Open Source Capital is more than just a website… it’s becoming a leading intermediary and online syndicator that is integrating sophisticated private equity with credible sponsors that acquire and improve real estate.
We work with a network of private equity firms and high net worth individuals. Cumulatively, they provide a wide assortment of real estate investments spanning various sectors and geographies. Our clients have accumulated several billion dollars in aggregate net worth from various industry sectors and bring more than just capital to a transaction. Our mission is to source compelling real estate opportunities aligned with their strengths and competencies. Our firm uniquely adds value to a client’s investment by harnessing collective marketing, legal, real estate and capital market knowledge
Open Source Capital LLC is an accredited investor only platform
We work off-line to identify and negotiate attractive private real estate investments for accredited investors. We use our website to offer accredited investors a way to explore potential investments, communicate with management, and invest in syndicated deals that meet their individual investment needs and standards.
We help sponsors of real estate deals secure loans and preferred equity between $500,000 and $50 million. These companies are typically financing “market-appropriate” properties which will have a market value in the median range of the respective markets in which they operate.
We focus on quality over quantity– We selectively invest in a small number of opportunities to ensure we have sufficient bandwidth for our managers to fully participate and add meaningful value.
OSC has developed capital raising capabilities to meet the current needs of borrowers, commercial banks, private equity firms and other institutional investors. Our extensive network of banks, real estate companies and investors is a key factor in the success of OSC. The strong and direct relationship between our managers and clients complements investors interested in quality investments. We have the ability to structure high quality innovative transactions, while also ensuring that risks are carefully managed, and files are well documented.
In our market areas, OSC understands all aspects of commercial real estate financing:
- Site location
- Land usage
- Construction techniques
- Marketing strategy
- Project monitoring
- Due Diligence
- Loan documentation
- Default management and workouts
OSC ‘s technical knowledge complements its banking and loan structuring experience for all types of real estate financing: low and mid-rise multifamily projects, town homes, commercial properties, renovations and single-family homes.
To assess risk and appropriately suggest pricing for an application, OSC examines many projects and market factors, including assessing the project’s marketing position, local market and the owners’s track record. OSC brings investors and borrowers together to create attractive transactions where risk and return are well balanced.
Our reputation, expertise, and history of established contacts with banks and property owners have generated a strong foundation for new and repeat business.
OSC’s experienced underwriting department understands the need for appropriate documentation and efficient processing. An error-free loan file adds value. This benefits both the client and the investor.
The complexity of commercial lending is well understood by OSC’s professional staff. Our experienced managers ensure applications are thoroughly prepared and documented. This, in turn, ensures sound credit decisions and enhances credit quality. External audits have consistently concluded that our files are thoroughly documented and are of high quality.
Our ability to dream creatively and make those dreams materialize is making Open Source Capital a model for many companies in the future. We realize that changing times often require changing the way in which we do business.
We seek to retain our entrepreneur spirit, while channeling people with a common cause and capital resources together in ways that will allow us to grow and create wealth for all stakeholders. Moreover, we believe it is vital to the success of our business that our shareholders, officers and associates all be considered partners. There was a time when little was needed to succeed in the real estate business, but this is no longer the case. In today’s world, we need to remain flexible and yet, at the same time, have the scale to gain access to the world’s capital market.
Senior management has worked together for over 15 years and has developed a stable institutional infrastructure. The team focuses its lending activities in markets where we have human assets and a deep intuitive understanding of the market.
Kyle E. Meyer – Managing Director – Open Source Capital
Prior to forming Open Source Capital, Mr. Meyer was Chief Executive Officer of Ironshore Capital, LLC (“Ironshore Capital”) from 2007 to 2013. Ironshore Capital is a private equity firm that was established to co-invest in real estate assets with the Baupost Group, a Boston based hedge fund with over $21 billion of capital under management.
From 2000-2007, Mr. Meyer was the Founder, President and CEO of BuilderFinancial Corp.
In 1998, Mr. Meyer relocated to Florida and help launch “everbank.com,” an online commercial bank.
In 1996, Mr. Meyer founded American Finance & Investment Inc., which is recognized as the first company to originate a loan over the Internet and one of the early success stories in online lending.
In the early 1980’s, Mr. Meyer entered into the homebuilding business by purchasing a Ryan Homes franchise in Virginia.
In the mid-1970’s, he was with Merrill Lynch, specializing in public REIT’s and real estate limited partnerships.
Mr. Meyer is a graduate of American University, holding a BS in Business Administration with a concentration in Real Estate Finance.
George Henderson, Jr. – Managing Director – Open Source Capital
Mr. Henderson was a senior executive of BuilderFinancial Corp. from April 2001 until 2007. Prior to joining BuilderFinancial Corp., Mr. Henderson was president and chief operating officer of Chadwick International. He has over 40 years experience in the field of finance and international trade.
Chadwick International, Inc. was formed in 1991 as a specialized company to finance and export high quality manufactured housing. In 1995, Mr. Henderson and Chadwick’s co-founder were finalists for the Entrepreneur of the Year Award jointly sponsored by Ernst & Young, the Washington Post and Inc. Magazine. Chadwick was also the 1996 Virginia winner of the Blue Chip Enterprise Initiative awarded by the U.S. Chamber of Commerce, MassMutual Insurance and Nation’s Business.
Prior to joining Chadwick, Mr. Henderson spent almost 20 years at the Export-Import Bank, directing worldwide asset protection and recovery activities. Mr. Henderson has represented the United States government at the highest technical level in negotiations with foreign governments and private corporations, both foreign and domestic. Under his direction, Eximbank recovered over $2.5 billion, which included extensive Middle East dealings and bilateral government rescheduling of Mexican and Brazilian debt. Mr. Henderson was also responsible for Eximbank’s negotiation and technical operation of all multilateral agreements entered into by the United States in the Paris Club. He has served as a lead member of many commercial bank steering committees in commercial restructurings, including over $3 billion in Mexico, and was the technical advisor in the establishment of Brazil’s $1.5 billion multi-bank credit facility. Mr. Henderson was extensively involved in the methodology and drafting of the guaranties issued by Eximbank and the insurance policies issued by the Foreign Credit Insurance Association.
Mr. Henderson is also a principal and director in EMCO Energy Holdings, LLC, an independent gas production company.
He holds a Bachelor of Science Degree in Finance from Pennsylvania State University and has advanced legal studies specializing in agency, conflict of laws, corporations, sales contracts, negotiable instruments, and secured transactions. He has been a guest lecturer at the International Law Institute and recipient of awards from both the Secretary of the Treasury and the Department of State.