. He also agented for runner-up Luis Negron and fourth in the standings Kevin Radke.

Fan Appreciation Day this Sunday! Free admission for all on Sunday Sept. 10 at Emerald Downs. Add to that, numerous food and beverage specials at concession stands and bars. Racing Saturday, too, starting at 5 pm. That's also the schedule for closing week, Sept. 16-17 – 5 pm Saturday and 2 pm Sunday. Trainer Blaine Wright and Turf Writer Paul Beattie join Joe, Vince and Bill this week on the podcast. Wright has several promising juveniles and, of course, top three-year-olds in Clovisconnection (two stakes wins) and Prince Abu Dhabi (Muckleshoot Derby winner). Wright has much to look forward to toward the end of this season and in 2024. One can follow Beattie's comprehensive coverage of EmD at elisportsnetwork.com.

September has arrived and the EmD schedule is Saturday-Sunday for the final three weekends of live racing. This Sunday, Sept. 3, is “Italian Day” with the usual Italian music, dancing, food/beverage and the popular Sorelli Pizza Eating Contest. Sorelli's owner/operator Kelly Dougan joins Joe, Vince and Bill – talking pizza and horse racing. Prominent breeder/owner Keith Swagerty joins the crew to speak about an exciting future home for Emerald Downs all-time top winning horse, the Swagerty-bred Mike Man's Gold. The 26-time winner will head to Kentucky later this month and his permanent home. Jockey Alex Cruz is on track to become the first rider to win four consecutive titles at a major Washington track that includes Longacres, Playfair and Yakima Meadows. Plenty of other stats, too, and the usual sports shorts, selection and trivia.

More great racing and entertainment this weekend at Emerald Downs! It's our final Fab Friday, August 25, with its food/beverage specials and horseshoe toss sponsored by the Seattle T-Birds and KJR radio. Sunday offers two Washington Cup stakes races – one for juvenile colts/geldings, the other for two-year-old fillies. And, Sunday is Wiener Dog Day at the races – the doggies that started it all! Joe, Vince and Bill's guests are Longacres Mile winning trainer Grant Forster and three-time EmD jockey champ Rocco Bowen. Forster is back at his Midwest base and Bowen will be here Sunday, riding two top chances in the Washington Cup stakes. “Sport Shorts,” selections and an easier trivia question, too, on “Horseracing NW.”

A memorable “Mile Day” is followed this weekend with three days of racing, including the meet's two Quarter Horse stakes races. Plus, Sunday is “T-Rex Day” at the track. EmD is on a historical mission to find the top T-Rex runner going back tens of thousands of years! There's going to be several heats, a championship dash and a T-Rex kids race too. All T-Rex's get in free on Sunday. WTBOA President Dana Halvorson joins Joe, Vince and Bill for this week's ‘cast. Halvorson and WTBOA staff put on the annual Summer Yearling Sale, next Tuesday, August 22 at 1 pm. Many highlights in this year's sale including the first yearlings sired by 2018 Longacres Mile champion Barkley, a half-brother to Slew's Tiz Whiz and a full brother to last month's Sanford Stakes winner at Saratoga.

We're joined today by Elisabeth Colleran, who's a vice president of Loomis Sayles and a portfolio manager for the emerging market debt portfolios. So that is today's topic, EMD and EM corporates in particular.

The Longacres Mile is just three weeks away and further positioning for local starters happens this Sunday in the Governor's Stakes at 6 1/2 furlongs. Defending champion Slew's Tiz Whiz is back after a furious runner-up finish in his seasonal debut June 25. Bridleuptothebar won that Budweiser stakes last month and he's back along with eight others. It's a stakes doubleheader that includes the Washington State Legislators Stakes as race #4. The first of three “Breakfast At the Wire” shows is this Sunday at 8 am on track level. It goes from 8-10 am and a free breakfast burrito is available for all attendees. Horse owner Dean Mazzuca is the affable host. Saturday night, first race is 5 pm and it's "Ladies Night" at the races. Free admission for all gals, a complimentary chocolate bar upon entry and prize drawings for the distaffers, too. Sunday, one of the biggest attendances of the year, it's Corgi Day at EmD!

