RealAtom: Recent Episodes
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Joseph gives us a detailed breakdown of Berkadia and his journey with the company. He walks us through recent deals and how Berkadia is providing...
The post Joseph Choi: Bet on Berkadia like Buffet appeared first on RealAtom.
At RealAtom, we thrive on knowing who’s doing what by when—and that includes knowing when your own tasks are due. That’s why we created Tasks—your one-stop-shop for viewing all the work assigned to you or the team you manage in one unified place.
The post How Commercial Lenders Enhance Client Relationships (and Vice Versa) appeared first on RealAtom.
Luis Delgado: (00:04) Welcome everyone to the RealAtom podcast series, where you will learn about brokers on the RealAtom platform and the organizations that they...
The post Cam Deacon: Making Business Choices in the Relationship Game of CRE appeared first on RealAtom.
Luis Delgado: (00:04) Welcome everyone to the RealAtom broker podcast series where you’ll learn about the brokers on the RealAtom platform and the organizations they...
The post From Russia with love: Gabriel’s journey from a hardware store in Russia to Managing Director at SVN appeared first on RealAtom.
At RealAtom, we thrive on knowing who’s doing what by when—and that includes knowing when your own tasks are due. That’s why we created Tasks—your one-stop-shop for viewing all the work assigned to you or the team you manage in one unified place.
The post Tasks that organize your work, your way appeared first on RealAtom.
Luis Delgado: Welcome everyone to the RealAtom broker podcast series, where you will learn about the brokers on the RealAtom platform and the organizations they...
The post A new broker podcast featuring another RealAtom customer – M1 Capital Corp appeared first on RealAtom.
RealAtom is pleased to announce a partnership with Moody’s Analytics and introduce Commercial Location Score, Moody’s Analytics advanced quantitative solution for evaluating commercial real estate...
The post RealAtom – Moody’s Analytics partnership announcement appeared first on RealAtom.
It is truly an awesome platform. If you’re a broker or an investor as a borrower, you got to get on there and see what’s...
The post A new lender podcast featuring another RealAtom customer – FidusFi appeared first on RealAtom.
We think logically and move quickly. We provide great terms and competitive rates to borrowers across a range of industries on loans up to $10,000,000....
The post A new lender podcast featuring another RealAtom customer – Gulf Coast Small Business Lending appeared first on RealAtom.
✅ Technical innovations are a core premise of the RealAtom ethos. We launch new products as the market demands. We also integrate plenty of new...
The post Welcome to RealAtom redesigned! appeared first on RealAtom.
Tyler WHITE: Welcome everybody to the RealAtom lender podcast series, where you will learn about the lenders on the RealAtom platform and the organizations they...
The post A new kind of startup – hard money lender. appeared first on RealAtom.
Many businesses scale through real estate acquisition and renovation, and commercial loans help them achieve their real estate goals.
Here at RealAtom, we pride ourselves on matching our clients with the optimal loan for their business.
Lenders routinely work with a wide pool of business clients to help match them with financing for their projects, and many small businesses have unique opportunities to borrow from SBA-affiliated lenders to fund their real estate purchases.
Although you may think that big businesses drive the demand for commercial loans, today, we are going to discuss how small businesses can get their slice of the pie through different loan structures.
Commercial Real Estate Loans Come for Small Businesses Over 99% of businesses in America are considered small businesses.
These firms can range in size from sole proprietorships to more than a thousand employees. Regardless of their size, at some point, they may need access to financing for a commercial real estate loan.
Commercial loans to small businesses can range from $350,000 to over $5 million, depending on need and creditworthiness.
Small businesses can use the funds to either purchase new properties, renovate a building they currently own, or build a brand new construction.
Small Businesses Can Purchase Real Estate Through Commercial Loans Loan terms for small businesses are similar to their jumbo loan counterparts and stipulate that the business should occupy at least 51% of the real estate and either pay fully amortized loans or interest-only payments with a large balloon payment at the end of the term.
Let’s look at some of the most common forms of commercial real estate loans for small businesses:
Commercial Bridge Loans Bridge loans provide short to medium-term financing for businesses that are trying to secure longer-term loans. These loans help business owners at the initial stage of a real estate project because they generally require lower down payments which range from 10%-20%, whereas most larger mortgages can easily require up to 35% down.
Since these bridge loans are a short-term solution, they can range anywhere from six months to two years at a maximum.
SBA 7(a) Loan This is the primary loan provided by the Small Business Association. Funds for the SBA 7(a) can be used for most commercial real estate purchases and can reach up to $5 million.
SBA affiliate lenders will issue these loans, and the maximum interest rate is capped at the WSJ prime rate plus a few basis points as margin. Terms are flexible and can be variable, fixed, or some combination of both.
These are fully amortized loans, so the monthly payment will be the same until the loan is paid off.
SBA 504 Loan SBA 504 loans add some more flexibility for owner-occupied businesses, but they combine a regular SBA loan with another loan offered by a Certified Development Company (CDC), which can add an additional 40% to your original loan balance.
This brings your total borrowing potential up to $10 million, and if you are considering an SBA 504 Loan, you should aim to borrow at least $350,000.
The Only Complete Digital Lending Solution Whether you are a small business in need of bridge financing or a large lender trying to close a $100mm deal, RealAtom is the only completely integrated commercial real estate solution used by thousands of Commercial and Small Business Lenders, borrowers, brokers to secure loans fast.
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The post Small Business, Big Lending Potential appeared first on RealAtom.
Tyler White:
Welcome everyone to the RealAtom lender podcast series, where you will learn more about the lenders on the platform and the organizations they represent. My name is Tyler White, RealAtom’s head of sales. RealAtom is the industry’s number one lending as a service technology platform, empowering commercial real estate lenders like banks, credit unions, and non-banking organizations to generate more CRE loans. Today I have the pleasure of introducing Clark Stephens with Harvest. Clark, thank you for taking the time to present to us today. Let me pass it over to you to kick things off.
