1 00:00:00.000 --> 00:00:01.710 Johny Fernandez: I've been talking to you guys most of the 2 00:00:01.710 --> 00:00:04.560 days now we're gonna be talking to different people. You know, 3 00:00:04.560 --> 00:00:07.140 from the industry we have Matthew right here, Matthew, 4 00:00:07.140 --> 00:00:07.890 how's it going, man? 5 00:00:08.670 --> 00:00:09.480 Matthew Feit: How you doing today? 6 00:00:09.480 --> 00:00:09.750 Johny Fernandez: Good. 7 00:00:09.750 --> 00:00:11.610 Matthew Feit: Matthew Feit High Power Capital. 8 00:00:11.790 --> 00:00:12.690 Johny Fernandez: All right, Matthew, 9 00:00:12.720 --> 00:00:13.830 Matthew Feit: Really happy to be here. 10 00:00:13.860 --> 00:00:15.810 Johny Fernandez: Thank you so much for being with us. So go 11 00:00:15.810 --> 00:00:18.450 ahead and walk us through. What's the takeaway so far? I 12 00:00:18.450 --> 00:00:21.150 mean, it's, it's still early in the morning, there's a lot of 13 00:00:21.150 --> 00:00:22.620 people here, walk me through. 14 00:00:23.430 --> 00:00:25.650 Matthew Feit: It's overwhelming a little bit. There's a lot 15 00:00:25.650 --> 00:00:29.250 going on, but there's a lot of energy in this room, and you 16 00:00:29.250 --> 00:00:32.520 could just feel it, you know, and business is happening. We're 17 00:00:32.520 --> 00:00:35.760 we're here in the belly of the beast. You know, we came from 18 00:00:36.240 --> 00:00:38.700 we're, we're from central New Jersey, where we're on the 19 00:00:38.700 --> 00:00:41.640 Jersey Shore. And we came all the way out here just to be 20 00:00:41.640 --> 00:00:43.800 here. And it means a lot to myself and my team that's here 21 00:00:43.800 --> 00:00:44.280 as well. 22 00:00:44.400 --> 00:00:46.230 Johny Fernandez: So Matthew, what is the one panel you're 23 00:00:46.230 --> 00:00:47.610 looking forward to the most? 24 00:00:47.880 --> 00:00:50.460 Matthew Feit: I don't know. You know what, I'm just so open 25 00:00:50.460 --> 00:00:53.880 minded right now, I haven't put too much focus on one specific 26 00:00:53.880 --> 00:00:58.050 thing. But uh, I always love the debate. The debate is very cool. 27 00:00:58.050 --> 00:01:03.450 Back in 2019, at the Roosevelt Hotel, that debate was so it was 28 00:01:03.450 --> 00:01:06.450 just groundbreaking, you know, it was like, so the minds were 29 00:01:06.450 --> 00:01:08.670 in the building. And it was awesome. 30 00:01:08.700 --> 00:01:10.890 Johny Fernandez: So for the industry, I mean, in the last 31 00:01:10.890 --> 00:01:12.960 few years, it's changed drastically the world has 32 00:01:12.960 --> 00:01:15.540 changed. So coming back to something like this, what have 33 00:01:15.540 --> 00:01:18.390 you noticed, what's been your big takeaway in regards to just 34 00:01:18.390 --> 00:01:20.940 talking to different people in the industry, what's been your 35 00:01:20.940 --> 00:01:21.480 takeaway? 36 00:01:21.540 --> 00:01:25.890 Matthew Feit: Things are back to about 90% normal numbers are 37 00:01:25.890 --> 00:01:29.970 leveling off a lot. And the good thing is that business is 38 00:01:29.970 --> 00:01:33.540 happening again, you know, a lot of the fear is starting to 39 00:01:33.600 --> 00:01:37.050 subside. Thankfully, for us, because you can't keep small 40 00:01:37.050 --> 00:01:40.830 business down. You can't keep America down. And the backbone 41 00:01:40.830 --> 00:01:44.430 of this is small business. So things are just getting back to 42 00:01:44.430 --> 00:01:45.630 normal in a great way, you know. 43 00:01:45.630 --> 00:01:47.610 Johny Fernandez: So there's a lot of new people here that have 44 00:01:47.610 --> 00:01:50.730 never been to Broker Fair, that they've never, you know, ever, 45 00:01:50.730 --> 00:01:53.460 like really been inside the industry in person. They've been 46 00:01:53.460 --> 00:01:56.490 doing it online. Yeah. So have you met a couple of those guys? 47 00:01:56.490 --> 00:01:57.480 And what have they told you? 48 00:01:57.630 --> 00:01:59.430 Matthew Feit: You know what, I just kind of got here a couple 49 00:01:59.430 --> 00:02:02.400 minutes ago, I haven't met, there's just so many new people. 50 00:02:02.490 --> 00:02:05.730 And it's a good thing. You know, it's tough when the market is 51 00:02:05.730 --> 00:02:09.330 extremely saturated. But it's okay. Because as companies 52 00:02:09.330 --> 00:02:12.570 leave, they come and, you know, everything is just working in a 53 00:02:12.570 --> 00:02:15.270 way where it's just moving forward again, and we were at a 54 00:02:15.270 --> 00:02:18.900 standstill for a while. And now that we're moving forward, we 55 00:02:18.900 --> 00:02:21.120 have a lot to look forward to, we have a lot to be excited 56 00:02:21.120 --> 00:02:22.590 about in 2022. 