Today's guest is Vernon Beckford    Vernon is the CEO of Diversified Lending Solutions, a capital advisory firm that offers loans to small to medium-sized real estate companies. He has 15 years of experience in investment management and a background in tech and commercial real estate. -------------------------------------------------------------- Introduction [00:00:00] Guest's background [00:00:37] Similarities and differences between distressed mortgages and today's market [00:07:45] Poor Underwriting and Quiet Pain in the Market [00:08:48] Types of Deals and Alternative Sources of Capital [00:11:01] Lending on Earnest Money Deposits and Risk Mitigation [00:13:54] Reducing Risk [00:18:27] Unnecessary Information [00:19:18] Contact Information [00:22:03] -------------------------------------------------------------- Connect with Vernon:  Linkedin: https://www.linkedin.com/in/vernon-beckford-77ba17/ Web: https://www.dlsloans.com/   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Vernon Beckford (00:00:00) - I, I think there's a lot of quiet pain in the market. There are a lot of folks, I think, especially within the syndicator community, that didn't overcapitalize their deals. So if you're now in a position where you're going back to a lender and they're saying, Hey, we need to b you to buy new interest rate cap, but we need you to replenish an interest reserve, and you don't have millions of dollars just sitting on, on the sidelines, that becomes a very, very difficult conversation.   Intro (00:00:24) - Welcome to the How to Scale commercial real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:37) - Vernon Beckford is the c e o of Diversified Lending Solutions, a capital advisory firm that offers loans to small and medium sized real estate companies. Vernon, welcome to the show.   Vernon Beckford (00:00:48) - Great to be here, Sam. Thanks for having me.   Sam Wilson (00:00:49) - Absolutely. Vernon, there are three questions I ask every guest who comes in the show in 90 seconds or less. Can you tell me where did you start? Where are you now, and how did you get there?   Vernon Beckford (00:00:57) - Sure. Where did I start? Uh, I started, uh, in investment banking. Um, in, you know, in, in, in how I got there. Uh, I was studying entrepreneurship in high school. That motivated me to apply to Columbia University where, uh, I graduated. And during that process, uh, I fell in love with the idea of learning about business and banking seemed like a great place for me to, uh, cut my teeth.   Sam Wilson (00:01:27) - That's awesome. And have you been in the banking sector from I guess that point all the way until now?   Vernon Beckford (00:01:33) - No. So I was fortunate or, or unfortunate enough to, to go through the great financial crisis. So when I came out, the market was as hot as you could a minute, and walking around as a banker was the coolest thing you could be doing in New York City. Um, and then, uh, you know, by 2008, uh, when the market exploded, I'm still relatively young in my career. Uh, and, and, and that kind of set everything on a different trajectory. So had I been a little bit earlier, a little bit later, I may have stayed, but that was really one of the, uh, the pivot points. And from that point, um, I did a whole host of things in commercial real estate, but that was, that was the first chapter.   Sam Wilson (00:02:12) - Got it. What'd you move into in commercial real estate and how did you discover opportunity in the midst of the 2008, 2009 crisis?   Vernon Beckford (00:02:20) - Su it's such a good question. So  at the time, uh, and it, it, it's, you know, it, you look back and it was a crazy time. There were so many loans that had exploded, right? Yeah. That there was an instant overnight opportunity, which was how do you work out these loans? How do you potentially buy them? How do you re use that as a way to get into real estate? So I started a company that basically helped large investors evaluate these large pools of defaulted mortgages. And as you'd imagine, there was, uh, a lot of distress. And so I learned a ton. And that was a really, actually, actually fun time because you have to be creative to think about how you can actually spot the opportunity in those investments. I then got hired off by a company called CW Capital, which is one of the largest, uh, special servicers in the country. And special servicers do what? They take these defaulted loans and they figure out a way to work them through the system. So even though I left working at a bank, uh, my role was still very much in the financial service industry and in the capital markets. And then it just developed from there.   