Capital Hacking E417: Learn Real Estate Lending & Capitalization from Garrett Miller
In this episode of Capital Hacking, we had the privilege of speaking with Garrett Miller, founder of Washington Square Realty Capital. Garrett shared his fascinating journey from being an Olympian to becoming a leading expert in capital markets and real estate finance. He provided deep insights into structuring large commercial deals, explaining key concepts like capital stacks, preferred equity, and mezzanine debt.
Garrett emphasized the importance of creativity in today’s challenging market, where many projects struggle to pencil out. He shared specific examples of current projects, including a significant conversion in Atlantic City and a multifamily development in Fayetteville, Georgia, while also discussing the impact of recent tax changes in Philadelphia on the real estate landscape.
Ultimate Show Notes:
00:01:03 - Overview of Garrett Miller's expertise in creative financing
00:02:29 - Garrett Miller's background and journey to capital markets
00:04:13 - Discussion of Garrett's Olympic rowing experience
00:05:55 - Transition from development to capital markets advisory
00:10:06 - Explanation of capital stacks and financing structures
00:12:13 - Importance of concise executive summaries in deal presentations
00:20:27 - The role of advisory services in capital markets
00:32:36 - Current challenges in capital markets and the impact of recent changes
00:38:35 - Closing remarks and contact information for Garrett Miller
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We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger.