A Letter From Terry Luker: What Do You Do When the Industry Icon Goes Away?

What Do You Do When the Industry Icon Goes Away?

How does the void get filled?

Do you leave the vacuum running and wait to see what or who fills it?

 

Three of us - myself, Terry Luker, along with Jeff Luker and Jon Cosentino - chose to try and fill the void while also changing our industry’s direction. Our industry is the commercial loan brokering industry, a trillion-dollar transactional industry.

 

Over the past eleven years, I founded two businesses - Alternative Capital Solutions, a commercial loan brokering company and later a direct lender, Commercial Capital BIDCO. As I look back at my time in the industry, I realize there are two companies that were instrumental in the growth of my businesses - Commercial Capital Training Group (CCTG) and The National Alliance of Commercial Loan Brokers (NACLB). CCTG was the company that provided commercial loan broker training. I attended that training in December of 2013. The NACLB was the association and conference that we attended for many years. I was given the Commercial Loan Broker Rookie of the Year award in 2014 and in 2016 I received the Commercial Loan Broker of the Year award. These awards were presented by the NACLB at their annual conference.

 

Both CCTG and NACLB were owned by Kris Roglieri. Kris is now involved in multiple lawsuits resulting from business activities he had through another company he owns, Prime Venture Capital Lending. I am personally familiar with the lending tactics he used with this new company as he had promised me that he could get my lending company, Commercial Capital BIDCO, a $100,000,000 line of credit. Our firm sent in the $35,000 due diligence fee and began the process of acquiring that line of credit. Thankfully we have an awesome attorney who quickly saw through the scheme, and we did not move forward with a loan. We were going to be required to place $20,000,000 on deposit in an interest reserve account. Our attorney could not get comfortable with the agreements and advised me that Kris would have complete control over those funds to do whatever he wanted with. Our attorney told me that it appeared to be a Ponzi Scheme and in turn saved my company and my family from certain financial disaster as we could not afford to lose $20,000,000.

 

With CCTG and the NACLB closing, there was a massive void in our industry. I had previously tried (and as we have now discovered, many of his staff had tried) to convince Kris to take the conference to a more education-based focus as an association. As a direct lender, we work with commercial loan brokers every day and we see first-hand the struggles that many of them have. Many do not have the knowledge needed to take a deal from the beginning relationship with the borrower to the funding with a lender. They simply do not have the necessary training and experience to get it done.

 

Our team has decided to bring a superior level of training and education to both our new association and conference, the Commercial Loan Broker Association, as well as our new training company, The Commercial Loan Broker Academy. Our association and academy will be different. We have planned for our first conference to take place in Orlando this October 1-3, 2024.  We want the conference to bring lenders, vendors and brokers together to not only meet and network, but to execute plans that will give the brokers’ clients access to the funds they need to grow and expand their businesses. We want lenders to be able to know, with confidence, that the brokers they are working with have the knowledge base needed to get the deal to them with the correct structure and documentation needed for them to make an informed decision on funding those transactions. That is a win for everyone when we accomplish this. The CLBA conference will be more educational focused to help fulfill this need in our industry.

 

With our new training academy, we want to increase the chances of success for every new commercial loan broker. When I started in this business 11 years ago, there were three things I had to do every day: 1) I had to find clients that needed my services, 2) find lenders that would lend to my clients, and 3) package my clients’ loan requests in the format that lenders wanted. I was burning the candle at both ends!

 

We want to change that. One of the best things that we ever did at our company is that we built our own credit team. At Alternative Capital Solutions, we underwrite every deal that we represent. ACS does all the underwriting for our lending company. We also underwrite participation deals that we do between banks. We have multiple bank partners that utilize us to find participating bank partners for deals they want to fund that might be too big for their bank or might just want to spread some of the risk to participant partners. Our credit underwriting sets us apart from every other commercial loan brokering company.

 

We are going to leverage that credit underwriting and provide access to our team for those students who attend our training academy. In addition, we are going to allow our student graduates access to our lender book in order to help fund their deals. As you can see, if we provide the deal packaging and underwriting to our graduates and we provide our lending relationships to our graduates, all they must do is go find their clients. We believe this will be a great recipe for success for our graduate students.

