Generating Income By Lending on Real Estate

On this week’s episode of THE FINANCIAL COMMUTE, Wealth Advisor Joe Seetoo discusses Pender Capital’s investment strategy with CEO Cory Johnson at Morton’s 2023 Investor Symposium. Pender is a commercial real estate debt lender focusing on the lower middle market in secondary and tertiary markets, especially in Middle America. Cory talks about how the pandemic impacted various sectors and Pender’s strategic shift toward asset types like multifamily and industrial real estate, which showed resilience throughout the pandemic. 

Pender emphasizes principle preservation first and yield generation second. They also focus on underwriting to refinance rather than to sale, which distinguishes them from other lenders. Finally, Cory discusses the opportunities emerging in the current market, especially in private credit, due to the liquidity issues in the banking sector.