RCRE - Understanding Loan Pricing with James Shukis

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 22 July 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Will Coleman and Mike Taravella interview James Shukis of City Bank. Key Information: Lending on single-family homes has accelerated during the last quarter. New trends in housing show college graduates gravitating towards class A condos and townhomes in metropolitan areas. Why now is a good time to accelerate your debt with lower interest rates. How banks processed PPP loans for small businesses affected by COVID-19 How banks establish their own prime rates as well as use national indices like the Wallstreet Journal Prime Rate. Banks quote deals based on risk and market location. Hedge your pricing by developing strong bank relationships. Expert Pro Tip: “Measure twice and cut once!” Contact Information: Jshukis@city.bank (214) 636-7703 To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Transcript

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0:00.0	Welcome to the RANCRE show, commercial real estate with no stone left unturned.
0:09.9	Hi, everyone.
0:11.0	Welcome to the RANCRE show.
0:12.9	I'm your host, Mike Tarvel with my co-host, Will, how's it going today?
0:17.7	So well, Mike, just running the marathon one step at a time.
0:20.6	Today we've got
0:21.4	James Shukas on the show probably more excited for this guest than any guests we've had so
0:26.9	far so to give a bit of a background I worked at Citibank for two years and the real
0:31.5	city bank the real city bank the real city bank CIT Y which is a community bank based out of
0:37.4	Texas choking here a little bit headquartered in love ITY, which is a community bank based out of Texas.
0:39.2	Choke in here a little bit, headquartered in Lubbock.
0:42.5	And when I started at Citibank, James was a lender there.
0:47.4	It was very insightful to me in terms of any questions I had.
0:51.1	James almost always knew the answer and then some. James has nearly 20 years of experience in the community banking space.
0:58.0	He was a commodities trader.
1:00.0	It has a ton of stories, trade commodities in like cotton and different industries in Vietnam and Thailand and all kinds of stuff.
1:06.0	But very knowledgeable in the community banking space and especially kind of the pricing of community
1:13.0	bank debt and in the situation we're in right now with a lot of uncertainty in the in the lending
1:18.1	environment I very much wanted to have James on the show so James thanks for being on the show today
1:22.9	well thanks for having me guys excited yeah Excited. Yeah. First podcast.
1:29.7	Buckle up, everyone.
1:30.3	Here we go.
	...

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