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A Home Like No Other

The University of Maine’s Bio-Home Technology is Opening Doors in Affordable Housing By Carole VanSickle Ellis The oldest prefabricated home on record is the “Manning Portable Cottage,” which was created by British carpenter John Manning, who, in 1830, offered buyers the opportunity to commission house components that could be built in London, then shipped around the country or internationally and assembled upon receipt. The concept spread like wildfire due to the relatively inexpensive production process and the added benefit that the properties could be assembled by individuals with less training, on the whole, than would otherwise be needed for home construction. Kit houses gained popularity over the course of the century following Manning’s invention, and, during World War II, prefabricated homes for labor crews were invaluable in providing fast, effective shelters that could be both erected quickly and transported relatively easily. By the end of the war, public demand for this type of house was rampant and remains so today. However, like almost any other form of housing, prefabricated housing comes with some inherent issues that add costs — financial, time-based, environmental, and on resources — that can make even this dynamic housing option difficult for many residents to access. The multifaceted issue of cost of production is one that Habib Dagher, executive director of the Advanced Structures and Composites Center (ASCC) at the University of Maine, and his team hope to solve with a groundbreaking bio-based printing tool that could revolutionize the construction industry and affordable housing. An Innovative Application for Existing Technology Dagher and his team, which includes chief operating engineer in additive manufacturing at ASCC Evan Gilman, have spent nearly two decades working on projects in development of biobased materials suitable for additive manufacturing. Gilman explained that although additive manufacturing itself has been used in a variety of fields for years, the manner in which the ASCC scientists apply the principles in this field to everyday problems such as creating comfortable, affordable, long-term housing for the roughly 7 million Americans who do not currently have access to such habitations at this time is very new. Traditionally, Gilman explained, additive manufacturing with polymers has been used to create relatively small-scale objects rather than something big like a fully functional residence capable of housing multiple residents on a permanent basis. “The basic technology has existed for a long time, but we are pushing the boundaries of how large a format we can use with additive manufacturing,” Gilman said. “We are printing, layer by layer, the floors, the walls, and the roof all together in one complete shape.” Dagher added, “We are using a technology very similar to what is used on small 3D printers, but we are melting a polymer with wood fiber in it and depositing that bio-based material using a nozzle — and at a much faster rate than a small printer.” That speed is increasing all the time as the team continues to refine the process; by the end of the first prototype’s print run, the machinery was printing almost six times faster than the speed at which it had begun. “The other thing that makes this technology different — and the most important element — is that the materials are 100% bio-based and 100% recyclable,” Dagher said. “That means the entire house is recyclable.” Bio-based materials are products that mainly consist of one or more substances derived from living matter, also referred to as biomass. In the case of the ASCC home, the bio-based construction materials that are used to “print” the structures are primarily bio-resins and sustainably sourced wood fibers. Maine has a particularly accessible source for this material in its forest products industry, which creates a great deal of wood fiber and other wood byproducts that fit the bio-home bill perfectly. Historically, the state’s papermill industry has purchased and used large volumes of this “waste,” but the papermill industry has struggled in recent years and all but six of Maine’s paper mills were closed by the start of 2023. “There is an excess of wood fiber in the northeast that is currently looking for a home,” Gilman observed. If we can use those excess materials or residue to produce a home, it makes them useful again and creates a valuable structure like a house.” He added, “Housing is a good potential application for the technology because there is a big need. We have excess material available and a real need for housing.” Dagher noted that the bio-homes also function as “carbon storage and sequestration facilities” because they are made from trees that have captured carbon from the air and that are then converted into bio-based homes that retain that locked-in carbon. “This makes the entire process and product very unique because of its recyclability and environmental friendliness,” he said. Next Steps: Weathering the Storms, Literally In late 2022, Dagher and his team revealed the culmination of their bio-based printing project: the world’s first bio-based, 3D-printed home. The prototype boasts 600 square feet of living space and architectural features largely created from recycled and repurposed materials. In the future, Dagher noted, other elements like kitchen cabinets, could be printed along with much of the rest of the structure. Already, the sleek model is being compared to work by famous architect Frank Lloyd Wright, who also had a passion for affordable, visually attractive housing. Wright’s efforts in this arena were a valiant precursor to the Maine team’s bio-homes, but they, like most prefabricated options prior to the ASCC’s prototype, had one prevailing handicap that limited universal applicability to the problem of affordable housing: They were made of ready-cut pieces composed of traditional building materials that had to be transported to the building location and then assembled. Other creative minds have attempted to solve this problem by bringing 3D printers to the construction site and printing out concrete walls that may be topped with traditional roofs once assembled, but the process is still costly and not particularly efficient. By using bio-based materials, the entire structure

