From Stepping into a room filled with experienced syndicators, I was the rookie. I had no deals under... · · Matt Picheny
“I walked into a room filled with a couple hundred other people who were either aspiring syndicators or people who actually were syndicating deals themselves.”
On , Scott Bridges, Senior Managing Director of Consumer Direct Lending Division at PENNYMAC MORTGAGE INVEST TR, spoke about real estate syndication 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.