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#278 - Moses Kagan & Rhett Bennett - Co-Founders of ReSeed Partners - Building the Y-Combinator for Real Estate Operators

The Fort

CHAPTER

The Distress of Sub-Institutional Assets

The last time we went through one of these, so like when we were all getting started in that, the regulators allowed or encourage the banks to extend and pretend on the loans. I think it's reasonably likely that that will not happen this time. There seems to be a willingness from the banks to take back assets that there was not the last time. What I have seen, both in my own market, but also frankly on Twitter, is that there are a lot of under-capitalized syndicators who got into the business to do a 5 million or a 10 million or something. And then crazily, you started seeing them do 20 million and 50 million dollar portfolio about five minutes after

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