Sam Wilson (00:03:27) - Man, that's really, really cool. So you figured out a way to evaluate the stressed mortgages. I'd love maybe, you know, as we get into more of this show, hear kind of how you've taken that experience and you're comparing some of those markers that you saw in those defaulted mortgages to the things you're looking at today   Vernon Beckford (00:03:46) - And see if there's   Sam Wilson (00:03:46) - Sure. Any correlation on that front. But what was the next step? I mean, now you're, now you're lending to medium, small to medium sized real estate, um, companies. Yep. So what, what is that business today and what, and why, I guess, you know, did you see, did you see the opportunity in this?   Vernon Beckford (00:04:03) - Yeah, so, so in the midst of me doing all of the very big corporate stuff, I, I, I noticed what I felt to be a really troubling trend, which was every time I wanted to go off and do a small deal by myself or with my buddies and get financing or funding, it felt like it was like moving mountains. It, it was always, uh, an issue. And as I went through my corporate background and was working on these big financings, I mean, after the distress, I worked at a big investment shop and we were doing all this really cool stuff, but it was always involved in really big transac transactions that helped big firms get bigger. Right? And it felt like once you went back to the small balance space, those opportunities and that transparency wasn't there. The pricing was, was all over the place. There were a bunch of sketchy actors you never knew really who you should be transacting with. So I launched the company Diversified Lending Solutions along my business partner. Cause we wanted to bring that institutional quality to what is just a much more fragmented space and help small operators get the financing they need to grow so that they can be institutional 10, 15 years from now.   Sam Wilson (00:05:12) - Right, right. I mean, I've heard it said a hundred times over that, you know, the, the, uh, the bigger, the bigger deals are just as, just as much and or easier. Um, I guess on the work side of things, uh, you know, as it is the, the really small ones, like you can do a 50 million deal and instead it's the same end or less work than a $500,000 deal.   Vernon Beckford (00:05:30) - Yes. And what I, what I would say is what drives me nuts is where you see, uh, a hardworking, smart, industrious entrepreneur who is just bootstrapping their way one deal at a time to get a little bit bigger. And you said if that person had the right support financially to help them grow faster, there's no reason they couldn't own exponentially more. Right. Whether that be from going from two to four units to buying their 2050 a 200 unit multifamily.   Sam Wilson (00:05:59) - I, I would, I would imagine from just a size of the pie, um, perspective that the reason that big institutions do big deals is cuz there's a lot of money to be made on 'em. And the reasons they don't do small deals is cuz there's not a lot of money to be made on 'em. How do you overcome that challenge?   Vernon Beckford (00:06:17) - Absolutely. So that's spot on. So the way you overcome that obstacle is you have to get as big as you can, as quickly as you can. Mm-hmm. . So for folks, I think the mentality is typically I'm not, I'm not experienced enough yet to do a bigger deal or I don't have enough capital to do a bigger deal, as opposed to are there ways that we can reframe or reposition you to make you attractive to a capital source that will provide you with capital to do a bigger deal. And so from our vantage point, our goal is not to help small guys stay small. Our goal is to help someone who's small, but has all the right endowments to do bigger deals faster.   Sam Wilson (00:06:56) - Got it. I like that. I like that, uh, that, that niche you found. Cuz it is, I mean as you know, I'm, I'm preaching to the, to the man that already knows, but you know that there's a need there. Uh, I've experienced it certainly, uh, starting out where it's like, oh my gosh, like this seems impossible. Some of these smaller balanced, smaller balanced loans and, and they are, they're just as much work, uh, as some of the bigger stuff that we have. Let's go back to your experience then with that in mind. Looking at the distressed mortgages that, sorry, I'm a hands talker. Um, looking at, at the distress for those you're watching on YouTube, they can't, you know, you, you know what I'm talking about, but if you're listening, you have no idea. Um, but evaluating those distressed mortgages in the, in kind of the markers in the, in the, the hallmarks of why those went into distress compared to what you're seeing today. Any, any, any correlation there?   