This week CEO of Space&Equity, Obi Chukwumah, and King David Reeves, CEO of SMMXEPERTS take a deep dive into a commercial loan process discussing 15 Steps to close the deal. Real data to get you the real money you deserve. Real Banking advice for real people. Obi breaks down a step-by-step approach, elaborating on and sharing his experiences structuring these kinds of deals. Having 15 years of experience Obi is able to identify If an opportunity exists in the early stages of meeting a client. He is able to identify the challenges and potential opportunities within each deal. In many cases the foundation of a good deal includes, having proof of concept, supporting financials, and a team consensus that will support the approval of the loan. Join us next week as the duo will continue on steps 5-18.
Space & Equity continues to provide commercial banking education to increase assets and build equity in the space of black-owned real estate and commercial real estate. Space & Equity aims to increase knowledge and gain power with expertise in real estate brokerage and ultimately produce a black community that’s well-versed and armed with the tools needed to succeed in commercial banking, real estate, financing, lending, and business ownership.
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Timestamps:
0:00 -Intro
1:31- Relationship Business Agenda
2:41 Birth center investor
6:08- Does opportunity exist
10:15- 15 Step Deal
12:08- Primary Source of Repayment
16:05- Commercial Team Sport
18:05- Structuring a deal
24:07- Step 4- Team Consensus
27:53- My own advisor
35:00 Term Sheet, Sheet of Terms
36:16- Relationship Equity
38:58- Steps 8-15
39:22- Kind David Reeves Contact information
40:00- Elevate your family
SMMXEPRTS:
Follow King David Reeves on Instagram: https://www.instagram.com/kingdavidreeves/
King David Reeves on LinkedIn: https://www.linkedin.com/in/king-david-reeves-a5b730137
Space & Equity:
Follow Host Obi Chukwumah on Instagram: https://www.instagram.com/obi_empowers/
Follow Space_&_Equity on Instagram:https://www.instagram.com/spaceequitycorp/
Follow Space_&_Equity on LinkedIn: https://www.linkedin.com/company/space-equity-corp
Shop Space_&_Equity Merch: https://spaceequitycorp.com/collections/all