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From monthly archives: October 2018

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In Commercial Lending, Not all Transactions Fit All Lenders

By Tom Lynn, SVP, Senior Group Manager, First Bank Commercial Real Estate Originally published in the San Francisco Business Times Since there are so many variables in commercial real estate (CRE) lending, not all transactions fit all lenders. This raises many questions for investors and developers who are seeking financing. As a trusted advisor, some common questions asked by many borrowers are: When seeking a commercial real estate loan, what’s your typical deal size? Deal sizes are dependent on the size and risk tolerance(s) of the lender. For example, at First Bank, the size of loans generally don’t exceed $15MM, although exceptions can be made. • What types of properties do you finance? Most real estate investors and developers want to purchase properties like office buildings, industrial properties, retail space, residential developments, and storage buildings. Often, lenders will also provide financing for specialty niches like churches and senior care facilities. Alt ...

Family Businesses Can Learn a lot from Each Other

Family-owned businesses in the United States are as common as hometown parades and pumpkin pie on Thanksgiving. Family-owned businesses, like the one where I work, represent 80-90% of all businesses, and generate between 40-60% of Gross Domestic Product (GDP). We exist in all shapes and sizes, from small corner stores to huge companies, with over $100 billion in revenue. We also face common opportunities and challenges that are different from publicly-traded companies, such as managing intra-family conflict, shareholder control, distributions, and engaging the next generation. Yet, despite our ubiquity and common opportunities and challenges, far too many of us treat the issues we face as family-owned businesses as if we’re the only ones to confront those issues. Our isolation in addressing these challenges is reinforced by the lack of well-known resources regarding these topics. Many of you might be able to name several good books about how to be a great leader, but how many can name a good book ...