Vernon Beckford (00:07:45) - Well, the core there, there are a couple very strong similarity and a couple big, you know, um, um, complete binary opposites. What makes them similar? Well, um, if there's stress to the cash flows, right, that's a early indicator that there may be some distress. In today's market, what's driving the stress has been the rapid increase of in interest rates. And so interest rates have gone up so fast, right? That they haven't been able to, they being an operator increase their NOI enough to offset the fact that their borrowing costs are so high and now that their borrowing costs are so high, if they need to go and refinance that property, they're not gonna get nearly as much debt on the property as they would've in the past, which means now they need potentially fresh equity to bring the table. That's a lot of what's driving the distress here in in, in the great financial, uh, crisis.   Vernon Beckford (00:08:48) - A lot of what drove the distress was, I would say poor underwriting. So fundamentally, folks were looking at deals that were being extremely aggressive in their underwriting as, as to what the financial projections of the business plan were. Those plans were not sustainable. And so once it got to a point where that realization was met, of course there, there had to be some, some correction. So I think what makes this cycle a little bit different than that is that the underwriting is far better than it was in the past, right? From the point of view of the lender making the loan. But that doesn't make it life any easier for the operator when now they took out a floating rate loan and now they're borrowing costs of tripled. I mean, so I, I think there's a lot of quiet pain in the market. There are a lot of folks, I think, especially within the syndicator community that didn't overcapitalize their deals. So if you're now in a position where you're going back to a lender and they're saying, Hey, we need to b you to buy new interest rate cap, but we need you to replenish an interest reserve and you don't have millions of dollars just sitting on, on the sidelines, that becomes a very, very difficult conversation.   Sam Wilson (00:09:55) - Yes. Yes, it certainly does. And and do you feel like those, those, um, conversations are being had with a certain, like within a certain loan size or is it just across the board from small to large operators? Like,   Vernon Beckford (00:10:12) - You know, I I tell you, uh, it, it runs the gamut. It really does. I, I was talking to one sponsor, uh, that, uh, owns a, you know, 35 million asset. I was talking to another one that owns a 15 million asset. I was talking another one that owns a $5 million asset mm-hmm. , it, it really runs the spectrum because the, the mechanics of what led to the, to the disconnect are all, are all the same, right? So, so it's just that the magnitude of the problem gets bigger, the bigger the deal you have because you're talking with, you know, bigger numbers. Right,   Sam Wilson (00:10:46) - Right. Yeah. 30 versus 15, bigger, bigger numbers more, uh, more just, yeah. Bigger magnitude on that. Let's talk then about the types of deals that you're getting across the finish line then in today's environment and how you guys are getting it done.   Vernon Beckford (00:11:01) - Sure. Yeah, that's a great question. So it falls within a, I think three or four different types of deals. The one is, uh, traditional debt. How do we get someone a larger loan than they've traditionally gotten in the past? And for us that, that could be a bridge loan, that can be a new construction loan, but that's really in helping frame the operator and the strength of their deal to a new set of lenders that they probably don't have access to. And if they do have access to, they don't know how to speak their language. And so there's a disconnect that prevents them from being able to access that funding. Unfortunately, what we've seen in, in, in the, in the capital markets is with, you know, it feels like another bank is failing every week, but with banks going down, um, they've gotten more defensive.   Vernon Beckford (00:11:48) - And so what that's led to is a preservation of capital, meaning I wanna get repaid on my loans. I don't necessarily wanna put more money out. And so what was, you know, a year ago a great source of debt being the bank sector is now really, really, really difficult to get loans. I mean, those guys are not lending. And so for us, where we've been successful is pivoting and saying, listen, we don't necessarily need to go banking route. We can go to other sources of capital, whether that be a life insurance company, whether that be a debt fund, finding alternative ways and alternative sources of capital when you really can't just take anyone for granted right now. So that's one where, where we're, we're, we're getting deals done, other place we're getting deals done is increasingly in, in restructurings in working with borrowers who are having troubles with their lenders and saying, Hey, let's come in as an intermediary, as a third party.   