From Stepping into a room filled with experienced syndicators, I was the rookie. I had no deals under... · · Matt Picheny
“I spent a couple of years really getting a solid foundation on exactly how it works and then doing deals myself, and I learned a lot from the experience of actually doing them.”
On , Scott Bridges, Senior Managing Director of Consumer Direct Lending Division at PENNYMAC MORTGAGE INVEST TR, spoke about practical experience during Stepping into a room filled with experienced syndicators, I was the rookie. I had no deals under... on Matt Picheny.
In a September 2024 appearance, Scott Bridges described his early experience entering a room of real estate syndicators, many of whom had completed hundreds of deals. He recalled that about half of the attendees had syndication experience while the other half were newcomers. Bridges said he spent two years building a foundation in syndication before doing deals himself, and he emphasized that practical experience is necessary to fully learn the process.