Upcoming SBA 504 Classes - click date to regsiter now.
All Classes are online & Free!
Gina Koenen will conduct class along with CDC colleague & SBA expert Jeff Bolton to discuss details of SBA 504 lending, structure and also will cover the differences between SBA 7a & SBA 504.
Further Details on SBA 504 we plan to cover in this class:
Property types and industry types that qualify
Minimum and maximum loan amounts
States these loans can fund in
Details about Fees & loan structure
Business Owner & how to qualify
Financials needed
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Once registered you will receive an email confirming your registration
with information you need to join the Webinar. |
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Commercial
Real Estate Basics Classes - Online Classes, free
of charge -
Email for details &
to Schedule a class
Available Classes:
Level
1 - Commercial Real Estate Lending Basics (approx 2hrs)
Level 2 - Live Case Scenarios & Further Current
Market Hurdles (approx 90minutes)
Both
levels are a valuable asset for new residential agents crossing
over to commercial or as a refresher course and current market update.
LEVEL
1 - Class Details:
•
Differences between residential lending and commercial lending
• Differences between residential appraisals and commercial
appraisals, including cost, type and time frame & why
• How banks pre qualify different properties, debt coverage
ratio, loan to value and what determining factors are
• How to calculate debt coverage ratio – simple worksheet
provided
• Taking the complication out of commercial lending and empowering
the brokers from the start
• The timeline from start to finish on a commercial loan,
and understanding the pieces
• Creating the team
• Open forum / questions
LEVEL
2 - Class Details:
This class has been designed to follow the Level 1 Commercial Real
Estate Basics Class
Level 2 will cover real case scenarios of Commercial and Multi-Family
listings.
We will pull live listings from the web and run through the worksheets
to determine maximum loan amount properties qualify for, how rate
would apply for each property type, cap rate income value and debt
cover.
We will review cap rate value and DCR at a minimal level, (For extensive
review please register for Level 1 class first)
We will
also discuss
• Different borrower types – strength & weaknesses
in financials
• Current Net worth issues
• How banks prequalify different properties, debt coverage
ratio, loan to value and what determining factors are
• General Current Cash reserves requirements
• Property Condition Requirements
• Current Market Hurdles
• Open forum / questions
Both
Classes are delivered in a very simplistic down to earth manner
, empowering the agents to understand the basics and begin using
the tools immediately after the session.
These
Classes are valuable for any new real estate agent or even a seasoned
agent that would like to have some clarity on the banking terms,
and basic banking guidelines. It will aid in teaching what the banks
are looking for, why many loans are very difficult to get funded,
what creative avenues are out there for your clients, assist them
in finding the right fit property and the right fit loan and much
more.
Both
Classes are approx 2 hours and are free of charge. We feel the more
educated we all are as a team, the more lucrative we can be together!
Class
Materials -
These files are password protected & password will be provided
during online classes.
For Information on Web Class dates or to schedule one for your group,
EMAIL
CRE Powerpoint
CRE Handouts/Misc
SBA 7(a) Vs. 504 Basics Class
If
you are inquiring about Commercial Real Estate Classes I offer,
online & public classes have been suspended until the economy
levels out again. But i am still offering online classes for private
groups of 4+. please contact me to schedule a class. Click
here for more info.
Gina Koenen
VP, Commercial Lender
Click to Email
