Debt Doctor

Bill Bymel
  • 5.0 (4)
  • Investing
  • Updated Weekly

America's most qualified Debt Doctor, Bill Bymel, delivers the definitive prescription for navigating the complex world of distressed real estate debt and specialty finance to help you identify, acquire, and monetize undervalued real estate assets. Whether you're building your investment strategy, managing a distressed portfolio, seeking alternative investment opportunities, or protecting capital in uncertain times, you'll discover how seasoned professionals leverage, capitalize, and transform market volatility into double-digit returns to increase their investments, influence, and impact.

  1. 5d ago

    Non-Performing Loans Built a Two Billion Dollar Shadow Bank

    Non-performing loans got Dave Van Horn started with barely a market and even less credibility — no established buyers, no playbook, just paper other investors were passing on. What he built from that is a private capital network doing the job of a bank, without ever becoming one. I wanted to know his take on how you build buyer trust for non-performing loans when the asset class has no track record, and what happens when that trust scales into billions. Tune in to hear how his firm quietly rebuilt its whole operating model around a single thesis and why he thinks residential debt still works in a high-rate world. About Our Guest: Dave Van Horn is the CEO & Co-Founder at PPR Capital Management https://pprcapitalmgmt.com/, a private equity real estate firm that manages investment offerings which primarily invest in distressed assets and mortgages, as well as residential and commercial real estate throughout the United States, a Certified Exit Planning Advisor, and a published author with BiggerPockets. Connect further with Dave on LinkedIn https://www.linkedin.com/in/dave-van-horn/. 📲 Watch the full conversation and share your take in the comments. 🎧 Also available to listen on your favorite podcast platform. 🔔 Subscribe to stay informed on the trends and strategies reshaping the distressed debt market and for weekly investor intelligence insights on distressed debt, loan resolution, and smart investing that builds both wealth and impact. 👉 If you enjoy what you hear please share. For any lender holding defaulted or at-risk loans, the window to recover what’s owed narrows with every missed milestone. Together, First Lien Capital and UCLS now close that gap with one platform to identify, repair, and recover value before it is lost for good. Lenders and servicers can learn more or request a confidential portfolio review at First Lien Resolutions https://firstlienresolutions.com/, the advisory and special servicing arm of First Lien Capital. To collaborate with, sponsor or request an episode topic on Debt Doctor, please email podcast@billbybmel.com. #DebtDoctor #NonPerformingLoans #NoteInvesting #RealEstateDebt #DistressedDebt #SecondaryMortgageMarket #JuniorLiens #PrivateLending #RealEstateInvesting #MortgageNotes #BuildToRent #AlternativeInvestments #RealEstateCapital #PrivateCapital The intro/outro music in this video is copyrighted and used with permission by Shutterstock Canada, ULC dba PremiumBeat. Music: Snappy by Jonathan Boyle License: Creator License #7035351 Source: ⁠https://www.premiumbeat.com⁠

  2. Sep 23

    Global Debt Just Broke The Old Math

    Global debt is sitting near where it stood after World War II, and the math that let governments carry it cheaply for decades just flipped. I spent this week with the BIS annual report, the read central banks themselves take seriously, and there's a line in it that should stop you before you price your next refinance. Bond market liquidity that looks fine on a Tuesday can be gone by Friday. Private credit stress is already showing up in the exact corner of the system built to be the safe overflow once banks pulled back. And interest payments are now crowding out room for anything else on the government's ledger, which changes what safe global debt actually costs you, not just Washington. As a fund manager who buys mortgages and real estate nationwide, I'm reading this report like a workout file — what breaks first, where the stress actually shows up, how to think about the next wave before it lands. It's the same convergence I've been tracking in my latest book, The Storm: Markets Meet Mother Nature — debt, climate, and banking stress compounding each other instead of moving independently — except this time it's showing up at the systemic level instead of loan by loan. You're the one holding the asset. You're the one carrying the debt. You're the one who has to underwrite the next refinance once the terms have already moved. This is a blunt, experienced read on the risks building in the global economy, and how they impact debt, rates, and real estate next. 📲 Watch the full conversation and share your take in the comments. 🎧 Also available to listen on your favorite podcast platform. 🔔 Subscribe to stay informed on the trends and strategies reshaping the distressed debt market and for weekly investor intelligence insights on distressed debt, loan resolution, and smart investing that builds both wealth and impact. 👉 If you enjoy what you hear please share. The Storm: Markets Meet Mother Nature has received critical acclaim since release in April 2026, opening the conversation of how converging forces are reshaping markets and offering the framework for investors and institutions to navigate what comes next. Available at Amazon and other major retailers https://a.co/d/0gPB0yrY. Reviews say: “The Storm is not just a book, it's a strategic lens into the future of our industry.” For any lender holding defaulted or at-risk loans, the window to recover what’s owed narrows with every missed milestone. Together, First Lien Capital and UCLS now close that gap with one platform to identify, repair, and recover value before it is lost for good. Lenders and servicers can learn more or request a confidential portfolio review at First Lien Resolutions https://firstlienresolutions.com/, the advisory and special servicing arm of First Lien Capital. To collaborate with, sponsor or request an episode topic on Debt Doctor, please email podcast@billbybmel.com. #DebtDoctor #GlobalDebt #BISReport #MarketStability #ClimateChange #PrivateCredit #FinancialRisks #CentralBanks #EconomicResilience #BondMarketLiquidity #SovereignDebt #DistressedRealEstate #RealEstateInvesting #RefinanceRisk #NoteInvesting The intro/outro music in this video is copyrighted and used with permission by Shutterstock Canada, ULC dba PremiumBeat. Music: Snappy by Jonathan Boyle License: Creator License #7035351 Source: ⁠https://www.premiumbeat.com⁠

