Archive for April, 2009
« Previous EntriesOcean Capital April 2009 Newsletter
Check out our quartely newsletter. Articles include “What You Should Know About Commercial Appraisals,” “A Game Plan for Commercial Lending Success” and “The Voices of Experience, “ an interview with two top commercial mortgage brokers to find out how the current market conditions are affecting their business and the state of commercial lending in their region.Â
From the Desk of John Murphy - April 2009
Dear Colleague
I’m sure that you, like I, wish that the past 12 months was just a bad dream that can be quickly erased away from our memories. If we could only be so lucky!  Congratulations are certainly in order for you to have survived such a tsunami!
Now that the headwinds of 2008 are behind us, [...]
What Ocean Capital has to offer - in less than 20 simple slides
Why Ocean Capital? Good question, given the reputation of many banks out there in today’s market.Â
Since the mortgage crisis has come to a head over the past year and a half, several companies have been exposed and made examples of for their predatory lending, outlandish no document loans and ridiculously loose guidelines (I won’t name names, [...]
Showdown Between Banks and Regulators
As the Obama administration completes its examinations of the nation’s largest banks, industry executives are bracing for fights with the government over repayment of bailout money and forced sales of bad mortgages. See here for the article
SBA Helps Small Businesses Go Green
Small business are now eligible for larger loans to make the goal of going green a reality. Click here for the story
Recent Deal - Jacksonville, FL
Location: Jacksonville, FL
Loan amount: $4,495,000
Broker commission: $7,475
Loan Purpose: Cash out refinance
I’m a sales professional, not a marketing professional
If you are a one-man shop, or a couple-man shop and don’t have the means for a marketing department, it’s time to take off your sales hat and put on your marketing hat. Here are just a few ideas to set yourself apart from others without breaking the bank:
Distribute ads and flyers in your local business community - [...]
Networking 101
It’s Networking 101, but sometimes people need to be reminded. When you’ve come to realize cold calling just doesn’t seem to be working for drumming up new business, try these simple but effective tactics:
Dig through past residential loan applications searching for business owners and real estate investors
Visit and speak with local business owners - this will [...]
Tip of the Day
Daily Education -
Everyday, you should give yourself time to learn, grow and master skills to succeed. Studying small bits and pieces of helpful information daily can help you increase your skill level dramatically over time.
The key is to dedicate at least 20 minutes to reading or a similar exercise every day. The goal is [...]
NAGGL Training and Conference
We will be attending the National Association of Government Guaranteed Lenders training and conference being held in Boston May 4-8.
The agenda covers the ongoing impact of the Recovery Act provisions, the new administration’s initiatives, effectively responding to repairs and denials, identifying potential fraud, the new lender oversight regulation and impact of the risk rating system, [...]
