In this 37-minute episode, Derek Dombeck sits down with David Hansel, founder of Alpha Funding and Lucerne Capital Partners, for a deep dive into the evolution from single-family flips to commercial and industrial real estate investing. David shares his journey through market cycles, how he built a thriving lending business during the 2008 crash, and how he transitioned into managing over $300M+ in assets through funds and syndications.
You'll gain first-hand insights into hard money lending, fund management, and small-bay industrial investing — with actionable advice for both new and seasoned investors.
How David built a successful hard money lending company during one of the toughest markets.
The evolution from retail lending to institutional partnerships and fund structures.
Why small-bay industrial properties are a hidden gem in today's market.
How to structure funds and syndications that attract serious capital.
What every borrower should know about lender ethics, underwriting, and costs.
The mindset shift from flipping $50K homes to handling $50M+ commercial portfolios.
Lessons from competitive sports (yes, diving!) that translate directly to business perfection and growth.
Hard Money Lending vs. Private Money
Raising Retail & Institutional Capital
Risk Management and Underwriting in Changing Markets
Fund Formation, Syndication, and Investor Relations
Transitioning from Multifamily to Industrial Real Estate
The Rise of Small-Bay Industrial Spaces
Building Team Culture & Sustainable Growth
If you've ever wondered how to scale from single deals to managing millions in capital, or how seasoned investors navigate lending, funds, and market shifts — this episode delivers pure gold.
David's perspective combines financial discipline, creative strategy, and practical wisdom every investor needs in today's climate.
00:00 – Derek's intro and how David entered real estate
03:00 – Founding Alpha Funding during the 2008 crash
08:30 – Raising capital and managing private investor funds
12:45 – How lending evolved with institutional money
17:00 – Market insights: caution, leverage, and borrower education
22:00 – Transitioning into Lucerne Capital and commercial assets
27:30 – The opportunity in Small-Bay Industrial properties
31:00 – Building funds and syndications the right way
35:00 – Lessons from diving: perfection through small movements
36:30 – Derek's wrap-up and key mindset takeaways
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