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The Long and Short of Short-Term Rentals

Generate Income and Have a Place to Vacation By Jennifer Stoops Investing in real estate is becoming a very common strategy among those looking to build wealth and diversify their investment portfolio. Single family residential assets have long been the key target of real estate investing with multi-family assets coming in at a very close second. In more recent years, a new player has joined the real estate investing strategy, the short-term rental. With travel demands being higher than ever and more flexibility to work from home, the short-term market is red hot. The rise in work from home over the last few years has increased the number of people who would like to relocate, but previously could not due to work. This is also adding to the increased demand for short-term rentals as people are looking for temporary housing while they search for their new home. What is a Short-Term Rental? What classifies as a short-term rental? These are dwellings that are furnished and rented for short periods of time and considered to be for “transient” use. Accommodations such as corporate housing and vacation rentals are examples of short-term rentals and are often an alternative to the traditional hotel. The length of the rental agreements vary from an evening to days, weeks or multiple months, but are generally less than a six month (some consider less than twelve months short-term) period of time. Short-term rentals can be anything from single family homes, multi-family buildings, condos, townhomes, apartments, a cabin, a guest home, garage apartment or even a room or a portion of a dwelling. Short-term rentals have quickly become one of the most lucrative real estate investments you can buy. However, when compared to the traditional and more familiar long-term rental, short-term rentals may seem intimidating. There is a long list of benefits to owning short-term rentals. What are the Benefits of Short-Term Rentals? Short-term rental investments create higher earnings than their long-term rental cousins. A well marketed short-term rental in a desirable area will consistently outperform long-term rental revenue. Another benefit to owning short-term rentals is better maintenance of your asset. With frequent short stays, you have a much greater ability to become aware of any maintenance issues much sooner providing the opportunity to catch issues that may otherwise go unnoticed or unreported. Flexibility is another huge gain with this type of investment. You have complete control over the calendar of when you want to offer your rental and for how long. You also have the flexibility to adjust pricing of your rental as you see fit. Not only do short-term rental investments create a profitable monthly cash flow, but the asset will also continue to appreciate year after year. Like many real estate investments, the longer you hold onto a rental property, the more it will increase in value over time and the more your investment will be worth when you decide to sell. While there is never a guarantee, real estate is usually a good investment and generally withstands difficult economic times. Accessibility to building wealth much faster is another advantage to short-term rental investing. You can take out a loan to purchase a property and use borrowed money to generate more income. This strategy is immensely helpful for beginner investors. Learning how to leverage debt in a profitable way can prove very useful in building wealth at a much faster rate. One additional benefit, but certainly not the end of the list of advantages to investing in short-term rentals, is tax benefits. Real estate investing has a significant number of tax advantages, which make them a very appealing opportunity for wealth building and portfolio diversification. Some tax advantages include deductions for maintenance, marketing, management and depreciation. Factors to Consider There are some critical factors to consider before jumping into this type of investment. Choosing the best location to purchase this type of investment plays a critical role in its profitability. Also, consider hiring a professional management company. Unless you plan to make owning short-term rentals your full-time career, hiring a management company can save you money and certainly time. There is a significant amount of work involved in the management of short-term rentals such as maintaining the calendar, collecting deposits and fees, drawing up contracts, coordinating turns in between tenants (and doing so in a very quick period of time, often within hours of the previous tenant vacating) and maintaining working utilities. There is also maintenance coordination when things break, property preservation, being on call for emergencies or issues at the property, coordinating access to the property, potential evictions and so much more. Management companies also have relationships with local vendors, which will likely mean discounted rates for you. In summary, short-term rental investing is another great wealth building opportunity under the real estate investing umbrella. There are some key factors that can make or break how well and how often your property rents. Once you’ve selected your property, don’t forget to pay attention to ways you can maximize your asset. Check out other rental listings in the area to see how yours “stacks” up against the competition. Your rental listing is one of the most critical components to getting your property rented early and often and keeping the calendar full. Use professional photos, descriptive details about your property’s features, have modern and clean furnishings and keep the property clean and well-manicured on the outside (if you are responsible for landscaping and not provided by an HOA). Having a well-stocked inventory of kitchen essentials, bathroom essentials and linens are very important to the experience your renters will have. The location of your rental will also dictate what other small details you should consider providing. For example, if your property is near the beach, supplying things like beach chairs, beach towels, beach toys and a cooler will enhance the tenant’s experience. As an added bonus, owning a vacation rental gives you the ability to have a place on hand for your own vacation. An investment

