COVER STORY: INNOVATIVE COMPANY
(Left to right) Michael Niccolini, Steven Trowern Two of the Co-Founders and Partners of Temple View Capital
Temple View Capital
PRIVATE LENDING ‘BORN OF INNOVATION’ By Emily Rappleye, Contributing Writer for Originate Report
I
nnovation in all its forms — from
with innovation at its core, began
and the Department of Housing
incremental improvements to
with an experiment.
and Urban Development to modify
groundbreaking transformations
loans and help families stay in their
— begins with an experiment gone
In the mid-aughts, the firm’s four
homes. In the process, they ended
right. As Amazon founder Jeff Bezos
founders
up owning and selling thousands
has said, “Our success is a function
Steven Trowern, Lara George and
of
of how many experiments we do
Gerardo Botello — were working
out of the fund. They realized their
per year, per month, per week, per
together at MCM Capital, an $8
REO property buyers needed more
day.” It comes as no surprise then
billion distressed asset management
financing options, so they started to
that Temple View Capital Funding,
company they built from the ground
dabble in lending. When those early
a
Maryland-based
up. They were buying mortgage
experiments worked, they doubled
specialized private-lending firm
debt from Fannie Mae, Freddie Mac
down and established Temple View
6
Bethesda,
—
Michael
Niccolini,
real
estate-owned
properties