 

I am excited about where we are as an industry, but I am more excited about where we can take our industry. This is not a one-person success or fail opportunity. This is an opportunity for all of us who love what we do, to come together and grow our industry in education, morals, ethics and accountability. Come be part of a new direction. I hope to see you all in Orlando this October!

 

By: Terry Luker, Founder and Owner:

Alternative Capital Solutions, Commercial Capital BIDCO, The Commercial Loan Broker Academy, the Commercial Loan Broker Association, and The Commercial Broker Playbook

 


Terry Luker and Jeff Luker Launch the Commercial Loan Broker Association

Exciting times are ahead for the teams at Alternative Capital Solutions and Commercial Capital BIDCO! In order to fill a gap within the Commercial Loan Broker industry, Terry Luker and Jeff Luker – along with business partner Jon Cosentino of Fairwinds Commercial Capital – have launched the Commercial Loan Broker Association (CLBA). Terry, Jeff and Jon created the CLBA as a way for Commercial Loan Brokers to establish meaningful relationships with lenders and other brokers across the United States, increase their deal flow, as well as tap into thoughtful professional development and education opportunities. Using their combined experience of over a century within the CRE and Finance industries, CLBA’s main goal will be to drive broker success and strengthen broker + lender relationships.

Their inaugural CLBA Conference & Expo will be hosted in Orlando, Florida at the Hilton Lake Buena Vista at Disney Springs this October 1 – 3, 2024. The Conference & Expo will take brokers and lenders into deep educational dives covering industry trends, key strategies for growth, and new technologies that will benefit their businesses. Networking and exposition hours will allow for all attendees to connect, build relationships, and talk deals with contacts across the country.

Mark Sanborn will deliver the Keynote Address for CLBA 2024. Sanborn, President of Sanborn & Associates, has spent over 30 years cultivating extraordinary leaders. Sanborn is an international bestselling author and an award-winning leadership keynote speaker who has written eight books, including the New York Times and International Bestseller, The Fred Factor: How Passion in Your Work and Life Can Turn the Ordinary into the Extraordinary, which has sold over 2 million copies worldwide. His latest book is The Intention Imperative: Three Essential Changes That Will Make You a Successful Leader Today. The CLBA is thrilled to have him kick-off their first annual Conference & Expo.

Early Bird Registration for Broker and Lender attendees is now open! Sponsorship opportunities for the Conference & Expo are also available. Information for Registration and Sponsorships can be found on the website at https://clbassociation.com/conference-2024/.


Top 5 U.S. Cities for First-Time Commercial Real Estate Investors

Investing in commercial real estate can be a lucrative venture, offering opportunities for significant returns and portfolio diversification. For first-time investors entering this market, selecting the right location is crucial for success. Some key factors to think about when choosing which market to enter into are population growth, job growth, and high rental demand. Here are the top five U.S. cities that offer promising prospects for first-time commercial real estate investors:

1.) Nashville, Tennessee

Commonly known as, “Music City”, Nashville has emerged as a hotspot for commercial real estate. The city’s strong job market is fueled by tourism, finance, and healthcare, and has forced the need for more office space as well as retail space. Nashville’s business-friendly environment yields a promising opportunity for first-time commercial real estate investors. This is a prime area for not only alternative lending opportunities, but SBA products geared towards those small and/or new businesses could be an excellent route as well. 

 

2.) Atlanta, Georgia

Known as the economic hub of the Southeast, Atlanta boasts a thriving business environment and a rapidly growing population. The city's diverse economy, which includes sectors like technology, finance, and logistics, provides ample opportunities for commercial real estate investments. Additionally, Atlanta's favorable tax environment and relatively low cost of living make it an attractive destination for businesses, driving demand for commercial properties.

 

3.) Austin, Texas

In recent years Austin has experienced rapid population growth, and is home to a burgeoning tech scene and a dynamic entrepreneurial culture. The city's strong job market, fueled by companies like Dell, IBM, and numerous startups, has led to increased demand for office, retail, and mixed-use developments. With a vibrant arts and entertainment scene and a high quality of life, Austin offers attractive investment opportunities for first-time commercial real estate investors. From large commercial loan opportunities to small-business ventures, the commercial lending space here is especially unique.