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The Single-Family Rental Home Industry Has Never Been More Important

Sound Government Policies Are Needed to Create Favorable Market Conditions By David Howard As members of the National Rental Home Council (NRHC) prepare to gather in Nashville this month for the annual SFR Industry Leaders Conference, intensifying headwinds continue to swirl around the global economy. Rising interest rates, a weight on the housing market for the better part of the past year, have now started to curtail growth across a wider swath of the economy. Most concerning perhaps is the impact of higher rates on the stability of the banking sector, with a number of recent high-profile bank failures sparking concerns for the overall health of both U.S. and global financial markets. All of this is playing out amidst the backdrop of slowing economic growth that many forecasters claim is an indication of more difficult times ahead. Given the current landscape, the role of the rental housing market, and single-family rental housing in particular, has arguably never been more important than it is today. Demand for housing, even in a rising rate environment, remains solid, with both home price and rental rate appreciation showing positive growth. Admittedly, this growth is down from the historically high levels of the past year, but it remains positive nonetheless. Housing supply, on the other hand, continues to be a challenge. A recent report by Realtor.com showed the gap between new home construction and household formation increased to 6.5 million units between 2012 and 2022. The Supply and Demand Dilemma On its own, the mismatch between supply and demand would be enough of a challenge for anyone considering a home purchase. However, with interest rates on the rise, the cost to finance a home today adds another layer of complexity for consumers in the market for a potential home purchase. According to research from John Burns Real Estate Consulting, the average cost of a monthly payment to rent a single-family home is now $850 less than the cost to own a single-family home, the biggest difference in cost since the year 2000. All of this is a way of saying, America needs more housing, of all kinds — owner-occupied and rental. The most visible consequence of a housing market burdened by ongoing supply challenges is, quite simply, there are fewer options available to meet the needs of Americans in search of quality housing. More broadly, underproduction acts as a clear, and concerning, drag on homeownership and owner-occupied housing. However, supply shortages are felt throughout the housing ecosystem, impacting virtually every sector of the market, including single-family rental homes. The single-family rental home industry has historically accounted for approximately 40% of America’s rental housing market, providing access to quality, affordably priced housing for more than 16 million households in neighborhoods with proximity to schools, employment centers, and transportation corridors. Providers of single-family rental homes — large and small — play a critical role in offering families and individuals a greater range of housing options, at a time when it is most needed. According to Harvard University’s Joint Center for Housing Studies, the number of renter households increased by 870,000 during the COVID pandemic. The Joint Center’s report, America’s Rental Housing 2022, identified five reasons for the surge in rental housing:  »         Large number of millennials moving through their 20s and 30s: ages where renting is most common;  »         Rapid growth of older renters: baby boomers aging into their 60s and 70s;  »         Sharp rise in rentership between 2009 and 2019 for younger and middle-aged households: signaling delayed transitions to homeownership;  »         The growing popularity of renting among older households: contributing to increases in both the number and share of higher-income renters;  »         The increasing diversity of U.S. households: lifting demand for rental housing. While these factors were likely present before the COVID health crisis, there’s no question the pandemic contributed to a rise in demand for single-family rental homes. According to the NRHC/John Burns Real Estate Consulting Single-Family Rental Market Index (SFRMI) report from the third quarter of 2020, nearly 60% of new single-family rental home residents relocated from urban multifamily properties. With a greater share of the American workforce spending more time working from home, either permanently or part-time, the desire for extra space has also contributed to the demand for single-family rental homes, 65% of which contain three or more bedrooms (compared to just 11% of multifamily units). Finally, there is the great migration: in 2020, one in 10 Americans moved to a new market. Meeting the Challenge For these reasons, there is arguably a greater need for single-family rental housing in the U.S. than there has been in decades. However, data show ongoing housing supply pressure has challenged the ability of the single-family rental home market to meet that demand. An analysis of housing data from the Annual Social Economic Supplement of the Current Population Survey, published by the U.S. Census Bureau, reveals even though demand for single-family rental homes increased during the decade 2011–2021, the share of single-family rental homes within both the single-family and rental housing markets declined. To meet the need for single-family rental housing, NRHC members are investing in local staff, hiring local contractors and business partners, and bringing property management expertise to local markets all to ensure a positive experience for residents and families who choose a single-family rental home lifestyle. As evidence, in 2021 NRHC members invested nearly $2 billion in home renovations, upgrades, and other property-level operations while employing more than 8,000 local businesses and contractors in markets across the country. Additionally, many NRHC members support residents on their path toward homeownership by reporting on-time rent payments to credit agencies and providing access to financial literacy programs. The ongoing development and maturation of the single-family rental home industry is focused on providing a viable source of stabilized long-term rental housing responsive to the needs and lifestyle preferences of today’s housing consumer. To the extent that we are able to provide more housing, we are better positioned to meet those needs. Perhaps the most direct indication

