DLI Class # 4 – Finance

Kicking off the new year, the DLI class met on January 13, 2020 at Logic Commercial Real Estate, to discuss and learn about all matters related to commercial finance.

While finance can become quite a bit cumbersome for many, the speakers engaged the DLI class and brought excitement into finance. Tailored around solving problems for our clients early on, the importance of finance was expressed through more than numbers, and stressed the invaluable benefits of building upon relationships made while in the DLI program. The wholistic messaging to engage finance team members early on provided the class with takeaways that will benefit them and their clients, within any role in commercial real estate, for many years to come.

Among these talented speakers were Paola Gonzales; Executive Vice President and Evan Dickson; President of Nevada State Development Corporation, Kyle Nagy; Founder and Director and Matthew Hoyt; Senior Vice President of CommCap Advisors, and Dennis Balletto; Senior Vice President of Bank of Nevada.

Further discussion included the basics of construction lending, the SBA 504 program and who benefits/qualifies, underwriting criteria reviewed during the evaluation of a project and its borrower(s), permanent debt, permanent finance, alternate loan programs available and identifying key terms utilized in the industry that are important for all individuals within the commercial real estate industry.

To bring about even more excitement to the first class of the new year, Jennifer Levine; Senior Vice President of RealComm Advisors, supplied the class with their DLI 2020 Class Project. During this discussion, Jennifer went over the class project, the project scope, the deliverables and all critical dates for our submittals.

Further networking took place at the post class mixer located at SG Bar, where many Board Members and DLI Alumni showed up to greet the class.

A huge thank you to Dennis Balletto and Bank of Nevada for continuing to support the DLI program, and sponsoring this class.


DLI Class # 5 – Investment Analysis

The DLI class met on February 10, 2020 at Logic Commercial Real Estate to discuss and learn about all matters related to the investment analysis portion of a project, from a very unique perspective. This particular class was just introduced this year, and the DLI class was excited to be the first participants to learn about this very important topic, which will strengthen their foundation as they move through the details of their own projects in the future.

The first speaker for this DLI class was Brendan Keating, CEO of Logic Commercial Real Estate. Brendan led the class by discussing project deals, their capital structure, and the high importance of discussing not only the realistic risks, but also all possible risks that could potentially impact the project. The class learned that by collecting all of your data up front, and discussing all potential risks, you are setting yourself up with the proper tools to allow for a successful investment and/or project. Brendan further discussed funds structures, hard money lending, and the overall view of what successful investing looks like.

Following Brendan was speaker Michael Argier, Development Manager of Panattoni Development. Michael shared a lot of information from a development perspective and assisted the class with opening their eyes to a broader view of intelligent investing. The class learned many regularly used terms in the development industry, their importance, and how to apply them in real situations. The class also learned about different valuation methods, budgeting and proformas, profit sharing, understanding exit options, risk factors, forecasting, and much more. With a detailed budgeting presentation, Michael assisted the class in understanding all details that are pertinent in implementing into your proforma, from both a hard and soft cost perspective.

Further networking took place at the post class mixer located at SG Bar, where many Board Members and DLI Alumni showed up to greet the class.

A huge thank you to Reed Gottesman, Senior Vice President and Regional Manager of Harsch Investment Properties for continuing to support the DLI program, and sponsoring this class. Reed gifted the class with Productivity Planners, a tool that will surely help the DLI class succeed.

 

2020 DLI Class Vice President

Christina Stanfill, Director of Project Development

WORTHGROUP Architects & Designers

Cell 702.575.8024 | www.worthgroup.com | cstanfill@worthgroup.com