Show Me The Money With Michael Derk: Recent Episodes
Michael Derk
This is a show where I sit down with leaders in the Commercial Real Estate Industry to gather insights and perspectives on the commercial real estate landscape and their approach to management, while also hearing personal stories from leaders in the commercial real estate industry.
Joe Hanauer is Chairman of the Move, Inc. Global Advisory Board, operator of Realtor.com. As chairman, he led the sale of the company to News Corp. As principal of Combined Investments, LLC, Mr. Hanauer invests in commercial properties and real estate-related technology companies. He serves on the board and as an advisor for several of these early stage companies. Mr. Hanauer is former Chairman and CEO of Coldwell Banker's global residential businesses, and serves on the Policy Advisory Board of Harvard University Joint Center for Housing Studies where he is former chairman. He is involved in numerous not-for-profits including: Roosevelt University (Chicago), The Laguna Playhouse, and Laguna Art Museum, and others.Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).Links to people and organizations mentioned in the video:Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derkConnect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/Contact Michael directly at michael.derk@marcusmillichap.com
This episode has been sponsored by the well-regarded Property Management and Construction team at Pan American Properties. If you have Property Management or Construction needs, visit their website at https://papinc.com/.This episode has also been sponsored by Neema Ahadian at The Neema Group. Neema is an exceptional investment sales professional in Los Angeles. Reach out to Neema directly at https://www.theneemagroup.com/. Mark A. Schurgin is the Co-Founder and Chairman of The Festival Companies. His sharp entrepreneurial instincts and real estate investment acumen have produced exceptional returns for partners and clients. With over 40 years of national commercial real estate experience, Mark has been involved in the sourcing and creation of more than $5 billion of retail and mixed-use properties. Mark’s development background also includes the development and syndications of more than thirty multi-family and condominium projects. He heads up all investment strategies and investor relationships and oversees the firm’s corporate direction. He serves as Trustee and Executive Board Member of the International Council of Shopping Centers (ICSC) and a Member of the CRC Blue Council of Urban Land Institute (ULI). He is a graduate of the University of Colorado and is an active guest speaker for numerous industry organizations and sits on the executive boards of several charities. In 2008, Mark and Rosalind Schurgin established through the ICSC Foundation the Undergraduate Schurgin Family Foundation Scholarship. The Schurgin Family Foundation gives annual scholarships that provide college tuition assistance to undergraduate students who are studying retail real estate or a related field. The scholarships are the Schurgin family’s legacy to give back to an industry that has brought them so much fulfillment.Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).Links to people and organizations mentioned in the video:Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derkConnect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/Contact Michael directly at michael.derk@marcusmillichap.comConnect with Mark on LinkedIn: https://www.linkedin.com/in/mark-schurgin-ab2b034a/
Kyle Kazan is the Founder and Chairman of Beach Front Property Management, Co-Founder and Managing Partner at Beach Front Properties LLC, and Founder & CEO of Glass House Brands, a vertically integrated cannabis investment company. His portfolio spans residential and commercial properties across the U.S., China and Germany with a focus on distressed properties, earning Kazan a reputation as both an “impact investor” and “vulture investor.” He is a recognized expert in repositioning rundown properties into stable assets as well as a court certified expert in property management. In addition to real estate investing, Kyle has also been involved in the management of venture capital. He has been a Director of the Dalton Distressed Mortgage Fund, Dalton High Yield Mortgage Fund and Kings Bay Investment Company, Ltd. Prior to forming BFPM and BFP, Kyle was a special education teacher and subsequently served for five years in law enforcement where he garnered his expertise in gang and drug identification/eradication. Kyle has extensive experience in repositioning troubled assets, turning them into pride of ownership properties with high occupancy, above market rents and high ratings from residents. He guest lectures about management and investing at NYU Stern Business School, UCLA Anderson Business School, USC Marshall School of Business and at various industry events. Kyle received his BA degree in History from the University of Southern California.Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).Links to people and organizations mentioned in the video:Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derkConnect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/Contact Michael directly at michael.derk@marcusmillichap.comConnect with Danny on LinkedIn: https://www.linkedin.com/in/kyle-kazan-5432a820/