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Cincinnati, Ohio

The Queen City Remains One of the Fastest-Selling Markets in the Country By Carole VanSickle Ellis When a multitude of large, urban markets began cooling off with the advent of 2023, Cincinnati, Ohio, just kept getting hotter. The midwestern city, also often referred to as “The Queen City” thanks to poet Henry Wadsworth Longfellow’s 1854 poetic reference to it as “The Queen of the West,” was ranked as one of the Realtor.com’s “most improved large markets” at the outset of this year thanks to the eternally magic combination of affordability and relative availability of housing. Of course, with most large, urban markets — including Cincinnati — battling to create new inventory, the city could not have ranked so well if it were not for the extended metro area, which boasts three of Ohio’s most affordable places to live according to a recently published report from SmartAsset and reaches into multiple neighboring states. “We measured the total cost of owning a home (using the average home cost) …throughout a five-year period, [and] that five-year cost was then measured as a proportion of median household income…to determine affordability,” explained the SmartAsset team. The group also factored in closing costs, real estate taxes, homeowner’s insurance, and mortgage rates. They determined that three of Greater Cincinnati’s neighborhoods — Delhi Hills, Northbrook, and North College Hill — all fit the bill for relative affordability in the area at this time. “That does not necessarily mean there is a ton of home stock out there,” warned City Beat contributor Katherine Barrier. She noted that rising mortgage rates and ongoing inventory issues prevent nearly all markets from offering access to a high volume of truly affordable homes. For investors active in the Cincinnati area, the strength of the local economy likely outweighs concerns about affordability. Not only does Cincinnati boast the fastest-growing economy in the Midwest, but the Cincinnati Regional Chamber of Commerce projects that the region will produce more than 1 million jobs over the next decade with “considerable growth in high-paying jobs that demand a bachelor’s degree or higher.” This trend will likely mean that buyers and renters coming into the market looking for housing will be working with acquisition budgets that exceed local affordability benchmarks. The chamber highlighted “skilled trades” and “information technology” as two sectors presenting “immediate pathways to higher-paying jobs,” and predicted nursing, software development, food preparation/service, and home health aides would see the most growth over the next decade. According to local professionals, there is still plenty of competition for Cincinnati properties, and it is only getting more intense. “Buyers who put off house hunting in the second half of 2022 are already gearing up to find the perfect home in 2023,” observed local broker/owner Brett Keppler in his report on the local area at the end of 2022. “Even with record-low inventory, life still moves on.” He noted that the volume of homes sold in the Cincinnati area in 2022 dropped by 12% year-over-year, but added, “Average sales price in Greater Cincinnati still increased by over 7%.” This contributed to record-low days on market in the city, a trend which continued through Q1 2023. A Growing Population for a Complicated Job Market Thanks to ongoing difficulties accessing inventory for sale, many members of Greater Cincinnati’s current 2.5 million-plus population find themselves compelled to settle for renting even if they ultimately plan to own their own homes. With the expectation that the local jobs market will add nearly 68,000 jobs in the next five years alone, rental property investors will find plenty of residents easily able to afford market rents in desirable locations. The key to attracting these residents lies in offering them the types of properties they find attractive. This means, in many cases, offering single-family residential options that look and feel like home in markets where most of the alternatives are located in multifamily developments. RENTCafe analyst Nadia Balint observed that in Cincinnati, like many other midwestern markets, builders are doing “a pretty good job” of keeping up with the demand for family-size units in multifamily buildings. However, the demand for single-family residences remains strong both in the retail buying and rental market. In Cincinnati, less than two-thirds of all apartment units are “family-sized,” creating opportunities for investors with an eye toward single-family rentals (SFRs) or multifamily development. The city has prioritized creating an environment designed to attract high-paying employers in the IT sector to the area, working in partnership with the regional chamber of commerce and local IT advocacy groups to sponsor programs to help current residents “reskill” in IT specialties in the wake of the COVID 19 pandemic and to lure new IT employees to the area. These programs feed growing local demand for new hires in the sector. Employers can sponsor internships and training programs, while educational institutions and government agencies can access “pipelines” of IT specialists as well. Both Ohio and Kentucky participate in these drivers, and the area is one of the most cost-friendly regions in the country when it comes to starting or supporting any type of business. In Greater Cincinnati today, these efforts extend beyond IT and into the sectors of biohealth, business and professional services, advanced manufacturing, and general technology. The region is “one of the best ecosystems for manufacturers to thrive and grow,” boasted JobsOhio, citing proximity to the Ports of Cincinnati and Northern Kentucky, previously known as the Port of Cincinnati, and the Ohio River waterway as a primary draw for all types of manufacturers from aerospace to automotive to “foods and flavoring.” At present, the Cincinnati Tri-State area boasts ongoing projects like Nestlé-Purina’s $550-million investment in its first new production facility built from the ground up since the 1970s (the largest project in the Midwest in 2020), and hygiene, infection protection, and cleaning solutions manufacturer Diversey’s $86-million production and logistics facility, which brought 300 new jobs to the area in 2021 alone. Although the rising population and growing influx of businesses is making it difficult to access

