About the Author- John Femenia

John Femenia is a seasoned finance professional with over 15 years of experience in investment banking and real estate. His career began in the maritime industry, where he worked as an engineering officer for Military Sealift Command, a civilian transportation company serving the US Military. He later joined SEACOR Holding, an oil and gas services company, as an associate working directly with the CEO. During his time at SEACOR, John evaluated acquisition targets and explored various business development opportunities.

Transitioning to investment banking, John worked for several prominent bulge bracket banks. His focus was on raising capital for industries such as rail, trucking, and maritime, successfully securing over $2 billion in equity and debt capital.
In 2019, John founded Source Realty Capital with the aim of assisting real estate investors in obtaining the necessary capital to close their deals. Recognizing the void left by traditional banks after the Great Recession, John saw an opportunity to bridge the gap between real estate investors and institutional money. Many experienced investors were struggling to secure funding for their projects, leading them to turn to hard money lenders. As the market for hard money grew, so did the interest from institutional investors. Source Realty Capital emerged as a solution to connect real estate investors with institutional capital.
Under John's leadership, Source Realty Capital has experienced remarkable growth, expanding from a start-up to originating over $100 million annually. The company specializes in providing capital for 1-4 family and small balance multi-family properties, carving out a niche for itself in the market and effectively serving experienced real estate investors.
John holds an undergraduate degree in engineering from the United States Merchant Marine Academy and an MBA in finance from Columbia Business School. He also served as an Officer in the US Naval Reserve, receiving an honorable discharge in 2011.
With his extensive background in finance and real estate, John Femenia brings a wealth of knowledge and expertise to Source Realty Capital. His commitment to helping real estate investors navigate the complex world of financing has made him a trusted figure in the industry.

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Case Study: From Worst Deal of 2023 to Best Deal of 2024??

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Case Study- Ten Property Portfolio Deal with John Femenia

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  John Femenia , found of Source Realty Capital , recently closed a 10-property portfolio deal in Hollywood, Florida for one of John’s repeat borrowers.  The borrower came to SRC after another lender wasn’t able to close the deal. This left us a limited amount of time to get the deal done, as the borrower had over $500,000 deposit on down on the property that had already gone hard. Deal Overview The borrower was purchasing a 10-property deal consisting of nine properties that ranged from 2-4 families, and one 6-family property.   The total unit count of the deal was 36 units.    The deal was split up on two different contracts.   Each contract was for $2.6 million, for a total of $5.2 million.   The  borrower put down 10% on each contract, for a total of $520,000.   The properties were 100% leased.   The cap rate for this deal was 6.5%.   Timing The borrower came to John Femenia in mid-December looking to close this deal....
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John Femenia: Will Real Estate Prices Continue to Increase in 2023?

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