David Trandel, Chicago Tumblr Blog

Drawing on 27 years of experience in various financial sectors, David Trandel serves as chairman of CEO of Chicago's Springbank Capital Advisors, a private real estate investment and development enterprise with owned properties totaling over $700 million. Prior to joining Springbank in 2014, David Trandel acquired and developed over $200 million in real estate assets surrounding Chicago as part of Stonestreet Partners. Additionally, he managed Trilogy Capital Income Fund as a vehicle for investments in Walgreens drug stores, which produced an annual return of over 16 percent from 2011 to 2015. Earlier in his career, Mr. Trandel served as chief operating officer and vice chairman of Prime Group Inc., where he focused on capital markets, acquisitions, and business development. During his time with the firm, he participated in the development and redevelopment of over $1.2 billion of high-end real estate, including the $300 million Waldorf-Astoria. Mr. Trandel began his career as an investment banker with L.F. Rothschild, Unterberg & Towbin in 1987 and later held executive positions with Lehman Brothers and Bear Stearns & Company. He graduated from the executive education program at the University of Pennsylvania's Wharton School of Business and received a bachelor's degree in finance from the University of Iowa. In his free time, David Trandel enjoys golfing, skiing, and spending time with his family.

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International Capital Inflow Mechanisms

A successful real estate professional, David Trandel has over three decades of investing experience in the Chicago market. Formerly an executive at Stonestreet Partners, David Trandel now serves as the chairman and CEO of Chicago-based Springbank Capital Advisors. Springbank, a real estate investment services firm, focuses on institutional-level real estate. Moreover, the firm prioritizes investments in transit oriented developments, or TODs, a model that emphasizes mixed communities, walkability, and public transportation. TOD investments enable Springbank to deliver superior risk-adjusted returns, as they provide inflationary safe harbor and high current yield, and capture the surge of capital inflows from foreign investors. Foreign capital inflows, defined as the movement of international funds for business or investment purposes, can take one of the following four forms. 1. Commercial loans - bank loans issued to foreign businesses 2. Official flows - governmental assistance that developed countries provide to developing nations 3. Foreign direct investment - an investment in which an investor establishes a direct interest, such as a factory or property, in another country 4. Foreign portfolio investment - an investment in the stocks and bonds of a foreign company

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What Are Private Placements?

Based in Chicago, David Trandel serves as the chairman and CEO of Springbank Capital Advisors LLC. Before founding Springbank, David Trandel of Chicago had accumulated close to two decades’ experience in capital markets, participating in over $2 billion worth of private investment and third-party equity and debt placements. Publicly listed companies in need of capital can find it in the public markets. Private companies, however, will have to seek private investments from investors through private placements. Private placements are unregistered security offerings to investors. The company sells equity or debt to either accredited or non-accredited investors in exchange for cash. Private placements are regulated by U.S. Securities and Exchange Commission rules. Companies opt for private placements for a number of reasons. First, young companies may not meet all the requirements for listing on the stock exchange. This locks them out from the pool of public funds in the public market. For these companies, private placements are ideal for raising capital. Second, even if the company does meet the criteria for public listing, doing so will expose it to the numerous rules and regulations governing publicly listed companies, including publicizing financials and added controls before underwriting securities. In sharp contrast, private placements allow companies to remain private and access private capital without issuing prospectuses or getting credit ratings as is required for listed companies. Both requirements take time and accrue costs.

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Investing in Real Estate Using Cash Financing and Lender Financing

A resident of Chicago, Illinois, David Trandel previously worked with Stonestreet Partners where he acquired and developed over $200 million worth of real estate assets. Currently the chief executive of real estate investment company Springbank Capital Advisors, LLC, based in Chicago, David Trandel oversees the company’s operations including real estate financing. There are numerous ways of financing real estate investments - two of them are cash financing and traditional lender financing. Cash financing is where investors transfer funds to the seller through a wire transfer or a banker’s check. This is a simple mode of financing, since the investor finances the acquisition independently, and does not have to undergo the restrictions and other requirements that come with lender financing. Lender financing is accomplished through mortgages. Conventional commercial mortgages typically require the borrower to finance at least 20 percent of the purchase price as a down payment before the lender provides the balance. Conventional mortgages are very popular, especially in times when interest rates are low. However, to qualify for a mortgage, an investor will need to have a good credit score and good income documentation. In some cases, however, traditional lenders do not finance the loans themselves. They borrow money from other institutions to lend real estate investors or they resell the mortgage loans to government-backed institutions like Freddie Mac and Fannie Mae so as to replenish their reserves. Such loans are replete with stringent and inflexible financing rules which can be burdensome to new businesses. It’s important to inquire whether a lender is a portfolio lender loaning out its own funds or whether it seeks out other institutions’ capital, as this will have a significant bearing on the terms of the loan.

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The Proper Bunker Setup

A lot of golfers FEAR the sand trap. But you shouldn’t! You know the saying: “We fear what we do not understand”…

After some hard work and a few great tips, shooting out of the greenside bunker isn’t really that bad. As a matter of fact, it can be fun. But, it starts with a great setup–and this is a wonderful video on the bunker setup. Follow these simple rules and you’ll drop a few strokes almost immediately.

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Drive the Ball without Slicing

We have watched a lot of videos on golf tips and many of them are “easier said than done”.

This one, though, is easy to follow and very helpful if you’re having troubles off the tee box.

A few things to remember:

You want the center of gravity (middle of your body) to be behind the ball, not in line with it.

Front foot should point outwards a bit

The club should hit the ball on the upswing, not the downswing like an iron

Have fun!

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Freddie playing golf for Carefree, 1938