 

4.) Denver, Colorado

Situated at the foothills of the Rocky Mountains, Denver combines natural beauty with a booming economy, making it an appealing destination for commercial real estate investment. Its strategic location as a transportation and logistics hub, coupled with a diverse economy spanning industries such as aerospace, healthcare, renewable energy, and cannabis, contributes to its allure. Denver's young and educated population, alongside a burgeoning tech sector, further augur well for the future growth of the commercial real estate market. Notably, Denver's cannabis industry stands as a trailblazer in the landscape of legalized marijuana since the state's landmark legalization of recreational cannabis in 2012. Emerging as a leading destination for cannabis enthusiasts and entrepreneurs, the industry continues to thrive, significantly contributing to the city’s economy.

**It is important remember that the cannabis laws vary by state

 

5.) Seattle, Washington

Home to tech giants like Amazon and Microsoft, Seattle has become synonymous with innovation and economic growth. The city's thriving technology sector, combined with a highly skilled workforce and a culture of entrepreneurship, has led to sustained demand for commercial real estate properties. From office buildings in the bustling downtown area to mixed-use developments in vibrant neighborhoods, Seattle offers diverse investment options for first-time commercial real estate investors seeking exposure to a dynamic and rapidly evolving market.

 

These five U.S. cities present attractive opportunities for first-time commercial real estate investors looking to enter the market. From Atlanta's diverse economy to Seattle's tech-driven growth, each city offers its own unique advantages and potential for success. However, as with any investment, thorough research and due diligence are essential to making informed decisions and maximizing returns in the competitive commercial real estate landscape.


Borrower Receives Loan Extension for Fast Food Chain's Commercial Property

The fast food industry has continued its booming growth through the decades and the appeal for high-quality meals on-the-go reigns supreme across multiple generations around the country. 

Looking to fund this ever-growing industry is always a sweet spot of ours here at Commercial Capital BIDCO. We're grateful to our borrower for a clean process! In October of 2023, our client closed on the extension of a loan for a commercial property located in Manhattan, Kansas at a requested loan amount of $1,040,000.00 with an LTV of 65%. The property itself is currently leased by a fast food chain and will continue this line of business in addition to implementing renovations thanks to the loan proceeds made possible with the loan extension. The renovations will enable the commercial building to receive its certificate of occupancy and the fast food chain can continue operations. 

Looking to franchise a restaurant or start a fast food business in your area - we work across the United States to provide funding opportunities when your primary lender is not able to. Let's talk through your goals and plans today! Reach out to us on our website: https://commercialcapitalbidco.com/apply/


The NACLB 2023 Conference and Expo Hit the Jackpot for its 9th Year!

The National Alliance of Commercial Loan Brokers recently held its 9th annual conference and expo - allowing Commercial Lending Brokers, Direct Lenders, and Service Providers in the industry to come together across three days in Las Vegas, Nevada. Commercial Capital BIDCO was again a Silver Sponsor for the event - marking our continued support of the NACLB through the years. The NACLB Conference and Expo gives us the opportunity to showcase our direct lending strategies and expertise as a company by having a booth in the expo hall. Through this we are able to meet Brokers new the industry as well as the chance to build on existing Broker relationships.

When it comes to industry education, The NACLB strives to educate others through topic-specific panels that include seasoned industry leaders who have proven successful in their markets through the years. Peer-to-peer education is instrumental to the success of ongoing broker development. This year, our very own Marketing Director - Leah Waldrop - was able to serve on the Marketing Yourself as a New Broker panel alongside the President of Aspen Capital Solutions, Nicholas Zuchegno. In this small group breakout, Leah was able to drive home the directives for brokers across both Digital and Traditional routes of marketing. Grassroots marketing through networking and face-to-face meetings was also a vital point throughout the session as the industry continues to change and evolve with the economy. Those in attendance were very engaged and it was beneficial to see marketing strategies and ideas come to life from the perspectives of both a Marketing Director and a business owner.

