Brick by Brick - From the Flipping Trenches to Running a Fund

Most real estate investors chase the deal. Will Harvey chased the lesson — and eventually followed it all the way out of operations and into running a fund. In this episode of Brick by Brick, Loren sits down with Will Harvey III, founder of Harvey Capital Funding, a Richmond, VA-based hard money lending operation. Will’s path is anything but straight: a college dropout, a recovering mortgage originator, a house flipper, a syndication LP and GP, a short-term rental operator who took a $70-80k loss on a functionally obsolete Northern Virginia property, and ultimately a fund manager who now says the operating life just isn’t wired into him. The candor in that admission — and what he built on the other side of it — is what makes this episode worth your time. In this episode, you’ll learn:•          How Will went from residential loan officer to founding a dedicated hard money fund — and why the 2022 STR deal was the turning point that clarified everything•          The LP/GP alignment question most limited partners never ask — and why proformas are largely baloney•          How Will underwrites borrowers beyond the asset: credit score philosophy, face-to-face meetings with every borrower, and the red flags that end a deal conversation•          How both Will and Loren are embedding AI into their lending workflows — from call transcription to title review to portfolio monitoring•          What “looking down, not up” actually means in practice — and why Will now stress-tests downside before he ever runs upside Will Harvey III is the founder of Harvey Capital Funding, a Virginia-focused private lending operation offering fix-and-flip, rental bridge, and refinance loans to real estate investors. He also manages a separate fund investing in seller-financed notes. He is based in Richmond, VA. Topics covered:•          Double college dropout to mortgage originator•          House flipping and building a personal RE portfolio•          LP investing in 100+ unit multifamily syndications•          Leading his own syndications and operating a wedding venue and boutique hotel•          The 2022 Northern Virginia STR loss — deal goggles, a functionally obsolete house, and $70–80k in combined losses•          Founding Harvey Capital Funding in 2023 and spinning out a dedicated hard money fund•          Borrower underwriting: credit score philosophy, face-to-face meetings, red flags•          AI in lending: call transcription, CRM integration, title review, portfolio monitoring•          The GP mindset: conservative assumptions, verified track record, “look down not up” If you got value from this show share it with your friends Connect with Will Harvey:Website: harveycapitalfunding.com   |   Email: [email protected]