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In Search of the American Dream

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Take Action and Find Good Leaders As an independent business owner with HomeVestors® of America, Inc., Vee Le has achieved enviable success in the real estate investment industry. In just nine short years, Vee has already accomplished more than most other real estate investors accomplish in their entire career. She has purchased 250 properties in this short time and is the owner of a property management company. And she’s not done, yet. The Prelude In 1995, at the age of 15, Vee Le and her family immigrated to the United States from Vietnam and settled in Houston, Texas. After graduating from high school, she attended the University of Houston where she earned her Bachelor of Science in Computer Science in 2005. Upon graduating from college, she worked at both a full-time job and a part-time job until her mother bought a nail salon business and told Vee to manage it. Vee successfully ran the family business for ten years, starting in Colorado and then expanding into Texas. As Vee pointed out, “I ran that business for 10 years, 24/7, when I realized I needed something different to do in my life.” Enter real estate. In 2014 Vee discovered the HomeVestors franchise opportunity. With zero real estate experience, she took a chance and bought a franchise in the Houston area. For the next three months, Vee was establishing her real estate business while still managing the family business before turning it over to a sibling. Now it was real estate full-time. The Venture into Real Estate Having bought her HomeVestors franchise mid-year in 2014, Vee bought 15 homes in her first half-year of business. With no real estate experience, she followed the HomeVestors systems down to the letter and relied on the advice of her Development Agent. In 2015, her real estate business began growing exponentially and today she continues to buy 25-30 homes each year focusing on fix-and-flips, buy-and-holds and short-term rentals. Her current focus is on growing her team, which now consists of 10 employees, and growing her short-term rental portfolio. And she is now herself a Development Agent for the Houston and Corpus Christi markets helping new HomeVestors franchisees build successful operations and buy and sell residential properties. Vee has diversified her short-term rental portfolio to include two distinct markets: Houston, which is an urban market, and Galveston, which is a destination market. This strategy offers a well-balanced mix of options that can cater to a variety of travelers including corporate travelers and vacationers. While short-term rentals are very competitive, Vee says that short-term rentals are her favorite investments, as they combine both real estate rental skills and hospitality skills. Present Day While owning a large portfolio is one of her key strategies for building long-term wealth through real estate investing, Vee has also expanded into other real estate related ventures. Vee founded Buzz Vacation Rentals in 2020 to help other investors manage their most expensive assets, their second homes. Buzz Vacation Rentals is a premier property management company for short-term and vacation rentals in Houston and Galveston. In 2018, Vee started a community of real estate investors who are thriving to operate at a high level. Its mission is to connect like-minded individuals with a common goal of financial freedom. It is all about deal-making, growing a rental portfolio, and supporting each other. “I want to help people and provide positivity and inspiration…it is my way of giving back,” Vee said.  Advice from an Expert “It is important to understand that real estate is not about the house, it is about people. We help people get out of their ‘ugly’ real estate situations,” said Vee. She continued, “My best advice to anybody is to take action, find good systems, and find good leaders.” Homevestors What exactly does it mean to be a HomeVestors® business owner? Owning a real estate business is life changing and naturally comes with risks! When you become a HomeVestors business owner, you get immediate access to motivated seller leads, financing resources for qualifying purchases and repairs, one-on-one coaching with your local Development Agent, proprietary software for analyzing properties and deals, and access to a nationwide network of coaches and peers. Your house-buying business is yours and you run it as your own venture with a focus toward your individual business goals. If you are interested in a franchise, call 866-249-6932, email Sales@homevestorsfranchise.com or visit www.homevestorsfranchise.com. Each franchise office is independently owned and operated.