When it comes to professional development and education, Terry Luker is a true advocate of mentorship and continued learning. Terry started out in the industry as a Broker when he built Alternative Capital Solutions in 2013 - he has been in those shoes and continues to work on that facet of the Commercial Lending world through ACS. He understands what a Broker needs to develop and fine tune their strategy...what tactics need to be implemented to secure growth. It is always so enlightening to see his passion for Broker development first-hand when at NACLB. Having been a NACLB Rookie of the Year award recipient as well as a Broker of the Year award recipient, it's understandable why so many other Brokers look to Terry for guidance in their own businesses and markets. The NACLB Conference and Expo is an excellent time for Terry to meet with these individuals face-to-face and find out more about their pain points and passions. The NACLB Conference and Expo is a huge opportunity for Terry and the Commercial Capital BIDCO team to explain Terry's proprietary e-learning development tool, The Commercial Broker Playbook. This is the cherry on top for a Broker who is fresh out of a commercial lending brokerage school such as The Commercial Capital Training Group or is looking to build their business. We are thankful for the NACLB and the chance to put this tool in front of Brokers across the country.

The 2023 event was definitely one for the books! George Foreman served as the conference's keynote speaker and he knocked his speech out of the park! His story and words of wisdom served as the 1-2 punch for all of those who were in attendance to take a fresh look at their business and how they can best continue to grow and adapt. All attendees, no matter their market, background or business goals left the conference refreshed and revitalized to take on 2024. The Commercial Capital BIDCO team has already hit the ground running on what we can do to adjust for the new year as well as how we can build on our successes from 2023! Thank you to the NACLB for another successful conference and thank you to all of our broker and client relationships for all that you do. We are grateful to serve you!


The Commercial Capital BIDCO Board of Directors

Commercial Capital BIDCO is grateful to have a Board of Directors that not only assists with guiding our company's growth, but also aides us in our efforts of being efficient and consistent with closing deals quickly. Our Board of Directors consists of 7 individuals representing different facets of the Commercial Lending industry - allowing us to have a broad range of expertise as well as strong accountability with each deal that crosses our desks.

You can learn more about each member of our Board of Directors below.

 

Thomas “Toby” William Compton:

Mr. Compton is deputy commissioner for the Tennessee Department of Commerce and Insurance, responsible for Regulatory Boards, Insurance, Securities, and TennCare Oversight. He was promoted to this role in 2021 after having served as assistant commissioner for the Regulatory Boards.  He is the former president and CEO of Associated Builders & Contractors, Greater Tennessee Chapter. In this role he was responsible for managing government relations on the state and local levels, membership services and development, oversight of craft training school, and oversight of office and staff in Knoxville, Tennessee. Mr. Compton assumed this position in 2015, following a two-year position as executive director of the Metropolitan Sports Authority for Nashville and Davidson County. As head of the Sports Authority, Mr. Compton was responsible for oversight, capital upgrades, operational assistance, contract management and operational agreements for LP Field, Bridgestone Arena, First Tennessee Park, and Ford Ice Center. From 2011-2013, he was director of strategy and business development for the Tennessee Department of Economic and Community Development where he directed strategy initiatives for the department, recruited business and industry to Tennessee, and undertook special projects assigned by the commissioner. From 2007-2011, he was senior advisor and legislative director to the Office of the Mayor, Nashville and Davidson County. He advised Mayor Karl Dean on legislation, policy, strategic planning, board and commission appointments, coalition building, satellite cities, special projects, crisis management and other public affairs.  In addition, he served as senior campaign advisor to Mayor Dean’s 2007 and 2011 elections. Other positions have included, prior to 2007, director of marketing and communications for Snappy Auctions; executive director for Associated General Contractors of Tennessee; associate in The Ingram Group; and account executive for Gish, Sherwood & Friends (now GS&F). He earned his Master of Science in Public Service Management in 2011 from Cumberland University, Lebanon, Tennessee, graduating magna cum laude, and his Bachelor of Arts in Political Science and Communications in 2000 from Lipscomb University in Nashville, Tennessee. Mr. Compton continues to serve both Cumberland and Lipscomb as an adjunct professor in political communications and political diplomacy and advocacy. Mr. Compton has also studied at the Université du Québec á Chicoutimi and has continued to enhance his education and experience by attending numerous workshops, institutes, academies, and courses. His board service has spanned numerous personal and professional interests, from charities to sports groups, and his civic involvement includes work for the March of Dimes, being a mentor, his neighborhood association, and Hands on Nashville. In addition, Mr. Compton runs his own consulting practice specializing in public affairs issues, management, government and community relations, strategic communications, leadership, and strategy.  Mr. Compton lives in Nashville. He serves on the Governance and Compensation Committee and the Audit Committee of the Board.

