Gregg Pierce is a notable financial expert who is known for his insights on hard money loans and their impact on the US economy. He currently works as the managing director of Global Capital Partners Fund LLC, where he provides guidance to business people from all industries. He has an excellent reputation for great client service, quick closing of loans, and a suite of lending options. Global Capital Partners is a private global commercial lender based in New York, offering many financing options, including: bridge financing, hard money loans, private lending, commercial real estate financing, structured joint venture financing, permanent financing, mezzanine financing, construction loans and acquisition financing. It is recognized as one of the best mortgage lenders due to its simple loan applications and quick processing. It has been highly successful and helped many clients over the years. Global Capital Partners has funded over $2 billion in transactions. From mortgages to land, development, and even equipment, its expertise in private loan financing allows it to quickly close on loans from $1MM to over $100MM.
Where did the idea for your career come from?
The idea for Global Capital Partners Fund, LLC came about because I saw a need in the market for a private global commercial lender that could provide quick and easy financing options for businesses. I wanted to create a company that could help businesses grow and succeed by providing them with the capital they need to get started or expand.
What does your typical day look like and how do you make it productive?
My typical day starts with a cup of coffee and catching up on the news. I then head into the office, where I spend most of my time meeting with clients, working on loan applications, and reviewing new opportunities. I try to stay as organized as possible and keep a tight schedule so that I can make the most of my day. We have many new applicants and loan requests each day, so it is important that I stay organized and reply to everyone.
How do you bring ideas to life?
I am a very visual person, so I like to sit down and map out my ideas before I start working on them. As simple as it may sound, I like to work out a flowchart or cluster chart for each client. Because we work with clients who are seeking millions of dollars in loans, it is important to use every tool or visualization possible, even if some people might misconstrue it as rudimentary. I also like bouncing ideas off of other people to get their perspectives. Once I have a solid plan, I start working on making it a reality.
What’s one trend that excites you?
I am really excited about the trend of businesses moving towards more environmentally friendly practices. I think this is not only good for the planet, but it is also good for business. The entire ESG space is ripe for investment, which will reap great returns for investors as well as benefits for everyone.
What is one habit of yours that makes you more productive as an entrepreneur?
I am very disciplined when it comes to my work schedule. I make sure that I set aside time each day to focus on my work and I stick to it. This allows me to stay focused and get things done more efficiently.
What advice would you give your younger self?
You can’t be afraid to take risks. Sometimes, in order to achieve something great, you have to put yourself out there and take a chance. Be brave and don’t let the fear of failure hold you back from chasing your dreams.
Tell us something that’s true that almost nobody agrees with you on.
I believe that hard money loans are a good thing for the US economy. A lot of people disagree with me on this, but I think that they can be very beneficial. Hard money loans are a great way for people to get the funding they need for their businesses, and they can help to stimulate the economy.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
The one thing that I recommend all entrepreneurs do is to always be learning. Whether it’s reading books, listening to podcasts, or taking classes, it’s important to continuously learn and grow. As an entrepreneur, you’re constantly facing new challenges and if you’re not continually learning, you won’t be able to keep up.
What is one strategy that has helped you grow your business?
I’ve found that one of the best strategies for growing a business is to build a strong team of people who share your vision and values. When you have a team of people who are all working towards the same goal, it makes it much easier to achieve success. Additionally, it’s important to delegate tasks and responsibilities so that you can focus on the most important aspects of running your business.
What is one failure you had as an entrepreneur, and how did you overcome it?
One failure I experienced as an entrepreneur was underestimating the importance of marketing. I thought that if I built a great product or service, people would automatically flock to my business. However, I quickly realized that wasn’t the case. I needed to put in the extra effort to market my business and get the word out there. I overcame this failure by devoting more time and resources to marketing, and it eventually paid off.
What is one business idea that you’re willing to give away to our readers?
One business idea I would give away is starting a home-based business. This can be a great way to earn some extra income, or even replace your full-time income if you’re able to grow it enough. There are numerous advantages to starting a home-based business, such as low overhead costs, flexible hours, and the ability to work around your family’s schedule.
What is the best $100 you recently spent? What and why?
I would say that the best $100 I recently spent was on a 60 minute full body massage. $100 is a great deal on a massage in New York. A friend of mine sent me an invitation to a top-notch masseuse for a special introductory deal for only $100. It was great. A full-body massage gives me a chance to unwind and $100 in New York is amazing.
What is one piece of software or a web service that helps you be productive?
I am a big fan of Google Drive. I use it to store all of my important documents and files so that I can access them from anywhere. It is also very helpful for collaborating with others on projects.
What is the one book that you recommend our community should read and why?
The Innovator’s Dilemma by Clayton Christensen is a great book for understanding how companies can be disrupted by new technologies and products. It is essential reading for anyone in the business world.
What is your favorite quote?
“The best way to predict the future is to create it.” – Peter Drucker. This quote is a great reminder that we should always be striving to create the future that we want to see.
- Be disciplined when it comes to your work schedule. Be sure to set aside time each day to focus on your work and stick to it. This will allow you to stay focused and get things done more efficiently.
- You can’t be afraid to take risks. Sometimes, in order to achieve something great, you have to put yourself out there and take a chance. Be brave and don’t let the fear of failure hold you back from chasing your dreams.
- The one thing that I recommend all entrepreneurs do is to always be learning. Whether it’s reading books, listening to podcasts, or taking classes, it’s important to continuously learn and grow. As an entrepreneur, you’re constantly facing new challenges and if you’re not continually learning, you won’t be able to keep up.
Steve (Stefan) Junge hails from Germany and helps with the day-to-day publishing of interviews on IdeaMensch. While he and Mario don’t share a favorite soccer club, their enthusiasm to help entrepreneurs is a shared passion.