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National Private Lenders Conference Makes Waves

The Rebranded Conference Made a Splash in Key Biscayne, Florida By Carole VanSickle Ellis Last month, a private-lending industry tradition went through an exciting evolution, making waves at one of the biggest conferences for private lenders in the country. On March 27, 2023, the first Pitbull Conference of 2023 started out with the announcement that new ownership would be renaming and repurposing the 21-year-old event. The Pitbull conference will move forward as the National Private Lenders Conference, and will continue to have three events yearly, with the second two of 2023 being hosted in Atlantic City, New Jersey; and Austin, Texas, respectively.  Jon Hornik, CEO of the National Private Lenders Conference and a founding member of the National Private Lenders Association (NPLA) as well as its executive director and general counsel, said of the change, “We are moving [the Pitbull Conference] forward with a new name, The National Private Lenders Conference, as of Monday, March 27, 2023. With this change, we hope to attract more institutional participants into this space as well as increasing collaboration and growth among our members and within the industry.” Amy Kame, who serves as managing director for the National Private Lenders Association (NPLA), said the association is excited to bring its mission of supporting, protecting, and growing the private lending industry to bear in the National Private Lenders Conference. “What we’re trying to do is bring the foundation from NPLA to the conference.” “This organization is about how to go to the next level,” said NPLA founding member and Advisory Council member, Chip Cummings, CEO at Northwind Financial and the author of nine best-selling books. “I learn every day from this organization. The mindpower here can solve any problem in this industry.” Cory Nemoto, a principal at KÉCŌ Capital, LLC and NPLA founding member attending the event, added that his company gives much of the credit for its pandemic survival to NPLA education, networking, and communications. KÉCŌ Capital was founded shortly before the advent of the global COVID-19 pandemic. “We would not have made it through without the NPLA,” Nemoto said. “We faced many trials as an industry, and one thing that is consistent is our friends and colleagues in NPLA have been there through it all.” New Educational Elements and Networking Opportunities Jeff Tennyson, an NPLA founding member and president and CEO of Lima One, said, “Private lenders have an important, noble purpose of ultimately helping build communities, and we look forward to continuing to work with the National Private Lenders Conference to grow and build our industry, provide new ideas, and bring in the NPLA’s insights, best practices, and legislative ‘heft’ to help put a spotlight on laws that affect private lenders, real estate investors, and the end users of housing.” The conference featured presentations from John Burns Real Estate Consulting chief demographer Chris Porter and a keynote from Harry Markopolos, the forensic accounting and financial fraud investigator who uncovered evidence of the Bernie Madoff Ponzi Scheme as nearly a decade before Madoff was revealed as a fraud. The agenda also featured panel discussions on advancing your lending platform, key indicators to watch in a changing real estate market, and how inflation, interest rates, and global volatility impact the private lending industry. The event also featured multiple exhibit halls and breakout networking opportunities. The National Private Lenders Conference this March featured a number of new elements, including more than four hours of designated networking time spread across two days. “That way, no one has to feel pressure to skip the education in order to get in the networking,” Hornik explained. “We are so proud to be here, in this space, providing this education and these opportunities for private lenders around the country,” he concluded. “We are meeting in strong markets where we will attract local talent as well as national attendance, and we are excited to bring this mission to the conference and the industry.” Learn more about the National Private Lenders Conference at NPLAConference.com. If you are interested in joining NPLA, visit NPLAOnline.com.

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