156: Impact Investing in Workforce Housing with DLP's Rich Delgado

PassivePockets: The Passive Real Estate Investing Show

Join us on the latest episode of Passive Investing from Left Field, featuring special guest Rich Delgado of DLP Capital.
Dive into the heart of workforce and affordable housing investments, and discover how DLP's innovative approach is not only enriching communities but also providing impressive returns for investors. Rich shares insights on the thriving RV park market and reveals the financial strategies fueling DLP's strong performance despite market fluctuations.
Don't miss out as we explore smaller deals with big impact and learn about the future of real estate investing in 2024.

About Rich Delgado

• Rich Delgado is a seasoned financial expert with over 30 years of experience in structured finance, capital markets, and mortgage industries. His impressive career trajectory has led him to the role of Managing Director of Structured Finance & Capital Partners at DLP Capital, which he joined in April 2019. Before his engagement with DLP Capital, Rich Delgaldo honed his skills in high-stakes environments, serving as Senior Vice President of Portfolio Investments at Nationstar Mortgage, where he masterfully grew their Mortgage Servicing Rights portfolio to an astounding $600 billion. His financial acumen also saw him manage $7 billion of Financing Facilities across 14 lenders during his tenure as Senior Vice President and Treasurer at Ocwen Financial Corp. Delgaldo's foundation in finance was laid during the early days of his career at the prestigious New York office of Deloitte & Touche, setting the stage for a remarkable journey through the finance industry.
  

Here are some power takeaways from today’s conversation:

01:42 His real estate journey

04:15 Who is DLP Capital?

05:56 Impact fund

07:35 Affordable & workforce housing

10:12 Starting from the ground up

12:09 Environmental stewardship

13:24 What he does for the DLP Community

14:47 Equity vs. debt investing

17:49 Mez debt vs. regular debt

21:13 Adjusting for the futures

25:49 2023 deal performance

28:06 Outdoor hospitality

34:50 Outlook for 2024

34:54 Podcast recommendations

36:05 Contact Rich

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Resources Mentioned:

LinkedIn: https://www.linkedin.com/company/dlpcapital/mycompany/

YouTube: https://www.youtube.com/c/DLPCapital

Facebook: https://www.facebook.com/DLPCapital/

Podcast Recommendations:

Impact with Don: https://impactwithdon.com/

The Walker Webcast - https://www.walkerdunlop.com/webcasts/

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Rust Belt Capital: https://rustbeltcapital.com/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh: https://www.leftfieldinvestors.com/books//