with Joe Bettag

ABOUT THE EPISODE

Something is turning in the loan books, and if you hold paper or source your own deals, it’s already moving toward you.

The distress in private credit that keeps getting written off as noise is only getting started. FHA defaults are working loose. The collateral behind a lot of private credit won’t hold up to a hard look. And the firms that packaged it are about to find out what they actually own.

I’ve resolved thousands of distressed situations, and the early tremors always look like this. I wouldn’t be surprised to see a major private equity firm go down this year, and I won’t tell you here where the first crack shows.

The distress is coming either way. The only question is who’s positioned to catch it and who becomes the next file on someone else’s desk.

I sat down with veteran broker and Founder of Benajmin Capital Group, Joe Bettag, who’s been in the distressed game since the subprime crisis, to get into where this actually lands. Pull up a chair.

About Our Guest:
Joe Bettag is CEO and Founder of Benajmin Capital Group, a private equity investment firm specializing in distressed real estate debt/non-performing and semi-performing mortgages, REO’s and commercial development opportunities. Connect further with Joe on LinkedIn.

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First Lien Capital is a privately owned distressed mortgage investment platform focused on the acquisition and timely resolution of sub-performing, non-performing mortgage loans on residential or commercial real estate.

First Lien Resolutions, First Lien Capital’s third-party advisory and special servicing arm for banks, funds, and institutions holding distressed and dislocated debt, delivers end-to-end resolution through engineered outcomes that work for investors, servicers, and borrowers.

Whether you’re a bank, servicer, hedge fund, family office, or institutional investor, let’s talk about what our RESOLUTIONS can do for your book.

Stay connected with Bill Bymel: https://linktr.ee/billbymel

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