Our President/CEO
Our founder, Ken Meyer, has been in the financial services and lending industry for over 24 years.
He graduated from the University of San Francisco with a Bachelor of Science in Business Management and went on to obtain his designation as a Certified Financial Planner. He worked in a lending and investment advisor capacity for PaineWebber, Bank of America, and Wells Fargo before becoming President of the mortgage division for Pacific Mercantile Bank. From there he opened and managed his own mortgage banking company where he funded and sold over 2 billion dollars in agency loans.
Anticipating the looming real estate market correction in 2006, he chose to close his mortgage banking company at that time. He then formed a corporation that focused on buying distressed real estate. During that time he gained a great deal of knowledge and experience in acquiring properties through short sales, trustee sales, REOs, and traditional market transactions. Additionally, he was actively involved in the day to day issues of offering cash for keys, evictions, rehabbing, selling, and managing his properties.
Even with his experience as a Certified Financial Planner and Series 7 licensed stockbroker he believes, that given today’s environment, he prefers to invest his own money predominantly in residential real estate and 1st trust deeds secured by California Real Estate. The prevailing rates today for private money loans are in the range of 9% to 12% and are secured by California investment real estate with a maximum loan-to-value of 60% on properties that have already seen historic declines. These notes are not only secured by the value of the real estate but also the rental income that they generate. Additionally, these notes pay monthly and there is an active market that gives the investor potential liquidity if they need access to their principal.
He has recently renamed his corporation Trust Deed Capital, Inc. and is very excited about building a high quality portfolio of first trust deeds for himself and others. Additionally, he says, that he is enjoying the process of being able to help other people build their wealth through real estate by sharing his experience and being a trusted resource for funding their projects.