 

Kathryn Reed Edge:

Katie Edge joined the Board on January 1, 2020, following her retirement from the practice of law at the end of 2019. Ms. Edge served as corporate and regulatory counsel to BIDCO (in organization), but she has not provided legal services to BIDCO or its affiliates since her retirement. She serves on each of the Board’s committees and as Board Secretary. Ms. Edge is a graduate of George Peabody College for Teachers of Vanderbilt University (BA, 1967) and the Nashville School of Law (JD, 1983). In between college and law school, she taught high school English, theater, and journalism in Memphis and Nashville, Tennessee, public and private schools. During law school, Ms. Edge worked full-time for Earl Swensson Architects in Nashville as an administrative assistant to the company’s president. Following law school, she was hired by the Tennessee Department of Financial Institutions and advanced through the ranks in both legal and administrative roles, leaving state government in 1995 as the agency’s deputy commissioner. After leaving the agency, Ms. Edge was a partner in the law firms of Miller & Martin, PLLC (1995-2012) and Butler Snow, LLP (2012-2019) where she was active in practice group leadership roles. Between 1995 and 2019, she assisted in the formation of 28 de novo commercial banks, as well as numerous bank holding companies, trust companies, finance companies, and two other business and industrial development corporations. In addition, between 2008 and 2019, she counseled more than 30 banks and bank holding companies operating under informal and formal supervisory actions. Among other leadership roles, she has served as president of three bar associations, including the Tennessee Bar Association (2000-2001), and the local legal aid society, and as Board chairperson for the Center for Non-Profit Management in Nashville. Katie moved from Nashville to Austin, Texas in early January 2020 to enjoy her grandchildren in retirement.

 

Jeffrey B. Luker:

Jeff Luker, Vice-Chairman of BIDCO’s Board of Directors, also serves as the Chief Lending and Operations Officer for BIDCO and as a member of the Credit and Investment Committee. He is principally responsible for growing and developing all lender relationships, including conducting site visits to evaluate collateral, and personally meeting borrowers and guarantors. Mr. Luker is a 2006 graduate of the University of Alabama with a BS in Business Management.  He is also a 2023 graduate of the LSU School of Banking. Mr. Luker spent seven years in the automobile industry in sales management and finance in Texas before moving to Tennessee to work with Alternative Capital Solutions, LLC, and help organize and manage BIDCO. Jeff and his family live in Franklin, Tennessee.

 

Terry E. Luker:

Terry Luker, Chairman, President, and CEO of BIDCO, is also the managing member of BIDCO’s affiliates, Alternative Capital Solutions, LLC and President and CEO of BancAccess, Inc. He chairs the Credit and Investment Committee of the Board. Mr. Luker’s expertise is in deal structure and creative financing options, including real estate acquisition, facilities construction, inventory floor plans, and directing finance departments. Mr. Luker’s network of commercial lenders, brokers, and business owners, together with his many years of creating financing options for start-ups, bring great value to BIDCO. Terry’s business philosophies are detailed in two business books he authored, Yes! How to Get the Funding You Need for Your Business and Flourish. He and his family live in Franklin, Tennessee.

