Inside a Private Debt Fund: Underwriting, Leverage, Liquidity, and Capital Preservation | Kevin Amolsch
Summary
Host Chris Lopez interviews Kevin Amos, founder of Pine Financial Group, to explore the mechanics of private debt funds and real estate lending. They discuss Pine’s conservative underwriting standards, including strict loan-to-value ratios and liquidity checks, alongside the firm’s use of leverage and Reg A structures for non-accredited investors. The conversation also covers current market headwinds, fraud mitigation strategies, and how the fund manages capital preservation during economic downturns.
Topics discussed
Introduction and guest background
Kevin's early career and transition to lending
Evolution of Pine Financial and debt fund structure
Regulation changes: Jobs Act and Reg A
Fund economics: preferred returns and fees
Underwriting criteria and risk management
Market headwinds and capital preservation
Leverage strategies and Blue Owl comparison
Secondary market mechanics and loan sales
Borrower fraud and mitigation tactics
Investor access, platforms, and compliance
Kevin's personal equity investments and event promo
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