In this episode of Commercial Connections: Investing with Confidence, host René Nelson, an award winning CCIM in Eugene, Oregon and producer Brittny welcome special guest Michelle McCoy, a seasoned financial expert and lender with extensive experience across various financial institutions. The episode delves into Michelle's background, the intricacies of obtaining commercial loans, differences between commercial and residential loans, loan covenants and guarantees, and current market trends. Michelle also offers valuable advice for prospective borrowers and emphasizes the importance of having a local lender and building relationships. The discussion covers refinancing in today's market, handling interest rates, and the potential challenges in the commercial lending landscape.
EPISODE THEMES 📝
00:00 Welcome and Guest Introduction
02:26 Understanding Commercial Loans
04:03 Loan Structures and Requirements
07:17 Banking and Lending Environment
10:15 SBA Loans and Owner-Occupied Properties
11:52 Loan Underwriting Process
13:17 Challenges in Securing Loans
14:40 Loan Covenants and Financial Reporting
17:08 Market Conditions and Rent Analysis
19:42 Innovative Business Ideas
22:06 Interest Rate Sensitivity Analysis
23:06 Impact of Rent Increases on Loan Performance
24:08 Foreclosure Predictions and Market Outlook
25:54 Understanding Personal Guarantees in Commercial Loans
27:54 Refinancing Strategies and Market Trends
34:13 Importance of Local Lenders and Relationships
38:23 Conclusion and Future Outlook
STAY AHEAD IN CRE 💌
📬 Stay Sharp in Commercial Real Estate
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GIVEAWAYS 💰
➡️ Due Diligence Giveaway:https://docs.google.com/document/d/1WVvYPiwASy76exh2tludjyeZ9Sfuvpl4QqD20V_HHRw/edit?usp=drive_link
➡️ Free Pro Forma Template: https://drive.google.com/file/d/12x1eUtdEUySKsrbQ0ELpCw3X79TPFh3Z/view?usp=sharing
CONNECT WITH MICHELLE MCCOY🔗
LinkedIn: https://www.linkedin.com/in/michelle-mccoy-a55142a/
CONNECT WITH RENÉ NELSON 🎙️
Website: https://www.eugene-commercial.com/
Youtube: https://www.youtube.com/@renenelsonccim1031/videos
LinkedIn: https://www.linkedin.com/in/renenelsonpacwestcommercialrealestate/
Facebook: https://www.facebook.com/profile.php?id=61574316732608
Book a 15 min Complimentary Discovery Call with René: https://callwithrene.as.me/InitialCall
