Click Here for the DLI Class #5, Architecture Class Overview
DLI Class #4, Commercial Finance, was held on January 8th at the Cushman & Wakefield office and began with a sponsored message from Bank of Nevada. The point was driven home that these are relationships that will last throughout our careers, and these are the people that will rally around us and make sure that we have solutions for our clients. This is something we have already started to see throughout our first few months in DLI. The first speakers were Paola Gonzalez and Carla Jewell with Nevada State Development Corporation. They went into detail about the SBA 504 Program, the qualifications, types of clients that would benefit, and types of properties that qualify.
Dennis Balletto from Bank of Nevada then spoke about construction financing and how that financial instrument can be used during the building process. He also covered the underwriting criteria lenders review when evaluating a project and borrower. Lastly, Kyle Nagy with CommCap Advisors walked us through permanent finance along with the different loan programs available from Life Insurance Companies, CMBS Lenders and Banks. The class was well received and everyone now has a better understanding of how to finance their projects!