This episode has been sponsored by the well-regarded Property Management and Construction team at Pan American Properties. If you have Property Management or Construction needs, visit their website at https://papinc.com/.This episode has also been sponsored by Neema Ahadian at The Neema Group. Neema is an exceptional investment sales professional in Los Angeles. Reach out to Neema directly at https://www.theneemagroup.com/. Neema Ahadian is a Senior Managing Director of Investments at Marcus & Millichap. He has been at Marcus & Millichap for 23 years and is also the director of The Neema Group. He is recognized for his real estate experience with a specialization in multifamily investments in the Los Angeles area. In addition to being an essential resource to multifamily owners throughout the Los Angeles area and successfully representing both sellers and buyers, Neema has excelled in leading his clients through exchanges into different product types, including local and out of state offices, multifamily properties, retail and shopping centers, and single tenant NNN properties. Neema’s previous apartment management experience, along with facilitating many successful multifamily investment transactions, has enabled him to think like an investor and understand the challenges an investor faces. With this awareness and mindset, Neema is even better capable of finding opportunities and adding value for his clients. Neema also understands the importance of building long-term relationships with his clients, which is fundamental to his business and success. In order to best benefit his clients, Neema is not a transactional broker, as is apparent by the relationships he has cultivated over the years. Neema received his BA from the Marshall School of Business at the University of Southern California, with an emphasis in International Business from the Copenhagen Business School. He is a member of the National Multi-Housing Group and is active in promoting landlord rights.Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).Links to people and organizations mentioned in the video:Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derkConnect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/Contact Michael directly at michael.derk@marcusmillichap.comConnect with Neema on LinkedIn: https://www.linkedin.com/in/neemaahadian/
This episode has been sponsored by the well-regarded Property Management and Construction team at Pan American Properties. If you have Property Management or Construction needs, visit their website at https://papinc.com/.This episode has also been sponsored by Neema Ahadian at The Neema Group. Neema is an exceptional investment sales professional in Los Angeles. Reach out to Neema directly at https://www.theneemagroup.com/. Steven Ludwig has been actively involved in many facets of the real estate industry since 1994. He has significant experience in real estate acquisitions, dispositions, asset management, development, property management and capital sourcing for both public and private companies. Since 2003, he has founded a family of real estate companies, including Coastline Real Estate Advisors, Inc, Tasoro Products, Turnaround Solutions, and Veleta Capital, focused on real estate investment, property management, general contracting, building materials and real estate finance. Prior to founding Coastline, he worked for Colony Capital, a premiere, international real estate investment firm. At Colony, he focused on sourcing and underwriting new property acquisitions while maintaining asset management responsibilities across a wide variety of asset types. He received his Bachelor’s Degree in Business Administration with concentrations in finance and marketing from The Roberto C. Goizueta Business School at Emory University. In addition, he has been a “Big Brother” with Jewish Big Brother Big Sisters of Los Angeles for eight years and is an active participant and fundraiser for the Challenged Athletes Foundation.Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).Links to people and organizations mentioned in the video:Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derkConnect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/Contact Michael directly at michael.derk@marcusmillichap.comConnect with Danny on LinkedIn: https://www.linkedin.com/in/steven-ludwig-16a346/
Mark Silver is the Co-Founder and Chief Investment Officer of Bold Partners where he is responsible for the financial analysis, underwriting, capital acquisition and liquidation plans for the group. He is also the Co-Founder and CIO of Sunday Capital, a transitional lending specialist, originating first-lien asset-backed loans for acquisitions, recapitalizations and value add programs. Previously, Mark was a Director at Blackstone where he worked in their placement business that raised in excess of $220 billion for 154 private equity, hedge funds, and real estate funds. Mark was also a senior project manager on the team responsible for sourcing, analyzing and running client relationships. In addition, prior to joining Blackstone, he was a Senior Analyst at Morgan Joseph TriArtisan Group and HSBC focusing on private placements and convertible securities. Mark also worked in the Industrials Group where he focused on raising pools of equity for management teams. Mark received a BBA in Finance and Accounting from Goizueta Business School at Emory University.
Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).
Links to people and organizations mentioned in the video: Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derk Connect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/ Contact Michael directly at michael.derk@marcusmillichap.com Connect with Danny on LinkedIn: https://www.linkedin.com/in/mark-silver-46584011/
Thank you to Leyton Peterson and the team at Willow Glen Insurance for sponsoring this episode. They are fantastic at what they do and I highly encourage you to check them out at https://www.willowgleninsurance.com/.
John is Co-Founder and Head of Capital Markets for Waterford. Since starting his predecessor firm, Stillwater Investment Group, in 2014, John has acquired and been a partner in over $2.8 billion of office, retail, and apartment assets in Southern California. To acquire these assets, John has created and developed joint venture partnerships with a variety of different capital sources including high net-worth private investors, family offices, and institutional equity funds while leveraging his strong relationships within the brokerage community to source opportunities. Previously, John was a Vice President with Greenlaw Partners in Orange County, where he led the acquisitions and asset management efforts on a portfolio of commercial real estate assets throughout Southern California and Arizona. John began his career as a commercial real estate broker with Grubb & Ellis. John earned his Bachelor of Business Administration from the University of Arizona. He went on to earn his MBA degree as well as his Master in Real Estate Development from the University of Southern California where he has been an adjunct faculty member since 2015. He is an active member of NAIOP both locally and nationally, and an avid swimmer and golfer. He currently resides in Newport Beach with his wife, Laura, and their three children.
Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).
Links to people and organizations mentioned in the video: Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derk Connect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/ Contact Michael directly at michael.derk@marcusmillichap.com Connect with Danny on LinkedIn: https://www.linkedin.com/in/johndrachman/
Thank you to Leyton Peterson and the team at Willow Glen Insurance for sponsoring this episode. They are fantastic at what they do and I highly encourage you to check them out at https://www.willowgleninsurance.com/.
Danny Flores is the Principal of Prime Capital Investments and other various entities within the Real Estate arena. PCI acquires value-add multifamily projects. He spent 16 years in the building industry, from building single family homes to heavy construction, building roadways and waterways. He possesses a Bachelor of Science degree in Business Administration with an emphasis in General Financial Management from the University of Southern California. He worked for Bank of the West syndicating loans in the Middle Market arena. He has been buying multifamily assets since 2000, where he has had numerous projects go full cycle successfully. He enjoys traveling and boating. He has four boys and lives in Newport Beach.Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).Links to people and organizations mentioned in the video:Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derkConnect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/Contact Michael directly at michael.derk@marcusmillichap.comConnect with Danny on LinkedIn: https://www.linkedin.com/in/dannyflores1/
Marco Vartanian is President & CEO of Sullivan Property Management, an apartment management firm headquartered in Santa Ana, California. In his capacity, Marco manages Sullivan’s geographic expansion and guides its strategic direction. By adapting institutional operating controls and property technology systems, Sullivan has established itself as one of Southern California’s leading apartment management firms overseeing over 5,000 units throughout the region. With 22 years of real estate management, investment and leadership experience, Marco is notably recognized as an operational pioneer and technological innovator in the formation of the single family home rental industry. As Executive Vice President of Property Management at Invitation Homes (Ticker: INVH) from 2011-2018, Marco was instrumental in the company’s rapid growth from 2,000 rental homes to over 82,000 rental homes nationwide. Prior to joining Invitation Homes, Marco was Vice President of Asset Management at Buchanan Street Partners, where he managed a portfolio of multi-family and commercial properties across the United States. Marco brings additional principal experience from Maguire Properties and commercial brokerage experience from Cushman & Wakefield, Inc. Marco holds a BS in Business Administration from the University of Southern California’s Marshall School of Business. Marco is a frequent speaker on the technological evolution of the apartment industry and in 2016 received the UC Irvine Center for Real Estate Rising Star Award. Marco lives in Dana Point with his wife and three young children.
Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).
Links to people and organizations mentioned in the video:
Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derk
Connect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/
Contact Michael directly at michael.derk@marcusmillichap.com
Connect with Marco on LinkedIn: https://www.linkedin.com/in/marco-vartanian-674a9846/
Jerry is a Founder and Managing Partner at Bascom Group where he oversees property acquisition, financing, refinancing and disposition. Over the past 26 years, he has developed the firm’s investment strategy of acquiring and repositioning undervalued and distressed multifamily assets. In his career, has overseen the acquisition and disposition of over 157,686 units for total transaction cost in excess of $20.7 billion. Prior to founding Bascom, Mr. Fink acted as Senior Acquisitions and Sales Manager from 1991 to 1995 for Pacific Mutual Life Insurance Company. Mr. Fink holds a Bachelor Degree and an MBA in Real Estate and Finance from the University of Wisconsin-Madison, where he previously served on the Board of Directors for the Wisconsin Real Estate Alumni Association. He is a member of the Institute of Real Estate Managements (IREM) and Turnaround Management Association (TMA). Mr. Fink is a licensed real estate broker in the state of California, a Certified Commercial Investment Member (CCIM), a Certified Property Manager (CPM), a Certified Mergers & Acquisitions Advisor (CM&AA), and a Certified Turnaround Professional (CTP). He is currently a member of the USC Lusk Center for Real Estate Executive Committee, and serves on the board for the Young Presidents Organization (YPO) California Coast and California Coast Gold chapters. He has received dozens of awards and recognition over his career including: Apartment Executive of the Year by the Real Estate Conference Group (2004), Rising Star award by the University of California Irvine Center for Real Estate (2008), and Ernst & Young Entrepreneur of the Year, Orange County (2016).
Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).
Links to people and organizations mentioned in the video:
Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derk
Connect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/
Contact Michael directly at michael.derk@marcusmillichap.com
The Bascom Group website: https://bascomgroup.com/
Stephen Gordon is the Founding Chairman and Chief Executive Officer of Genesis Bank. He has nearly 40 years of financial industry experience, including serving as Founding Chairman, Chief Executive Officer, and President of Opus Bank; Founding Chairman and CEO of Commercial Capital Bank and its holding company, Commercial Capital Bancorp, Inc; as well as Chairman and CEO of Fremont Investment and Loan and its holding company, Fremont General Corporation. Additionally, Mr. Gordon served as a Partner at Sandler O’Neill + Partners, L.P., a New York based investment banking firm, now Piper Sandler, and joined the firm at its founding in 1988. Genesis Bank is a California state chartered commercial bank, organized by Stephen. The Bank focuses on serving the financial needs of small to mid-sized businesses and owners, and investors in income-producing multifamily and commercial real estate located primarily in the diverse majority minority markets of Los Angeles and Orange counties, California, as well as the western portions of the Inland Empire (Riverside and San Bernardino counties). Genesis Bank is designated by the FDIC as a Minority Depository Institution (MDI), and is only the second diverse, multi-racial MDI in the U.S. The Bank’s products, services, and solutions primarily include traditional commercial business, Small Business Administration (SBA), income property, and owner-occupied commercial real estate loan and deposit products, as well as treasury management services and solutions. Genesis Bank is headquartered in Orange County California.
Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).
