Have you lost a real estate deal because debt costs skyrocketed and the banks stopped financing your construction project?  Eric Brody, my guest today has but he has pulled himself up by his bootstraps and now helps others out of similar, sticky situations.  His new venture, ANAX, provides much-needed capital to distressed real estate projects in various stages of completion.  He shares his personal story of being at the wrong end of a distressed development deal, the lessons he learned, and how it inspired him to set up a rescue capital venture for other developers in a similar situation.  We discuss the current state of distress in the marketplace and how developers and investors can navigate these challenges and Eric unwraps how lessons learned from painful experience are the foundations for success going forward.  Eric doesn’t accept individual investors (his venture is fully funded), but if you’re looking at other rescue funds to invest in, tune in to hear Eric’s war story for context on what rescue capital is and how it thinks and does. *** In this brand new podcast series at GowerCrowd, The Real Estate Reality Show, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and distressed opportunities they can invest in. You’ll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype. You’ll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn. Subscribe to our YouTube channel here: https://www.youtube.com/gowercrowd?sub_confirmation=1