Steel Returns

ABOUT US

Executive Team

Kevin Simrin - Founder & Chief Investment Officer
Kevin Simrin, CFM
Founder & Chief Investment Officer
Kevin is a serial entrepreneur. He has spent the last 30 years creating wealth in all aspects of the real estate and lending industries, including ownership of multiple RE/MAX franchises, title and escrow, and auto and real estate lending. After acquiring PacWest Funding in the late 1990’s, he transformed it into one of the premiere real estate private capital firms in the pacific northwest. Nearly a decade ago, he established the Precision Accredited Fund to provide a pooled investment vehicle. Now with four major funds, Kevin and his team have over $150 million under management.
Kirk Simrin - Founder & Chief Operating Officer
KIRK SIMRIN, CFM
Founder & Chief Operating Officer
Kirk has more than three decades of leadership in the transportation industry. After selling his profitable business, Kirk joined Kevin to take the thriving real estate private capital investment model to the automotive lending sector. Kirk is also a long-term investor. As Co-founder of Steel Lending Group LLC, Steel Returns’ General Partner, Kirk oversees both the Reg D and state-specific investment funds in the transportation  financing space.
Doug Drager - President steel returns
Doug Drager,
PRESIDENT
With nearly thirty years in the automotive lending industry, Doug leads the team of professionals who underwrite, service and protect the loan assets to ensure maximum return for investors’ capital. Prior to joining Steel Lending Group, Doug served in similar roles with Wells Fargo, Oregon Auto Finance and Reliable Credit Association. Doug received his MBA from the University of South Dakota.
Barb Thomas - Chief Strategist
Barb Thomas, CPLA
Chief Strategist
Barb brings a broad range of corporate experience from her more than forty five-year career. Drawing on her product portfolio management roles with Houghton Mifflin and Dun & Bradstreet, and data analysis support for big pharma and biotech companies, she works closely with the Co-founders to ensure the company maintains the technology and processes to remain competitive.
April Burleigh - Chief Financial Officer
April Burleigh,
Chief Financial Officer
Overseeing all accounting and financial reporting, April ensures the companies’ compliance with local, state and federal requirements for investment and lending. She has developed comprehensive systems for her team that support senior management in review and critical decision-making. April graduated from the University of Oregon.

Investment Team

Pam Hoepfl,
Director of Capital
Pam Hoepfl has been the face of Precision Capital since 2003, and serves as Director of Capital. For over two decades, she has provided investors with private money real estate loans and fund participation with a portfolio exceeding $160 million. Pam was the recipient of the “Women of Excellence” Business Woman of the Year Award for the State of Oregon from Governor Victor Atiyeh, proclaiming that women in business was a reason for celebration. (1986) Pam is registered to sell real estate securities, is a Certified Fund manager, an Accredited Investor and an Oregon Association of Realtors Certified Instructor. She is a member of the National Association of Mortgage Bankers, Commercial Investment Division of Lane County, Association of Realtors, Eugene Chamber of Commerce, a Charter Member of Toastmaster Clubs and is recognized as an Advanced Toastmaster and Award-Winning Speaker. She supports many non-profits, including our own Integrity Foundation. Pam enjoys spending time with her family, as well as traveling, cooking, reading, classic cars, and snowmobiling. Her business is 100% word-of-mouth, with over 700 Investors. She loves what she does and therefore says she never works a day in her life.
D’arcy Martin,
Investor Concierge
D’arcy Martin is a native Oregonian and has been a Realtor for over 3 decades. She has been honored with the RE/MAX Hall of Fame and Lifetime Achievement Awards during her extensive real estate career. D’arcy was also awarded Eugene Register-Guard newspaper’s 2021 Reader’s Choice 1st place winner and 2020 3rd place winner. D’arcy is also an experienced real estate investor and house flipper that has used Precision Capital herself for private money loans on many of her purchases. D’arcy is known for her knowledge of the area, staging abilities, as well as a large network of vendors and quality contractors to assist others with their needs. Being an investor, borrower, flipper and Realtor makes her a valuable asset to the Investment Team at Precision Capital. D’arcy is registered to sell real estate securities and is a Certified Fund Manager II through the American Association of Private Lenders (AAPL). She has been working with Precision Capital since 2022 in the capacity of Investor Concierge to help our investors with their investment needs. She is a past-active member of the Eugene Active 20-30 Foundation Club, has served on the Eugene Active 20-30 Foundation Board of Directors and is a member of the Oregon Club, in addition to Delta Rotary. D’arcy is a member at Shadow Hills Country Club and enjoys golfing when the weather permits! D’arcy has been a member of the Eugene Association of Realtors for over 30 years and is an affiliate member of the Springfield Board of Realtors. In her free time, she enjoys time with her son Ty and her extended family, hosting game nights with friends, Texas Hold-Em Poker, and Bunco. Travel is a priority, and she loves to go to Palm Springs, CA and Mexico as often as possible!

Firm Overview

Steel Lending Group LLC (“Steel Lending”) was founded by Kevin Simrin and Kirk Simrin, who together have over 60 years of experience in lending and the automotive industry. They currently have assets under management of more than $150 million in real estate and automobile loans. Kevin and Kirk recognized as the real estate market started experiencing more modest appreciation, that it was time to study, analyze and explore other asset classes for their lending platform. It became clear that the niche market of subprime automobile financing could provide investors returns higher than a typical real estate loan.

Steel Returns LP (the “Fund”) is a debt fund that acquires automobile loans from originating dealers. Steel Lending Group serves as the Fund’s General Partner. The acquired loans are underwritten according to the firm’s proprietary guidelines to maximize returns for the Fund’s investors. All loan funding, servicing, compliance, collections, and loss recovery are performed in-house to ensure consistency and reduce risk.

While the Fund focuses on a single asset class, it is diversified both geographically and demographically, resulting in better returns than  traditional investment vehicles. The pool of loans – approaching 5,000 – balances the unique upside potential of this niche market while broadly spreading a potentially higher risk.

The Fund utilizes metrics to monitor performance at both the micro and macro levels to help preserve capital and achieve targeted returns.

Steel Returns Investment

Mission

The goal of Steel Returns is to expand our lending resources throughout the West, resulting in further diversification while remaining laser-focused on our target asset class. Not the biggest, or all things to all people, we do intend to grow the Fund using our demonstrated strategies and processes.

Our mission is to continue building our teams, systems, and technology to ensure that we can quickly pivot in the market as needed to expand our reach within our highly-focused business niche.

Both founders are deeply committed to the community through sponsorship of the Integrity Foundation, a 501(c)(3) charity supporting local needs