Links to people and organizations mentioned in the video:
Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derk
Connect with Michael Derk on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/
Contact Michael directly at michael.derk@marcusmillichap.com
Genesis Bank: https://www.mygenesisbank.com/
In this interview Michael Derk, Executive Managing director at Marcus and Millichap Capital Corporation, sits down with Jerry Marcil. Jerry has over 40 years of experience in managing and operating a wide variety of properties. He started as a real estate broker specializing in the sale of condominiums, residential and commercial income properties. His career sales have topped $1 billion. In 1980 he founded Property Dynamics Inc., a property management firm specializing in management, maintenance, remodeling, development and syndication of residential and commercial buildings. He sold the company in 1989 and became President of Palos Verdes Investments, Inc., a development corporation specializing in development and management of residential property for sale and for investment. The total value of projects entitled and/or developed to date exceeds $ 1 Billion. PVDI has built or remodeled over 6,000 units in over 96 projects. He is involved in over a dozen organizations and is currently the Board Chairman at Torrance/South Bay YMCA, the USC Social Enterprise School and New Majority Los Angeles County. He is also a world champion outrigger canoe paddler and has authored a book called “How to Build a Real Estate Empire”
Michael Derk is an Executive Managing Director at MMCC. Michael is responsible for securing commercial debt and equity financing for an array of property types including multifamily, office and industrial, retail, seniors housing and hospitality. He is well connected with national, regional and local funding sources including, but not limited to agency lenders (e.g. Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and public funds and bridge lenders. Michael has more than 22 years of commercial real estate finance experience and has closed more than $4 billion in transactions. He specializes in structuring multifamily, retail and industrial products as well as other special purpose properties. During his career with MMCC, he has been honored with the firm’s National Achievement Award every year since 2005. He was also featured in Southern California Real Estate Magazine’s "40 Under 40" in 2004 and 2010. Mr. Derk achieved the highest revenue of all MMCC loan originators in California in 2004 through 2006, 2008 and 2009. He is a graduate of St. Bonaventure University, where he earned a bachelor's degree in accounting and finance. He also earned a master’s degree in real estate from the University of California, Los Angeles and studied abroad at Oxford University in England. He holds a sales license from the California Department of Real Estate and is a member of the Mortgage Bankers Association (MBA).
Links to people and organizations mentioned in the video: Michael Derk Bio: https://www.marcusmillichap.com/advis...
Connect with Michael Derk on LinkedIn: https://www.linkedin.com/in/michael-d
Contact Michael directly at michael.derk@marcusmillichap.com
Jerry Marcil Book: https://www.amazon.com/How-Build-Real-Estate-Empire
In this interview Michael Derk, Executive Managing director at Marcus and Millichap Capital Corporation, sits down with Drew Hoeven. Drew has ~20 years of real estate and self-storage experience that has included acquisitions, dispositions, development, construction and operations. He currently is Chairman and CIO of Westport Properties, Inc. and US Storage Centers, Inc. Westport Properties, Inc., and US Storage Centers (USSC) were founded in 1985 and 1998 respectively by Barry Hoeven and specialize in the self-storage, multi-family and industrial industries. With a combined experience of over 100 years in the real estate, construction and self-storage industries, the team at USSC has grown to currently operating over 180 facilities equating to over 12 million square feet of self-storage in 18 states. Westport employs over 500 people nationwide and generates revenues exceeding $230 million. Drew graduated from the University of Southern California. He is a member of the SSA, past chair of the CSSA, USC Lusk Center for Real Estate, a member of YPO and a NAIOP Forum member. Drew is a licensed broker in the state of California.Links to people and organizations mentioned in the video:Michael Derk Bio: https://www.marcusmillichap.com/advisors/michael-g-derkConnect with Michael on LinkedIn: https://www.linkedin.com/in/michael-derk-307628148/Contact Michael directly at michael.derk@marcusmillichap.comWestport Properties website: https://www.westportproperties.net/US Storage Centers website: https://www.usstoragecenters.com/Kure It Cancer Research Website: https://www.kureit.org/🎵AUDIO USED IN THIS VIDEO🎵Gritty Growler Hard Rock Guitar Bass Drums Podcast Intro MusicLicense 133486849 -- Purchased from Pond5