Archive for February, 2010
Are Trade Shows a Waste of Time?
If you were like many lenders in 2007 and 2008, a large portion of your marketing dollars were spent attending and exhibiting at trade shows throughout the country.  Ocean Capital was one of these lenders. In 2008 alone we exhibited at 20 trade shows from Maine to California. Here’s just a quick summary of the costs incurred to send [...]
Quote of the Week
“Courage and perseverance have a magical talisman, before which difficulties disappear and obstacles vanish into air.”
~Â John Quincy Adams
Recent Deal - Cash Out Refinance for Assisted Living Facility
Location:Â Hamburg, NY
Property Type:Â Assisted living facility
Loan Size:Â $1,575,000
Broker Commission:Â $15,750
Loan Purpose:Â Cash out refinance for working capital and to pay off balloon note
Introducing a New Addition to our Executive Team
We’d like to announce the new addition to the Bank’s executive Team, Ms. Katherine Marien, Senior Lending Officer. Ms. Marien brings over 25 years of credit and management experience in financial services, including credit risk management, implementing policies and procedures, staff training and development as well as underwriting. She will be a valued addition to [...]
Announcing Our Increased Broker Referral Fee to 1%
Ocean Capital has increased our broker compensation to 1% on all referred loans that close and fund. The 1% referral fee is effective immediately on all deals submitted to Ocean Capital.Â
We hope this payout increase demonstrates just how much we value your business!
*Check out our recent email blast
Quote of the Week
“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma - which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice And most important, have the courage to follow your heart and intuition. They somehow [...]
Quote of the Week
“There is a time to let things happen and a time to make things happen.”
~Hugh Prather
