The Loan Committee™

According to the MBA’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, a decrease in loan originations for retail and multifamily properties led to a 2 percent decrease in overall commercial/multifamily originations in the second quarter compared with the same period a year ago.  read entire article… Author: Scott Reid.  Source:  REBusiness Online.

The parent company of Florida Community Bank completed its IPO with net proceeds of $104 million to fuel its growth.
Weston-based FCB Financial Holdings (NYSE: FCB) said that its underwriters exercised their option to purchase an additional 720,000 shares for $22 each, which raised net proceeds of $14.7 million. The initial public offering, which launched in early August, resulted in $89.3 million in net proceeds for the company.  read entire article… Author: Brian Bandell.  Source.  South Florida Business Journal.

Loans are made by participating lenders under an agreement with the SBA to originate, service, and liquidate loans in accordance with the SBA’s rules, regulations, policies, and procedures. Keeping your SBA loans in compliance is imperative to ensuring the collectability of your guaranty. This begins with managing the 7(a) loan approval process in an effort to mitigate risk of potential loss. read entire article… Source: BancServe.

Back in the early 90’s, I was teaching bankers how to do SBA lending. I also helped in doing credit analysis and loan packaging. Everyone called me a loan packager. As my business has evolved into setting up SBA departments and finding people to fill SBA jobs, so has the cottage industry that seeks to support small SBA lending programs.  Today we call this industry that of the SBA Loan Service Providers or LSP. They come in all skill sets. Some just do SBA loan packaging. Others focus on SBA credit analysis, etc. There are a few that are what we might call “full service”, proclaiming that they have the expertise to be your entire SBA back office. While it would serve the SBA lending community for the SBA to classify LSPs as “certified” according to their skills and abilities, it will be incumbent upon you to check them out. Significant due diligence is required. read entire article…  Author: Tim Terry.  Source:  SBA Advisors.

Nineteen Miami-Dade and Broward banks received five stars — the highest possible — in the most recent ratings by Coral Gables-based BauerFinancial, based on March 31 results. Most of the banks also scored five stars at the end of the last year, although Apollo Bank and Coconut Grove Bank, both of Miami, rose to five stars from four stars previously, and Floridian Community Bank of Davie dropped to four stars at the end of the first quarter of this year, from five stars at year-end 2013.

Awarded the five-star “superior” rating were Miami-based Apollo Bank, Miami Lakes-based BankUnited; Biscayne Bank, based in Coconut Grove; Broward Bank of Commerce, Fort Lauderdale; Capital Bank, Coral Gables; City National Bank of Florida, Miami; Miami-based Coconut Grove Bank; Continental National Bank of Miami; Desjardins Bank, Hallandale Beach; Espirito Santo Bank, Miami; Executive National Bank, Miami; Florida Community Bank, Weston; Intercontinental Bank, West Miami; Marquis Bank, Coral Gables; Mercantil Commerce Bank, Coral Gables; Professional Bank, Coral Gables; Sabadell United Bank, Miami; Stonegate Bank, Fort Lauderdale; and TotalBank, Miami.

Bauer rated three Miami-Dade and Broward banks as “troubled and problematic,” giving them zero stars, down from four banks at the end of last year. The banks rated zero stars were: OptimumBank, Plantation; Doral-based US Century Bank; and Valley Bank, Fort Lauderdale. Great Florida Bank, which had received zero stars previously, was acquired by Florida Community Bank.

Ratings are based on such factors as profitability, capital, level of delinquent loans, charge-offs, repossessed assets and liquidity.  Posted: June 11, 2014.  Author: Ina Paiva Cordle. Source: Miami Herald Business

Technically, all IRAs are self directed, in that you can direct which investments your IRA account is placed into. Traditionally, IRAs are invested in securities, CDs, money market, etc. A self-directed IRA is one in which you can direct your IRA funds into all assets permitted by law.  Read entire article… Author: William Bronchick, J.D. Source: CRE Online.

Florida-based banks grew their loans more than four times as fast as the national average in the first quarter as their profits improved.  The 192 banks headquartered in the state increased their loans a combined $2.2 billion, or 2.2 percent, in the first quarter to reach $101.3 billion, according to the Federal Deposit Insurance Corp.  Read entire article… Author:  Brian Bandell.  Source. South Florida Business Journal.

Industry performance is better than previously thought, but success is getting harder to repeat. Investors and firms will need to adapt to changing conditions. Read entire article…. Authors:  Sacha Ghai, Conor Kehoe and Gary Pinkus.  Source: McKinsey & Company.