Vernon Beckford (00:12:42) - We're not emotionally connected to the property, we're not looking at the lenders, the bad guy, and let's come in and try to find a solution that doesn't involve you either having to sell the property when you don't want to or really getting hammered in a way that's gonna prevent you from, from finishing your business plan. So we've been doing, uh, uh, more and more of that in terms of the deal, what I would say, deal formation side. Even though we started our business being a source of debt, what we realized is that folks need a lot of help before they even get to the point they need a loan. So what we started to do is make loans on earnest money deposits. So for instance, if you've got a property and you need to put up an earnest money to get it under control and you don't want to ex fully exhaust your liquidity, we started making loans to, to operators to help them take down those properties. And then the, the other piece of the puzzle is to the extent, because we want you to do bigger deals than you before you needed, uh, to hit certain net worth liquidity thresholds, right? To get a loan, we've started to connect our clients with key principles that step into the deals to help them meet that network liquidity requirement so they can qualify for large loans.   Sam Wilson (00:13:54) - That's really cool. I I like both of those. Let's dig into, I, I've not talked to anyone, at least not recently that I can recall, uh, lending on the earnest money deposit side. How do you guys offset risk on that front without holding the bag for an operator that doesn't get a deal closed or, I mean, that seems like, uh, you know, risky in my opinion. So how do you do that? Well,   Vernon Beckford (00:14:17) - Great question. So it depends, right? Depends. Cuz there're two types of deposits. It could be either a soft earnest money or hard to the extent that it's soft. We feel like that's very, very easy, uh, to underwrite because as long as we have visibility to when the contract, you know, goes hard and we have, uh, you know, uh, assigned the, the money in escrow to a title company we feel comfortable with, then we feel very confident that that that's, that's very easy to underwrite.   Vernon Beckford (00:14:47) - If you're talking about earnest money, you're right, that's a completely different bag because you're now taking the first dollar risk in the deal. And so typical, right? That is very linked to the sponsor. What's their experience? What's their financial strength? Do they have assets at their disposal that represent some multiple to what we're putting up in the EMD so that we have confidence that if for whatever reason they feel so confident that they want to go hard, but they actually don't get it across the finish line, are there other assets at their disposal to help to pay back that loan? So, um, in this market, frankly, we encourage people to the extent possible to, to sign soft, you know, uh, deposits. There was a time, whatever last year where it was like everyone was like, impossible. If I, if I'm gonna get a site, I need to go hard. Now we're in a point where the tide has shifted a little bit. Buyers should be able to recognize they have more leverage, uh, in the negotiations and really po push for soft deposits. Yeah,   Sam Wilson (00:15:46) - Absolutely. Absolutely. Yeah, that, that was gonna be my question is because I think I got a report the other day on the multi-family side of things, transaction volumes down like 70 or 75% year over year. Yep. Just substantial. I mean, yeah, that's not, that's not a 10% decrease. It's a 70% decrease. And so that would seem that it would give people still who are confident enough to make offers a little bit more leverage. Cuz now I mean, that would indicate that for the 10 offers they were getting before, now they're only getting two and a half on those properties at most. Exactly. Exactly. So that's, uh, that's really, really cool. I love hear what you're doing in the space, how you are taking your, your kind of mission it sounds like, is to take that smaller operator and give them, uh, the ladder, if you will, to kind of climb up and do bigger deals over time. What, what are, what, what are some things, I guess as you think about that, that you would say, Hey, here's some things that borrowers need to be doing now, some proactive things they can be doing now. So when they start to have a conversation with yourself that would help kind of expedite this process.   