  3. Sep 16

    Multifamily Trap is Springing Now

    Multifamily investing is where I'm watching the next round of trouble build right now, and the fault line runs straight through how the 2021 and 2022 deals got financed. Ken Gee has worked three seats in this business — CPA, commercial lender, and the operator now writing checks into apartments while a lot of capital sits frozen between fear and FOMO. The paper bought on short-term and bridge debt is coming due, and the business plans underneath a chunk of it have already slipped. Ken came through the last crisis with investor capital intact, and he walked out with a read on which of these deals survive the reset and which ones land on my desk as a note in trouble. We get into why larger multifamily holds up differently than office, retail, and industrial when the market tightens, why "never sell" can quietly turn into the most expensive advice you ever took on an aging asset, and how the debt terms you sign today decide whether a slipped business plan is a bruise or a wipeout. Ken is all-in on multifamily investing right now. I spend my days on what happens when these deals stop working. The distance between those two seats is the whole conversation and where he's putting his own money next is what you'll want to hear from him. About Our Guest: Ken is the Founder and Managing Member of KRI Partners https://www.kripartners.com, a real estate private equity and investor education firm. As a CPA, licensed broker in two states, and former commercial lender, he's guided more than $2 billion in transactions, largely in the acquisition, management, and financing of multifamily projects. Connect further with Ken on LinkedIn https://www.linkedin.com/in/geekennetha/ 📲 Watch the full conversation and share your take in the comments. 🎧 Also available to listen on your favorite podcast platform. 🔔 Subscribe to stay informed on the trends and strategies reshaping the distressed debt market and for weekly investor intelligence insights on distressed debt, loan resolution, and smart investing that builds both wealth and impact. 👉 If you enjoy what you hear please share. For any lender holding defaulted or at-risk loans, the window to recover what’s owed narrows with every missed milestone. Together, First Lien Capital and UCLS now close that gap with one platform to identify, repair, and recover value before it is lost for good. Lenders and servicers can learn more or request a confidential portfolio review at First Lien Resolutions https://firstlienresolutions.com/, the advisory and special servicing arm of First Lien Capital. To collaborate with, sponsor or request an episode topic on Debt Doctor, please email podcast@billbybmel.com. #DebtDoctor #MultifamilyInvesting #RealEstateInvesting #CommercialRealEstate #ApartmentInvesting #DistressedDebt #MultifamilyRealEstate #BridgeDebt #PrivateEquityRealEstate #PassiveInvesting #RealEstateFinance #RealEstate #FixandFlip The intro/outro music in this video is copyrighted and used with permission by Shutterstock Canada, ULC dba PremiumBeat. Music: Snappy by Jonathan Boyle License: Creator License #7035351 Source: ⁠https://www.premiumbeat.com⁠