 

Michael Winston Sheridan:

Michael Sheridan joined the Board on July 25, 2022. He is chairman of BIDCO’s Governance and Compensation Committee and is a member of the Credit and Investment Committee. A graduate of Vanderbilt University, he earned his BA, cum laude, and his Doctor of Jurisprudence degree with honors from the University of Tennessee College of Law.  He was managing editor of the Tennessee Law Review. Mr. Sheridan is licensed to practice law in Tennessee and is a member of the Tennessee and Nashville bar associations and the Claims and Litigation Management Association. Michael began his legal career with the firm of Stokes & Bartholomew in Nashville in August 1987 and was a member of the firm’s business organization section, gaining experience in representing businesses of all sizes. In November 1991, he left the law firm to be the associate general counsel and assistant secretary of Comdata Network, Inc. in Brentwood, Tennessee. From November 1991 until May 1996, Mr. Sheridan was one of two in-house attorneys for this publicly traded company engaged in international funds transfer and other services for the transportation, gaming, leisure, and retail industries. In Tennessee Comdata was regulated by the Tennessee Department of Financial Institutions, giving Mr. Sheridan experience in working with the state regulator that also regulates BIDCO. He directed legal aspects of complete corporate refinancing in 1992, more than $300 million, including the sale of public high-yield debt, the sale of preferred stock, and the establishment of a $50 million revolving credit facility. This resulted in a flexible financial structure that allowed business growth and an annual savings of $7 million in interest expense. Mr. Sheridan was promoted to vice-president, counsel, and assistant secretary of Comdata in June 1996, and he was again promoted in January 1998 to senior vice-president, general counsel, and corporate secretary. From April 2007 until November 2007, he was the company’s executive vice-president, general counsel, and corporate secretary, reporting directly to the CEO. In November 2007, Mr. Sheridan was again promoted, this time to serve as executive vice-president, general counsel, and corporate secretary of Comdata’s parent company, Ceridian Corporation where he managed legal aspects of the successful $5.4 billion transaction and accompanying transition from a public company to private equity ownership.  At Ceridian he was responsible for supporting the board of directors and the audit committee and reported directly to Ceridian’s chairman and CEO.  Michael returned to the private practice of law in July 2012 with the firm of Butler Snow, LLP in its Nashville office. He served as primary counsel to employers with respect to implementation and ramifications of the Affordable Care Act.  In a departure from his customary practice, he also served as production counsel for two independent films: Dixieland (2015) and Strange Weather (2016). Michael returned to the corporate world in January 2016 as the chief operating officer for Sopris Capital Holdings, Nashville and New York, NY. Sopris was a private equity firm affiliate providing capital and executive leadership within the tech-enabled and healthcare services industries. His roles in portfolio companies included executive vice-president for operations, Quovant; chief operating officer for Click Notices; and chief administrative officer for Office Works. Mr. Sheridan left Sopris in 2016 to become president of one of these portfolio companies, Quovant, Nashville, Tennessee. He was responsible for operations, finance, account management, human resources, benefits, and facilities. Quovant was a P-E backed technology company providing legal spend control and data analysis to Fortune 500 and other large companies. Mr. Sheridan spearheaded a successful exit for Quovant with its sale in January 2022 to Mitratech in Austin, Texas. Since January 2023 Michael serves as general counsel and corporate secretary for Community Brands, a global technology company with approximately 17,000 employees whose products support the missions of schools, non-profit organizations, and associations. In this role he manages the legal and regulatory affairs of the company. He and his wife live in Nashville and have two adult children.

 

Lisa Michelle Smiley, CPA:

Lisa Smiley joined the Board on July 25, 2022. She currently serves as chairperson of BIDCO’s Audit Committee and as a member of the Credit and Investment Committee. Ms. Smiley is a certified public accountant who serves as the director of external financial reporting and senior vice-president (2021-present) of FirstBank and its parent company, FB Financial Corporation, domiciled in Nashville, Tennessee. She has steadily progressed with FirstBank, beginning her career in April 2016 as director of external financial reporting (2016-2018), corporate controller and director of external financial reporting (2018-2020); and interim principal accounting officer (2020-2021). Ms. Smiley began her accounting career with Horne, LLP as an assurance intern in the summer of 2008. She graduated magna cum laude in 2009 from Union University, Jackson, Tennessee. She worked as an advanced staff auditor for Nestlé Market Audit, Saint Louis, Missouri, (January 2010 – November 2010) until she moved to BKD, LLP in Saint Louis. In September 2012, Ms. Smiley returned to Tennessee as an assurance manager with Horne, LLP where she was responsible for managing a team of professionals across Horne’s three offices, leaving Horne in 2016 to join FirstBank. Ms. Smiley lives in Nashville.