Vernon Beckford (00:16:52) - Yeah, so, so the first thing I would do right, is if you think about the process of going where you are today to where you want to go tomorrow, there are really four, I would say, critical things you need to be doing throughout the process. Um, and, and I say I smile when I say this because I know we all fall in love with our, our deals and, and we've decided that the best things in Slice Brett, but , first thing you, you really gotta do, and this is what we help you with, is do some real litmus testing. So take, take the blinders off that you've fallen in love with it, and let's look at from the point of view of a lender or from an seed investor or a private equity firm, what are the sa the the strengths, weaknesses of this transaction?   Vernon Beckford (00:17:36) - And what is going to prevent somebody else from wanting to invest or support it, right? Mm-hmm.  and, and answer that objectively and, and clearly so you can understand what challenges that you have. The second piece of that puzzle is what I like to call objection smoothing, address objections upfront. Everybody I find leads with why the thing is so great, and then anyone who has a brain starts digging beneath the surface. And that's when deals fall apart, tell me what I should be afraid of and how you're going to resolve it. Mm-hmm. , right? Because that's giving me the sense that you know what you're talking about and you're not just out here buying to buy, but you have a, a philosophy, you have a strategy, and those two things come together on the deal that you're talking about with me right now. After that, I want to focus on what I would call de-risking the deal.   Vernon Beckford (00:18:27) - How do we find a way that regardless of what the deal is, to find ways to reduce my risk, whether it be as a lender or as an investor in the project so that we're not out here, um, exposed when we don't have to be. Right? And then finally, I would say it's thinking through the lens of fact filtering, meaning some people don't share enough information, some people share too much information Hmm. And we wanna find a middle ground where you're sharing enough information that is useful for your investors and your lender to complete the diligence they need to get, feel comfortable in the deal, but you're not inundating them with too much that's either irrelevant or confuses the story or by the point now that you've shared something, they say, oh, well really, I don't like this deal as much as I thought I did because you're giving me new information.   Vernon Beckford (00:19:18) - And we found , I've worked with so many folks that have gotten a deal almost to like the one yard line, and then they shared some information that was completely unnecessary and an investor was like, Nope, I'm out. And, and it was like, if we'd gotten in front of that earlier, there probably was a path to address it. So I say everything when you're thinking about growth is through the lens of am I doing those four things? And really what our job is to take you to a lender where if you were doing a 5 million deal, we can make a justification that you can get a 20 million deal done because you, you've addressed all those four pieces,   Sam Wilson (00:19:53) - Right? I really like that. The, the last one actually came a bit as a surprise, uh, the fact filtering one, but you're so right. Like, I, I can think of several examples in my head that we don't have the time to share on the show, but it, it, it, there's, it's unnecessary. It's like, hey, this is, this is even on call. I was on yesterday with a, uh, it was actually a monthly, it was our monthly investor update. It goes to our all entire brick and investor club. And she's like, Hey, you know, she's, it's our communications director's writing. She goes, Hey, I wanna throw this in there and that, and there I'm like, you know, that's not necessary one because it could, it could instill a lack of confidence and really it's irrelevant. Like in the grand scheme, it was like, it was, it was, we, we figured out what the total loss was and it was like one 10th of 1% in the last five years. And I'm like, yeah, but it sounds really terrible what you're about to say . Like, let's just not put that in there  because it's irrelevant. And it then makes our investors skittish for something that really has almost a non-monetary and or business relevant. So it, uh, I hear it and it, there's those small things that you're like, oh, we doesn't, doesn't, you know, we don't need to talk about that. So it's   Vernon Beckford (00:21:00) - The small things that can muddy the waters. Yeah. And, and I'm, I'm in no way saying ever, um, um, be, uh, always be transparent for sure, right? Be transparent with your lender, be transparent with your investor. But there's a difference between being transparent and and sharing the salient information, right? And just providing, uh, data that muddies the water and confuses folks and now creates concerns unduly. Right.   