Matthew Lorimer

Uncommon leadership, insight, business acumen or ability? For a young professional, Matt Lorimer has shown some serious skill. His ability to manage complex tasks is exemplary. He already understands and has a mastery of a large number skills one needs to succeed in this industry. Lorimer has independently taken initiative and a leadership role in securing debt and equity on several real estate development projects, without which would not have been able to move forward. These include a $105 million construction loan, a development loan for a build-to-rent project in La Quinta as well as a joint venture with an equity partner for the acquisition and entitlement of a 14-acre site in Fullerton, CA. Lorimer has an innate ability to not only manage the analytical side of underwriting deals, but in articulating and negotiating the terms of a deal, qualities that truly make him stand out among his peers.
Shopoff executives have been impressed with how Lorimer has stepped up and taken a leadership role on several projects including recently leading the financing process on a $27.5 million acquisition, while concurrently supporting the team on a $105 million construction loan closing. He has been able to effectively and efficiently manage communications between lenders and equity partners. Lorimer speaks with confidence and expresses his thoughts clearly to large groups of seasoned real estate professionals who often have decades of experience beyond him. He participates in conference calls and meetings, always providing meaningful input, not just a silent observer. In fact, during a kickoff meeting with 20 of the partners and design team for a Dream-branded hotel project in Las Vegas, Lorimer provided critical insight to not only the design and programming of the hotel but his suggestions ultimately improved the bottom line in terms of both decreasing costs and increasing revenues.
Perhaps better than seeing an opportunity that others missed, Lorimer recently led the discussions with a prospective JV partner on why their land basis would not support a joint venture under the terms they were proposing. Lorimer’s efforts, along with the team, provided the support the JV partner needed to agree to revise the structure on the joint venture and complete the deal. Lorimer is a true team player and valuable asset in the Shopoff real estate team.