  4. Sep 9

    Mortgage Bankruptcy Is Now Outpacing Foreclosure

    Years of free loan modifications didn't solve the default problem, they delayed it. In more of my markets than I'd like, mortgage bankruptcy filings are already ahead of foreclosures, and the servicing shops, law firms, and preservation firms built for the last cycle keep consolidating or disappearing. Barry Owens has spent his career deciding what happens to a distressed file once the easy path closes, and we get into why mortgage bankruptcy, not foreclosure, is the number to watch right now, and what changes the moment bankruptcy, instead of foreclosure, becomes the file sitting on your desk. About Our Guest: Barry Owens is Managing Director of Asset Bridge Solutions https://assetbridge.us/, the new force in mortgage resolution built to handle the full lifecycle of a distressed mortgage from default to disposition. Engineered outcomes that work for investors, servicers, and borrowers by providing operational convergence of industry-leading platforms in loss mitigation, asset servicing, and property resolution. Connect further with Barry on LinkedIn https://www.linkedin.com/in/barry-owens-25455955/. 📲 Watch the full conversation and share your take in the comments. 🎧 Also available to listen on your favorite podcast platform. 🔔 Subscribe to stay informed on the trends and strategies reshaping the distressed debt market and for weekly investor intelligence insights on distressed debt, loan resolution, and smart investing that builds both wealth and impact. 👉 If you enjoy what you hear please share. For any lender holding defaulted or at-risk loans, the window to recover what’s owed narrows with every missed milestone. Together, First Lien Capital and UCLS now close that gap with one platform to identify, repair, and recover value before it is lost for good. Lenders and servicers can learn more or request a confidential portfolio review at First Lien Resolutions https://firstlienresolutions.com/, the advisory and special servicing arm of First Lien Capital. To collaborate with, sponsor or request an episode topic on Debt Doctor, please email podcast@billbybmel.com. #DebtDoctor #PrivateCredit #DistressedDebt #MortgageBankruptcy #BankruptcyTrends #DistressedRealEstate #MortgageDefault #ForeclosureInvesting #DistressedDebt #PropertyPreservation #RealEstateInvesting #NoteInvesting #LoanModification #MortgageServicing #RealEstateInvestor #DistressedAssets #TrusteeSale The intro/outro music in this video is copyrighted and used with permission by Shutterstock Canada, ULC dba PremiumBeat. Music: Snappy by Jonathan Boyle License: Creator License #7035351 Source: ⁠https://www.premiumbeat.com⁠

  5. Sep 2

    Note Investing Is Filling Up With Bank Rejects

    Every borrower a bank turns away has to land somewhere. More and more of them are landing in private paper, which means they're landing on you. Affordability isn't cooling the housing market. It's reshaping who can borrow, how deals get structured, and where your next note actually comes from. Homes are sitting longer. Price cuts are climbing. And the borrowers showing up in note investing right now are ones the banks wouldn't finance a year ago. Something under this market is moving, and you're pricing paper right in the middle of it. Nathan Turner joins me to get into what's really moving underneath the headlines. Is it opportunity, or is it risk creeping back in? About Our Guest: Nathan Turner is Fund Manager of Earnest Investing LP note fund https://earnestinvesting.com/. He actively manages assets for accredited passive investors. Nathan is also the host of the Diversified Mortgage Expo note conference https://diversifiedmortgageexpo.com/. Connect further with Nathan on LinkedIn https://www.linkedin.com/in/nathan-turner-a9a1b510/. 📲 Watch the full conversation and share your take in the comments. 🎧 Also available to listen on your favorite podcast platform. 🔔 Subscribe to stay informed on the trends and strategies reshaping the distressed debt market and for weekly investor intelligence insights on distressed debt, loan resolution, and smart investing that builds both wealth and impact. 👉 If you enjoy what you hear please share. For any lender holding defaulted or at-risk loans, the window to recover what’s owed narrows with every missed milestone. Together, First Lien Capital and UCLS now close that gap with one platform to identify, repair, and recover value before it is lost for good. Lenders and servicers can learn more or request a confidential portfolio review at First Lien Resolutions https://firstlienresolutions.com/, the advisory and special servicing arm of First Lien Capital. To collaborate with, sponsor or request an episode topic on Debt Doctor, please email podcast@billbybmel.com. #DebtDoctor #PrivateCredit #DistressedDebt #RealEstateInvesting #NoteInvesting #PrivateLending #MortgageNotes #HousingMarket #NonQM #DSCR #RealEstateCredit #AlternativeLending #HousingAffordability #RealEstateInvestor #NoteBuyers The intro/outro music in this video is copyrighted and used with permission by Shutterstock Canada, ULC dba PremiumBeat. Music: Snappy by Jonathan Boyle License: Creator License #7035351 Source: ⁠https://www.premiumbeat.com⁠