 

David Louis Travis, CPA:

David Travis joined the Board on August 18, 2022. He serves on BIDCO’s Audit Committee and Governance and Compensation Committee. Graduating summa cum laude from the University of Memphis in 1995, with a B.B.A in Accounting, Mr. Travis’s first professional employment was with Ernst & Young (1996-2006) as an audit senior manager. His expertise has been in leading audits of public and private companies in various industries. Among his audit clients were Dollar General Corporation, Healthcare Realty Trust, and Fruit of the Loom. In December 2006, Mr. Travis left the accounting firm to become senior vice-president and chief accounting officer of Healthcare Realty Trust Incorporated (NYSE:HR) and stayed with that company until July 2014 when he moved to MedEquities Realty Trust, Inc. (MRT) as senior vice-president and chief accounting officer.  MedEquities was a publicly traded, self-managed real estate investment trust with a diversified portfolio of healthcare investments totaling over $650 million. In 2019, MedEquities merged with Omega Healthcare Investors (NYSE:OHI), commencing operations in the summer of 2014 upon completion of a $160 million private placement of equity. Mr. Travis left Omega in the summer of 2019 and joined National Health Investors, Inc. (NYSE:NHI), Murfreesboro, Tennessee, in May 2020, as its senior vice-president and chief accounting officer. Mr. Travis oversees all facets of the accounting and financial reporting functions for the publicly traded REIT with a real estate investment portfolio valued at more than $3 billion. He is the primary contact for quarterly communications with the REIT’s audit committee. Mr. Travis lives in Brentwood, Tennessee.


Taking a Deal to the Finish Line: A Marketer’s Perspective

Commercial Capital BIDCO's Marketing Director, Leah Runge Waldrop, was recently featured in Deal Maker Magazine's latest issue. In this article, Leah was able to share her perspective on Marketing's role when it comes to getting a across the finish line. Leah maps out the key areas to focus as a commercial lending broker - whether you're just starting out or you're a seasoned vet to the industry. Marketing should not be an overlooked role or department within your company, but instead one that should be strategically supported in order to grow your brand and your business - thus aiding you in the process of closing deals.

Here's a quick snippet from the article:

"It will be difficult, to say the least, to get a deal off the starting line if the runner doesn’t know how you can help them get to the finish line – and at best, it will be an uphill race. At the end of the day, you must continue to tell your story and experience as a commercial loan broker to your current clients throughout the loan process. By utilizing the tactics from your marketing strategy to narrate the story and paint the picture, your clients will be reminded throughout the deal that you have the expertise and creativity to help them reach their goals."

Read the article in full on Deal Maker Magazine's website linked below!

https://www.dealmaker-magazine.com/magazine/taking-a-deal-to-the-finish-line-a-marketers-perspective


Terry Luker Featured on Deal Maker Talks! Podcast

Our very own Terry Luker joined the Deal Maker Magazine team for their Deal Maker Talks! Podcast where he was able to talk about the "Top Resources for Brokers in 2023." Are you curious about what resources and strategies will fit your goals for 2023? Give this podcast a listen on our channels below. Thank you to the Deal Maker team for having us!
Click HERE now to listen on Spotify!
Click HERE to listen on YouTube!

Find Out What Happens When a Bank Maxes Out Their Lending on Ep. 4 of Deal Talk!

We loved getting to film Episode 4 of Deal Talk at our booth during the 2022 National Alliance of Commercial Loan Brokers Conference last month! Terry Luker and business partner, Ken Collins, chatted about one of their very first deals after starting Alternative Capital Solutions.
Check out Episode 4, "The Bank Has Maxed Out Their Lending" today!
Watch / Listen on Spotify HERE. 
Watch on YouTube HERE.

Deal Talk Episode 3 is Now Live!

Episode 3 of Terry Luker's Deal Talk | For Commercial Brokers & Lenders podcast series is now live! Learn about what happens when a client needs refinancing but the bank wants to sever their relationship. Terry takes a deep dive into the solutions and so much more!
Listen on YouTube by clicking HERE.
Listen on Spotify by clicking HERE.