Former investment banker turned private lender. Join the newsletter for weekly insights about private credit and how I make hard money loans directly to real estate investors.
🏠 Our flexible tech stack
Hi Reader, I'm excited to announce that we've finally migrated from our original, in-house-built origination and servicing system to a comprehensive, all-in-one SaaS solution. This marks a new era of efficiency and capability for us. The Power of No-Code Solutions Our initial system, a patchwork of no-code solutions, was nothing short of remarkable. For over three years, it supported us through more than 400 loans, a testament to the capabilities of no-code technologies. (I can code now, but I didn't at the time). The system's simplicity and flexibility were its strengths, serving us well beyond our initial expectations. Why the Upgrade? As we grew, our needs evolved. Key factors driving our upgrade included the need for a more robust servicing solution with NACHA file capabilities and the integration of an investor module. A Tech-Stack Breakdown for Smaller Lenders For smaller lenders or individuals managing a loan portfolio, starting with a no-code, Airtable-based system can be both cost-effective and sufficient. Here’s a glimpse into the tech stack that powered our operations:
Looking Ahead Our new SaaS platform is a leap forward, offering more than just loan servicing. It's a comprehensive suite designed to scale, manage complex scenarios, and enhance investor relations. This upgrade is part of our commitment to staying at the forefront of lending technology, ensuring we provide our clients and investors the best service. Thanks for reading! |
Be the Bank
Former investment banker turned private lender. Join the newsletter for weekly insights about private credit and how I make hard money loans directly to real estate investors.
Hi Reader, The year kicked off with a flurry of activity at Longleaf. Here’s a snapshot of what we’ve been up to, showcasing our growth and some of the fun projects we've been working on. The new landing page Website Redesign Last year, I embarked on a coding journey, leading to our website's recent relaunch. This transformation was strategic, aiming for more than just aesthetic appeal: Upgraded Professionalism: The new design is clean, intuitive, and designed to resonate with a wider...
Hi Reader, Before we jump into today's topic, I'm excited to share the new Be the Bank site. I ventured into coding this year and developed the site from scratch with Ruby/Rails and TailwindUI. It's pretty simple for now, but I have some fun features planned for the upcoming year. For now, you can revisit older editions of the Be the Bank newsletter. Earlier this year, I wrote about why we're funding more new construction projects, highlighting the surge in such ventures we've financed. This...
Hi Reader, Back in 2007, my foray into retirement investing began with the government's Thrift Savings Plan. By the time I left the service in 2011, I had accumulated a modest portfolio of about $20k — not too shabby considering what they paid us. Since then, I've consistently maxed out my retirement contributions, often taking advantage of company matches to boost growth. My strategy? Predominantly growth stocks, capitalizing on my long investment horizon. This approach has served me well...