  6. Aug 26

    Private Credit Won't Survive a Hard Look

    Something is turning in the loan books, and if you hold paper or source your own deals, it's already moving toward you. The distress in private credit that keeps getting written off as noise is only getting started. FHA defaults are working loose. The collateral behind a lot of private credit won't hold up to a hard look. And the firms that packaged it are about to find out what they actually own. I've resolved thousands of distressed situations, and the early tremors always look like this. I wouldn't be surprised to see a major private equity firm go down this year, and I won't tell you here where the first crack shows. The distress is coming either way. The only question is who's positioned to catch it and who becomes the next file on someone else's desk. I sat down with veteran broker and Founder of Benajmin Capital Group, Joe Bettag, who's been in the distressed game since the subprime crisis, to get into where this actually lands. Pull up a chair. About Our Guest: Joe Bettag is CEO and Founder of Benajmin Capital Group www.benjamincapgroup.com, a private equity investment firm specializing in distressed real estate debt/non-performing and semi-performing mortgages, REO's and commercial development opportunities. Connect further with Joe on LinkedIn https://www.linkedin.com/in/joe-bettag/. 📲 Watch the full conversation and share your take in the comments. 🎧 Also available to listen on your favorite podcast platform. 🔔 Subscribe to stay informed on the trends and strategies reshaping the distressed debt market and for weekly investor intelligence insights on distressed debt, loan resolution, and smart investing that builds both wealth and impact. 👉 If you enjoy what you hear please share. First Lien Capital is a privately owned distressed mortgage investment platform focused on the acquisition and timely resolution of sub-performing, non-performing mortgage loans on residential or commercial real estate. First Lien Resolutions, First Lien Capital's third-party advisory and special servicing arm for banks, funds, and institutions holding distressed and dislocated debt, delivers end-to-end resolution through engineered outcomes that work for investors, servicers, and borrowers. Whether you're a bank, servicer, hedge fund, family office, or institutional investor, let’s talk about what our RESOLUTIONS (https://firstlienresolutions.com/) can do for your book. To collaborate with, sponsor or request an episode topic on Debt Doctor, please email podcast@billbybmel.com. #DebtDoctor #PrivateCredit #DistressedRealEstate #RealEstateInvesting #NoteInvesting #MortgageCrisis #RealEstateMarket #Foreclosure #FHA #RealEstateDebt #PrivateEquity #SecondaryMortgageMarket The intro/outro music in this video is copyrighted and used with permission by Shutterstock Canada, ULC dba PremiumBeat. Music: Snappy by Jonathan Boyle License: Creator License #7035351 Source: ⁠https://www.premiumbeat.com⁠

  7. Aug 19

    Climate Change Is Coming for Your Real Estate

    Put the last five years of weather on one screen. The quakes. The heat domes. The fires that jump highways. The floods that sit for weeks. Typhoons snapping records they set the season before. The words we use to keep this rare, thousand-year event, once a century, stopped being accurate some time ago. Climate change is one current, and it isn't even the one that reaches your real estate first. I've spent decades resolving distressed property and I've never watched this many forces stack up at once, one on top of the next, all of it landing on whoever's holding the asset. A cost that used to be a footnote on the closing statement now decides whether a place is worth owning. Owners on fixed incomes, lenders, commercial operators, nobody in that chain sits it out. This isn't panic. It's preparation. We're the only country on Earth still treating this like a political opinion of tree huggers versus capitalists, instead of what it actually is for anyone holding real estate: exposure. Climate is one current. Debt is another. Where these forces meet, and whose ground gives first is what you'll read about in greater depth in my latest book, The Storm: Markets Meet Mother Nature. The Storm: Markets Meet Mother Nature has received critical acclaim since release in April 2026, opening the conversation of how converging forces are reshaping markets and offering the framework for investors and institutions to navigate what comes next. Available at Amazon and other major retailers https://a.co/d/0gPB0yrY. Reviews say: “The Storm is not just a book, it's a strategic lens into the future of our industry.” 📲 Watch the full conversation and share your take in the comments. 🎧 Also available to listen on your favorite podcast platform. 🔔 Subscribe to stay informed on the trends and strategies reshaping the distressed debt market and for weekly investor intelligence insights on distressed debt, loan resolution, and smart investing that builds both wealth and impact. 👉 If you enjoy what you hear please share. First Lien Capital is a privately owned distressed mortgage investment platform focused on the acquisition and timely resolution of sub-performing, non-performing mortgage loans on residential or commercial real estate. First Lien Resolutions, First Lien Capital's third-party advisory and special servicing arm for banks, funds, and institutions holding distressed and dislocated debt, delivers end-to-end resolution through engineered outcomes that work for investors, servicers, and borrowers. Whether you're a bank, servicer, hedge fund, family office, or institutional investor, let’s talk about what our RESOLUTIONS (https://firstlienresolutions.com/) can do for your book. To collaborate with, sponsor or request an episode topic on Debt Doctor, please email podcast@billbybmel.com. #DebtDoctor #TheStorm #ClimateChange #RealEstateInvesting #DistressedDebt #ClimateRisk #RealEstateMarket #InterestRates #MortgageInvesting #InsuranceCrisis #HousingMarket #SecondaryMortgageMarket #LossMitigation #RiskManagement #PrivateCredit The intro/outro music in this video is copyrighted and used with permission by Shutterstock Canada, ULC dba PremiumBeat. Music: Snappy by Jonathan Boyle License: Creator License #7035351 Source: ⁠https://www.premiumbeat.com⁠