Sam Wilson (00:21:26) - Right. And that's it. That was it. Yeah, that was, that was that information yesterday. I'm like, that's completely un un you're creating, like you said, un undo concern. Is that the right way to say that? I don't know. Either way.  Vernon, this has been great, man. I love, I love those four things to think about. You've given us a ton to think about here on the show. I like your mission, I like the way you're doing it. I like your background, uh, starting out in commercial real estate and banking, in, in evaluating distress mortgages, how you compare that to what you're seeing today and kind of just what you guys are doing in the marketplace as a whole. I think it's, it's a much needed niche as you're, uh, obviously very well aware. If our listeners wanna get in touch with you and learn more about you, what is the best way to do that?   Vernon Beckford (00:22:03) - Sure, absolutely. Visit us@dlsloans.com. You can also find me on LinkedIn. I respond to dms Vernon Beckford and reach me directly on email vernon dot beckford dls loans.com. And   Sam Wilson (00:22:15) - That's DLS for Diversified Lending Solutions for those of you who are listening. So that's, uh, you said DLS loans.com?   Vernon Beckford (00:22:21) - Correct.   Sam Wilson (00:22:22) - Fantastic. We'll make sure we put that there in the show notes. Vernon, thank you again for coming on the show today. I certainly appreciate it.   Vernon Beckford (00:22:28) - Thank you, Sam.   Sam Wilson (00:22:30) - Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can, do me a favor and subscribe and leave us a review on Apple Podcast, Spotify, Google Podcast, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.      

Max Shah & Eddie Esparza talk with Brian Briscoe about what things to know when just starting out, challenges they have faced, ways to scale your business and systemize what's important. Join our multifamily investing community for FREE for in-depth courses and live networking with like-minded apartment investors at the Tribe of TitansLink to subscribe to YouTube channel: https://tinyurl.com/SubYouTubeDiaryPodcastApple Podcasts: https://tinyurl.com/AppleDiaryPodcast Spotify: https://tinyurl.com/SpotDiaryPodcast Google Podcasts: https://tinyurl.com/GoogleDiaryPodcast Follow us on:Facebook: https://www.facebook.com/DiaryAptInv/ Twitter: https://twitter.com/Diary_Apt_Inv Instagram: https://www.instagram.com/diary_of_an_apartment_investor This episode originally aired on May 12, 2023----Your host, Brian Briscoe, has been a general partner in 1000+ units worth over $100 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He has developed a multifamily education community called the Tribe of Titans that helps aspiring investors learn the game, network with other like-minded professionals, and get their apartment investing business to the next level. He is founder of Streamline Capital Group, which will continue to acquire multifamily assets well into the future. He retired as a Lieutenant Colonel in the United States Marine Corps in 2021.Connect with him on  LinkedInBrian@Steamlinecapital.com----Max ShahMax Shah is the founder of ROS Capital and lives in Panama City Beach Florida. He is investing in real estate since early 2014 and owns  506  doors  between few single-family rentals, short-term rentals, hotels, gas stations, self storage and multifamily.  He also has experience developing new construction homes.   He has a degree in IT,   Super power are  in  assets management EMD due  diligence and with his broad knowledge in real estate, he helps busy professionals invest and create double-digit returns in real estate passively. At the same time creating generational wealth for his investor. To connect with him call or text 860-840-7424.  Learn more about him at: https://www.facebook.com/max.shah1----Eddie EsparzaEddie was born & raised in Chicago, IL. As a first-generation, he was raised with his parents' values of hard work & dedication. He specializes in market research & broker relations. Eddie has experience in real estate, sales, data analysis & tech consulting & uses his background to identify value-add multifamily properties. In his free time Eddie enjoys spending time with family & friends, boxing, trying new foods & playing keep away with his Australian Shepherd.Learn more about him at: https://www.facebook.com/eddieesparza23