Clark Stephens:
Thank you, Tyler. Thank you for having me on, looking forward to talking about Harvest, myself, and the programs we offer. I’d like to start with a little history on Harvest. We are a national, private direct lender. We land on commercial real estate. We do SBA programs and things like that. We’ve been in existence for about five years, a little over five years, and we have a brain trust in commercial real estate lending like you wouldn’t believe. Our owners and the back office staff have literally hundreds of years of experience in commercial real estate. So a little bit about myself. I’ve been in commercial real estate lending for about 20 years. Worked for several banks, worked for a certified development company, which is an entity that does the SBA 504 second loan program. But I’m pretty well versed in all the programs that we offer.
Let’s talk about the three programs on the next slide. Three main programs. We do SBA seven (a) loan program, the SBA 504 program, and our own conventional. Some people call it portfolio lending. Next slide. So seven (a) is a catchall SBA program. I like to say that you can do a lot of stuff in it. You can buy real estate, you can finance the purchase of a business. You can finance the equipment. Harvest, however, only finances commercial real estate programs. We can go 250,000 on the small side, up to the maximum limit. SBA puts on the program of 5 million you can get up to 90% loan to value on purchases, refinance, you know, partner buyouts. We do all kinds of things like that. The owner of the property must occupy 51% to be eligible for SBA. There are minimums on the debt service coverage to not be considered a projection-based loan.
We can get into that kind of detail. If you have a deal and you want to discuss it with me, I’m always open. And as I said, we do all major markets nationwide.
Let’s talk about the 504 program. That’s a fixed asset lending program. So it’s for larger things. Again, there’s a lot of things you can do with the program, large equipment, things like that real estate. We only do commercial real estate. Our minimum loan size on the 504 first is 500,000. We can do upwards of 10 million, maybe higher if it’s a stronger borrower and in the 504 second that comes in behind us. And the second position can be up to 5 million. Same thing on the debt service coverage. We’re looking for 1.15 or better. Owner occupant must occupy at least 51% of the property nationwide in all major markets. Our next program is portfolio lending. Harvest lends our own money out, and we can go 500,000 to 10 million on those in the first position. Typically we don’t allow second position loans on that 10-year term, 30-year amortization, same debt, service coverage as our other programs, it kind of mimics the SBA programs in all major markets.
And here’s my contact information. I’m happy to run through any scenario you have. You’ll get a very fast, no, or a very fast Yes if I like the deal. Let’s gather all the information.
Tyler White:
Perfect. I appreciate it. And a special thanks to Clark and Harvest for taking the time to present to us today. If you’re interested in speaking with Clark, please do not hesitate to contact him directly. If you’re interested in speaking with me in between episodes, feel free to send me an email at Tyler@realatom.com. And if you’re interested in learning more about the RealAtom platform or the lender podcast series, please visit our website. It realatom.com. Thanks, everybody for attending. And we’ll see you in the next episode.
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The post What is portfolio lending? appeared first on RealAtom.
Team dynamics for commercial real estate lending is vital to ensuring smooth and efficient deals and timely loan closings.
However, many inefficiencies are built into the traditional lending process that can impede your workflow and cause your pipeline to get backed up.
💯 Thankfully, RealAtom created a digital platform that helps streamline deal flows and ultimately helps your team optimize their time and focus on managing relationships and executing good deals.
✅ Current Inefficiencies Lending teams often play catch up throughout the loan cycle because of a constant back and forth between lenders and their clients, brokers, and borrowers.
One loan application may take over a week to sort through before an amicable quote is generated, and any additional changes will require another round of back and forth communication.
Constant paperwork shuffling becomes taxing for the lending teams because they simultaneously need to balance current deals with new prospects and additional loan applications.
Additionally, many teams do not have a consolidated system for managing their deals which can cause delays if data needs to be transferred from one system to another.
✅ The RealAtom Solution Fortunately, RealAtom developed a centralized platform that enables lenders, brokers, and borrowers to manage their deal flows, shorten the loan cycle, and empower teams to work quickly and efficiently.
▶️ Digitize RealAtom revolutionizes workflows for lending teams because they gain access to an organized, digital platform to keep all of their data.
Whether you originate a new loan, negotiate terms, or go through underwriting and due diligence, you and your team can manage each step of the process from your dashboard.
Gone are the days where you need to open numerous spreadsheets and databases to monitor your active deals.
You can focus on closing loans quickly by reviewing all available applications. You can even create custom checklists for every stage of the loan process and share them directly with clients and relevant team members to ensure you receive all necessary documents before moving to the next phase in the deal.
▶️ Quantify Progress In addition to managing your loan applications on a central platform, you can monitor progress in real-time. You will receive alerts when a requested document is uploaded, or a new term sheet comes across your dashboard.
What if one of your clients sends you a counteroffer on a current loan application?
You can immediately see the updated offer and either accept or counter without leaving the platform and at the same time creating a track record of your negotiations.
▶️ Foster Relationships Balancing workloads and managing relationships between you and your clients can be difficult. Thanks to RealAtom, you can invest more time into your most valuable assets, your team, and client relationships.
Once all of your data is in a central location, you can start seeing a tangible increase in your ROI and deal close rate.
In some instances, our clients see a 33% increase in closed deals and save 7 days of the loan cycle.
✅ Gain A New Marketing Team Overnight Finally, RealAtom enables your team to access an entire marketplace for your loans, depending on your needs.
Whether you want a private market for your loans, or you want to source leads from other brokers and borrowers on our platform, RealAtom offers a dynamic and customizable solution for your lending needs, and it is the only one of its kind.
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