  8. Aug 12

    Microdevelopment Is Repricing California

    California real estate is repricing right now, and it's not the big projects doing it. Microdevelopment is what's moving, and if you're buying in this state, it's already changing what your next parcel is worth. Jared Jones of Middle Housing Partners has 600 units finished and 600 more in motion, and he's watched microdevelopment take a bigger and bigger piece of California's housing starts. Discover how small-scale projects and new laws are transforming urban living and creating scalable solutions. He put a big number on where it lands in the next two to three years. About Our Guest: Jared Jones is Co-Founder of Middle Housing Partners https://middlehousingpartners.com, a micro-developer tackling the housing crisis one lot at a time with purpose-driven capital, using California housing law to build small, repeatable communities that meet real demand and deliver returns. Connect further with Jared on LinkedIn https://www.linkedin.com/in/jared-jones-9a3694168/. 📲 Watch the full conversation and share your take in the comments. 🎧 Also available to listen on your favorite podcast platform. 🔔 Subscribe to stay informed on the trends and strategies reshaping the distressed debt market and for weekly investor intelligence insights on distressed debt, loan resolution, and smart investing that builds both wealth and impact. 👉 If you enjoy what you hear please share. The Storm: Markets Meet Mother Nature has received critical acclaim since release in April 2026, opening the conversation of how converging forces are reshaping markets and offering the framework for investors and institutions to navigate what comes next. Available at Amazon and other major retailers https://a.co/d/0gPB0yrY. Reviews say: “The Storm is not just a book, it's a strategic lens into the future of our industry.” First Lien Capital is a privately owned distressed mortgage investment platform focused on the acquisition and timely resolution of sub-performing, non-performing mortgage loans on residential or commercial real estate. First Lien Resolutions, First Lien Capital's third-party advisory and special servicing arm for banks, funds, and institutions holding distressed and dislocated debt, delivers end-to-end resolution through engineered outcomes that work for investors, servicers, and borrowers. Whether you're a bank, servicer, hedge fund, family office, or institutional investor, let’s talk about what our RESOLUTIONS (https://firstlienresolutions.com/) can do for your book. For collaboration, sponsorship or episode topic requests with Debt Doctor, please email podcast@billbybmel.com. #DebtDoctor #Microdevelopment #AffordableHousing #ADU #CaliforniaRealEstate #HousingCrisis #UrbanInfill #SmallLotSubdivision #RealEstateInvesting #HousingShortage #InfillDevelopment #RealEstateInvestor #CaliforniaHousing The intro/outro music in this video is copyrighted and used with permission by Shutterstock Canada, ULC dba PremiumBeat. Music: Snappy by Jonathan Boyle License: Creator License #7035351 Source: ⁠https://www.premiumbeat.com⁠

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Ratings & Reviews

5
out of 5
4 Ratings

About

America's most qualified Debt Doctor, Bill Bymel, delivers the definitive prescription for navigating the complex world of distressed real estate debt and specialty finance to help you identify, acquire, and monetize undervalued real estate assets. Whether you're building your investment strategy, managing a distressed portfolio, seeking alternative investment opportunities, or protecting capital in uncertain times, you'll discover how seasoned professionals leverage, capitalize, and transform market volatility into double-digit returns to increase their investments, influence, and impact.

Information

  • Creator
    Bill Bymel
  • Years Active
    2025 - 2026
  • Episodes
    84
  • Rating
    Clean
  • Copyright
    © Bill Bymel
  • Show Website
    Debt Doctor

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