Private Credit Opportunities in The Homebuilding Sector
Led by Paul Stockamore, Managing Partner at Yellowstone Capital Partners (YCP), a $410M AUM real estate private equity firm focused on ground up and value-add residential investments throughout the sunbelt and western United States.
- Critical housing shortage throughout the US; most acute in middle income, workforce and affordable segments
- Covid-19 has driven a surge of housing demand and accelerated new operational strategies across the US
- Lack of bank participation and constrained competitive landscape likely to remain the norm, leaving significant opportunities for private credit
- Real estate operating expertise creates sourcing advantages and an asymmetrical risk-return profile; Structuring all-weather residential investments that can thrive in the current environment and sustain post-covid headwinds
- Mistakes learned from the Great Financial Crisis are unlikely to be repeated
Event Recording
Private Credit Opportunities in The Homebuilding Sector
Speaker
Paul Stockamore
- Title
- Managing Partner, Chief Investment Officer @
- Company
- Yellowstone Capital Partners (YCP)
- Role
- Speaker
Mr. Stockamore has 18 years of debt capital markets experience and manages YCP’s U.S. investment strategy. Prior to YCP, Mr. Stockamore led capital markets for LendingHome, the largest residential bridge lender in the United States, during which he established multiple funding channels for the firm’s $6 billion in loan origination, including, 18 institutional whole loan purchase agreement, 7 securitizations, and 2 private credit funds. At LendingHome, he founded LH Capital Management, an SEC-registered investment advisor with over $600M deployed in residential bridge loans. Prior to LendingHome, Mr. Stockamore spent 13 years in the institutional debt capital markets at leading global investment managers including Fortress Investment Group, Nomura, and Bear Stearns. During this time, he acquired over $1B of residential non-performing loans, launched New Residential Investment Corp (NYSE: NRZ), a $3B publicly-traded mortgage REIT and led the acquisition and turnaround of Centex Homes’ lending platform (Nationstar Mortgage dba Mr. Cooper).
About
Yellowstone Capital Partners (YCP)
YCP is a privately held, real estate investment firm with approximately $410M under management with deep expertise in the development and operation of residential properties throughout the Americas. YCP partners with small-to-medium sized residential developers, who are often overlooked by institutional capital providers. YCP is a signatory of the Principles of Responsible Investing and incorporates environmental, social, and governance throughout the investment process.