No Cap by CRE Daily Opportunities in Lending & Real Estate Debt w/ Richard Byrne, President, Benefit Street Partners
Season 1, Episode 13: This season finale of No Cap by CRE Daily features a rare conversation with Richard Byrne, President of Benefit Street Partners and CEO of Franklin BSP Capital Corp. Join hosts Jack Stone and Alex Gornik as they explore Richard’s incredible career—from his early jobs and rapid rise at Merrill Lynch in the 80s to his transition into real estate lending at Benefit Street Partners.
TOPICS
00:00 – Introduction
00:27 – Richard’s Early Life and First Jobs
03:10 – Climbing the Ladder at Merrill Lynch in the 80s
08:29 – From Casinos to Deutsche Bank
12:50 – Transition to Real Estate Lending
20:49 – Early Involvement with RFT
22:28 – Exploring FBRT and Other Service Lines
24:47 – The Role of Opportunistic Debt Funds (ODFs)
31:51 – Optimism in Today’s Real Estate Market
34:57 – Who’s Still Pursuing Multi-Property Deals
38:38 – Risk Management in Today’s Market
41:15 – Standing Out in the Industry
47:13 – A Banker’s Path to Jiu-Jitsu
58:32 – Advice for Young Professionals
01:01:27 – Conclusion
We want to thank our sponsor Viking Capital.
For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/
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About No Cap Podcast
Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.
About CRE Daily
CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.