FIBI Pasadena: Multifamily Deep Dive: Equity to Debt

When: Thursday September 18, 2025 @ 7pm IN PERSON ONLY
Link to register and PrePay: $20 ($25 day of)
https://forms.gle/hHDMaKrvP4Vkcpy49

FIBI Pasadena Real Estate (RE) is happy to present:

TOPIC: FIBI Pasadena: Multifamily Deep Dive: Equity to Debt
Also: Let's welcome Gary Lipsky, Break of Day Capital
Andrew Westling, Walker and Dunlop as the guest of FIBI Pasadena.

When: Thursday September 23, 2025 @ 7pm IN PERSON ONLY
Where: NEW LOCATION - Sierra Madre Woman's Club, 550 West Sierra Madre Blvd
Fee: $25 at the door

Link to register and PrePay: $20 https://forms.gle/hHDMaKrvP4Vkcpy49
or $25 Day of the event

### 1. The Anatomy of a Successful Multifamily Syndication Deal

Gain behind-the-scenes insights into building an exceptional syndication structure—from property acquisition to capital raising and debt layering.
Speaker Insight:

• Gary Lipsky, Founder and President of Break of Day Capital, brings over 20 years of experience as a real estate entrepreneur, having acquired more than 1,800 apartment units and executed approximately $250 million in transactions [Walker & Dunlop+11breakofdaycapital.com+11Bold Journey+11](https://breakofdaycapital.com/our-team/?utm_source=chatgpt.com).
• His firm's transparent, boutique approach and award-winning track record will shed light on the nuanced teamwork, market timing, and capital structuring that drive deal success.

### 2. The Critical Role of the Debt Stack in Deal Structuring

Explore debt stacking strategies—how layering senior, mezzanine, and other financing types can make or break the outcome of your multifamily deal.
Speaker Insight:

• Andrew Westling, Director of Capital Markets at Walker & Dunlop’s Los Angeles office, has originated and closed over $1.8 billion in debt and equity financing for multifamily, industrial, retail, and more Yahoo Finance+7Walker & Dunlop+7Walker & Dunlop+7.
• With deep expertise in underwriting and closing, Andrew will help clarify how optimal debt structuring preserves returns and mitigates risk in today's dynamic markets.

### 3. Real-World Examples: What Worked and What Almost Didn’t

Get an honest breakdown of real syndicated deals—what propelled them to success and which pitfalls nearly derailed them.
Speaker Insight:

• Gary Lipsky frequently shares lessons via podcasts and writing, drawing directly from his experience managing Class C value-add multifamily investments and engaging investors with real outcomes Walker & Dunlop+1[Instagram+6capitalgainstaxsolutions.com+6Yahoo Finance+6](https://capitalgainstaxsolutions.com/becoming-a-best-in-class-multifamily-investor-with-gary-lipsky/?utm_source=chatgpt.com).
• Andrew Westling’s perspective will emphasize the importance of data-informed decision-making across underwriting, stress testing, and financing structures [Traded+6christinasuter.com+6YouTube+6](https://christinasuter.com/podcast/51-andrew-westling-walker-dunlops-3-hats-to-lending-in-commercial-real-estate/?utm_source=chatgpt.com).

***

## Why These Takeaways Matter

1. Build with Confidence — Understanding the full deal lifecycle—from acquisition to capital deployment—sets a strong foundation.
2. Leverage Debt Wisely — The right debt stack isn’t just leverage—it’s a strategic advantage for returns and resilience.
3. Learn from Real Stories — Seeing deals that both soared and stumbled equips you to avoid common traps and replicate success.

About Gary Lipsky:
Gary Lipsky is a real estate entrepreneur focused on Multifamily Syndications and has acquired 1700+ units with a total value over $300M. His company has won the Best Real Estate Syndication Company by AAOA in 2022 and recognized as the 25th fastest growing Real Estate company by Inc Magazine.
Gary is the host of the Real Estate Investor Podcast, where he interviews experts to educate investors. He is also the best-selling author of Best In Class and Invest Smart and has spoken at countless conferences. Gary has built several companies, co-produced 3 independent films and started a non-profit organization for underprivileged children. His vast experience serves as a great foundation for his multifamily business.

About Andrew Westling:
I devote myself wholeheartedly to my clients in order to provide them with sound advice and responsible counsel. I am a driven, self-managed professional who has a proven track record in new business development across multiple industry verticals. Throughout my finance career, my clients have consisted of high-net-worth families, estates, and family offices; tech start-ups and other entrepreneurial business ventures; large, privately held firms as well as Fortune 500, publicly traded companies.