AASEW Meeting: Financing Real Estate In Today's Market ---- May 20, 2013
Please join me at the AASEW's next monthly membership meeting where we will discuss Financing Real Estate in Today's Market.
When: Monday May 20th, 2013 at 7:00 p.m.
Where: The Best Western, 1005 S. Moorland Road, Brookfield 53005
Who: Panel of local lending experts. Details below.
Cost: This meeting is free for current AASEW members, $25 for guests or expired members
Good deals are more abundant today than ever in the past. But we all know low prices at the same time as low interest will not last forever. The deal killer for most is funding those great projects you find. Come to this meeting and get a pulse on the current lending environment from big bank lending to smaller community banks. From hard money lending to the credit union perspective, our panel discussion is sure to have something for you! And speaking of perspective, some of our experts are landlords too!
Knowledge is power! The AASEW is proud to present yet another forum on information you need to succeed in today's economy.
Monday, May 20th at 7 PM is just Around the corner! See you then!"
Our panelists will include:
Rob Seetan - Brewery Credit Union
Rob has lived and worked in Milwaukee for 15 years. His first job in the mortgage industry with Pinnacle Bancorp (no longer exists) as an Account Executive. He started loan originating in Milwaukee 2000. He joined Brewery Credit Union in 2009 and holds the position of originator, underwriter and administrator for Brewery Credit Union founded as Brewery Workers Credit Union in 1934. Brewery CU maintains about 15% of its portfolio with small investment properties (no commercial lending). The majority of their investment units are within the City of Milwaukee. Brewery Credit Union was granted special privileges by US Treasury Dept. through our Community Development Financial Institution (CDFI) designation.
Luke Hagel - Commerce State Bank
Luke has been working in the banking industry for about 9.5 years. He began my career with Wisconsin Business Development as a credit analyst in 2003. While at the WBD he learned a lot about SBA lending, specifically relating to the SBA 504 and 7a programs. Hejoined Commerce State Bank in January of 2008 and has worked as part of the commercial lending team there since that time. Luke grew his own portfolio which is currently about $50MM in loans comprised mostly of C&I loans (Real estate, LOC's, equipment, etc.). Luke assists in nearly all SBA lending done at the bank. Luke graduated magna cum laude from Ripon College with a B.A. in Business Management in 2003 where he also served as a Student Mentor, Resident Assistant (R.A.) and member of both the college Baseball and Football teams. Luke also graduated magna cum laude from UW-Milwaukee with a Masters of Business Admin in 2006. He currently resides in West Bend with his wife and 3 kids.
Chris Wilz - Senior Lender US Bank
Chris is Vice President & Relationship Manager for US Bank, Business Banking division. He has over 11 years of experience with commercial lending and in the financial services industry. He earned his bachelor's degree from the University of Wisconsin - Madison Business School majoring in Finance, Investments & Banking. Chris works with commercial real estate investors and business owners to provide financing for real estate loans, equipment loans or leases, and lines of credit, in addition to the full breath of banking products and services the bank has to offer. For three consecutive years, Chris has received an Annual Pinnacle award for being one of the top producers at US Bank.
Scott Lurie - F Street Investments, Jomela Properties
Scott, a local Milwaukee businessman earned his B.A. in Finance from The George Washington University. After college, Scott spent 2 years in the M&A industry serving as an analyst for Kaulkin Ginsberg Company. After moving back to the Midwest, Scott worked for his family heading a division of Lurie Glass. In August of 2004, Scott let his entrepreneurial spirit get the better of him and began investing in real estate. After purchasing a Homevestors of America franchise, Scott got involved in real estate acquisitions, financing, and property management. His relationship with Homevestors ended in February 2009. Scott continues to be involved in real estate and finance. To date, Scott has bought and sold over 125 houses in addition to building a rental portfolio of 1400 units which are self managed. In addition to the multiple real estate acquisitions Scott has been involved in, he also specializes in "hard money" financing. With over $12 Millions in deals financed to date Scott gets it done! Scott's interest outside of the office are his family, golf, tennis, and travel.
