LOS ANGELES-Lone Oak Fund LLC‘s vice president of business development, Stephan Kachani, passed away in his sleep last Tuesday. He was 36 years old.
Although details are still pending, Kachani was a well regarded rising star in the west coast region and had become one of the most prominent commercial bridge lending experts in California. He was also recently celebrated as a rising star in GlobeSt.com sister publication Real Estate Forum‘s “SoCal Tomorrow’s Leaders” feature.
Since Kachani joined the locally based private mortgage lender in Los Angeles in 2003, he had become an investor in the fund and has been instrumental in funding more than $1.5-billion in bridge loans.
As Lone Oak Fund celebrated the 10-year anniversary of its first loan in May of 2003, Kachani opened Lone Oak’s second office, located in the financial district of San Francisco, where he frequently traveled to conduct business, as well as speak to Northern California convention audiences on the subject of bridge lending.
Among Kachani’s accomplishments are the hundreds of relationships he has developed throughout California, financing loans for clients of institutional banks, commercial banks, mortgage bankers, mortgage brokers, attorneys, life insurance companies, equity funds, CPAs, financial advisors, estate planners, and money managers while providing a profit center.
A proponent of networking through social media, Kachani developed the Lone Oak Fund LLC Distressed Asset Acquisition & Disposition Group on LinkedIn. The focus of the group is under-valued real estate assets. Members generally include property investors, and those in private equity, debt, hedge funds, securitization, acquisitions, mortgage brokerage, REO’S, restructuring, investment banking, law, and those exploring opportunities in investing. The group has more than 18,000 members.
Kachani was also heavily involved in writing about finance related issues and was a frequent public speaker—attending about 150 events a year where he spoke on about 40 conference panels, including ALM’s RealShare conference series.
Kachani recently told Real Estate Forum he is “bullish on California” and he believes the state will recover faster than others and will remain a good investment.
He graduated from San Diego State University with a BA in finance and marketing.
We will update this story as more information becomes available.