57 00:02:22.780 --> 00:02:25.030 Johny Fernandez: So let's kind of walk me through your goals. I 58 00:02:25.030 --> 00:02:28.360 mean, 2021's wrapping up, what's 2022 gonna look like? 59 00:02:28.440 --> 00:02:30.870 Matthew Feit: We want to get back at a just to elevated 60 00:02:30.870 --> 00:02:34.830 numbers, get our numbers back to we're doing, you know, from my 61 00:02:34.830 --> 00:02:38.400 shop, if we're doing 25, 30 deals a month, I have a smaller 62 00:02:38.400 --> 00:02:42.480 shop, we originate every single deal. So when we originate 63 00:02:42.480 --> 00:02:46.080 deals, it's not as it's not as easy as I had, you know, 15 or 64 00:02:46.080 --> 00:02:49.380 20 guys in the room. It's just me and a small team. So we want 65 00:02:49.380 --> 00:02:52.860 to get our numbers back to where they were before COVID, like 66 00:02:52.860 --> 00:02:57.630 2019. And but better. Yeah, just just bigger. There's more, more 67 00:02:57.630 --> 00:03:00.480 of a solid foundation now of going through all this stuff. 68 00:03:00.510 --> 00:03:02.760 Johny Fernandez: Yeah. So kind of walk me through. I mean, 69 00:03:02.760 --> 00:03:04.440 what's your expectation for today? 70 00:03:04.800 --> 00:03:08.220 Matthew Feit: Today, I just want to learn, absorb, you know, 71 00:03:08.220 --> 00:03:11.760 network, meet with some new lenders have fun, a lot of my 72 00:03:11.760 --> 00:03:14.340 friends are here. These aren't just people I do business with a 73 00:03:14.340 --> 00:03:17.430 lot of these people are friends. You know, I love deBanked. I 74 00:03:17.430 --> 00:03:21.120 love the media outlet, the process, I'm on the website 75 00:03:21.120 --> 00:03:24.600 every single day. So I just want to just absorb everything and 76 00:03:24.600 --> 00:03:25.320 just enjoy it. 77 00:03:25.800 --> 00:03:27.870 Johny Fernandez: And as someone from a smaller business, I mean, 78 00:03:27.900 --> 00:03:30.570 what do you want to see more of when it comes to the media 79 00:03:30.570 --> 00:03:31.380 aspect of debanked? 80 00:03:31.860 --> 00:03:34.770 Matthew Feit: I want, I want coverage. I don't want there to 81 00:03:34.770 --> 00:03:38.730 be a stigma, because I think a lot of people forget that we 82 00:03:38.730 --> 00:03:42.720 lend money to high risk businesses. So our rates on bank 83 00:03:42.720 --> 00:03:46.860 rates we're alternative. But we give people a chance. And I 84 00:03:46.860 --> 00:03:48.780 think people should give us a chance too. 85 00:03:49.320 --> 00:03:52.890 Johny Fernandez: So let's talk a little bit about people watching 86 00:03:52.890 --> 00:03:55.380 that are new to the industry. You know, you've been doing it 87 00:03:55.380 --> 00:03:57.780 for a little bit. But people that are brand new, what advice 88 00:03:57.780 --> 00:03:59.010 would you have to them if they're watching right now? 89 00:03:59.010 --> 00:04:02.280 Matthew Feit: I would say, look, just put your head down focus, 90 00:04:02.370 --> 00:04:06.510 focus on your client. Don't worry about the deal by deal, 91 00:04:06.540 --> 00:04:10.680 focus on the prospect. Start there, build your client base 92 00:04:10.710 --> 00:04:16.470 and just treat them right. Just have good business practices, 93 00:04:16.500 --> 00:04:19.980 you know, work honestly. And the results will come. But if you 94 00:04:19.980 --> 00:04:23.400 focus on the sale and not the prospect, you're not gonna be as 95 00:04:23.400 --> 00:04:23.910 successful. 96 00:04:24.090 --> 00:04:27.090 Johny Fernandez: Yeah. And then overall, I mean, did you going 97 00:04:27.090 --> 00:04:29.820 to the pre show coming here? People are here. Everyone's 98 00:04:29.820 --> 00:04:33.060 excited. Yes. How would describe the energy that you that you 99 00:04:33.060 --> 00:04:33.600 feel here? 100 00:04:33.630 --> 00:04:36.630 Matthew Feit: It's just it's almost like nerve racking a 101 00:04:36.630 --> 00:04:39.840 little bit. But it's just so great to see everyone out and 102 00:04:39.840 --> 00:04:43.830 about and just together because although everyone's scattered 103 00:04:43.830 --> 00:04:47.130 all over the place. We're still here right now. And right now is 104 00:04:47.130 --> 00:04:50.910 all that matters that we're in a phase of growing again, and it's 105 00:04:50.910 --> 00:04:54.390 just a really awesome thing that the turnout is great this year. 106 00:04:54.420 --> 00:04:56.730 I can't wait for it to continue going. 107 00:04:56.760 --> 00:04:58.650 Johny Fernandez: Yeah, awesome. Well, Matthew, thank you so much 108 00:04:58.830 --> 00:05:00.510 appreciate your time and enjoy the event. 109 00:05:00.510 --> 00:05:01.200 Matthew Feit: Thank you so much