The spirit behind Third Generation Capital, LLC. started in 1943 when Ken Burrell met Lorna Moore on a blind date that started at the fabled corner of Hollywood and Vine in Los Angeles. They married, had three sons and helped the South Bay of Los Angeles grow for the next 60 years. The Burrell family has been involved in real estate for generations. Ken and Lorna's son, Tim Burrell, grew up surrounded by construction, sales and financing real estate. He had a journeyman carpenter's card at the ripe old age of 9, worked his way through UCLA Law School as a carpenter and became a trial lawyer for real estate litigation. Tim has been one of the top Realtors in America for over 30 years. Tim's daughter, Laurie Burrell Hughes, joined him as a Realtor during college and became his partner on the South Bay Home Team, one of the top teams of Realtors in Los Angeles. Laurie has more degrees than a thermometer, a Bachelor of Arts from Pomona College, an MBA, two other masters degrees (one from Harvard) and a PhD. The three generations of real estate have evolved into buying and selling notes, creating seller financing and providing loans for those left behind by institutional lenders.
Third Generation Capital buys notes, primarily ones that are non-performing, then helps the borrowers get back to a performing status. So, we help families keep their loan, typically by modifying the loan. We prefer loans on properties in Hardest Hit Fund states. Then, we sell the entire note, or the income stream from the note, for a number of years.
Want to sell a note?
click here.
Want to buy a note? click here.
Want to buy an income stream for a number of years? click here
Many buyers need financing by a seller, as the institutional lenders are only providing loans to people who can show that they do not need a loan. When you see that the average credit score for a borrower is 760 out of a possible 850, you know that only the elite get institutional loans. So, Third Generation Capital creates seller financing to help good people buy a home for their family.
Would you like to buy one of our seller financing notes? click here.
Want to sell us a seller financing note? click here.