Micro Loans or Bust

Micro Loans or Bust

Last evening, I had dinner with a twenty-something entrepreneur to discuss Web recruiting trends. Surprisingly, our conversation strayed into the world of micro loans, with which I confess I was not that familiar. My dinner guest makes loans to restaurant operators who need a short-term financial float for the summer to cover the weak sales season. These operators will pay premium rates for the bridge loans. In the pre-banking crisis, these $10,000 - $20,000 loans were readily extended to hard-working, credit-worthy small business men and women. Not any more – the spigot is dry. The backbone of our country rests with small business owners and entrepreneurs and now, thanks to the DC bureaucrats and a broken banking system, they are left out to dry when they hit a rough patch and simply need a small bridge loan to tide them over. It's a sorry state of affairs, and all we have heard so far from our candidates are worries over Romney's tax returns and questions whether Obama failed a course or two at Columbia.

Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author's own.

Job Opportunities LOCATE A JOB

GRUBB PROPERTIES, INC.
Commercial Broker
(CHARLOTTE, NC) This position will coordinate the leasing in buildings managed by Grubb Properties, starting with identifying businesses and/or individuals that are interested in leasing retail office space and ending with occupancy by the tenant. Duties also include working with prospects directly or through a broker hired by the tenant; implementing goals and objectives of the building's ownership; assisting in marketing efforts such as creating and distributing flyers, mailers, and broker events; and analyzing the economic aspects of a lease deal, negotiates lease agreements.

PALMER CAPITAL, INC.
Capital Markets Partner
(SACRAMENTO) Palmer Capital Inc., an industry leading private commercial real estate firm, is seeking a real estate professional to join its capital markets team headquartered in Sacramento. The firm is recognized for innovative business strategies that source investment opportunities as well as provide debt and equity placement for office, industrial, and retail properties in multiple Western markets. The successful candidate will be responsible for underwriting, marketing, structuring debt and equity, and the management of client relationships. Bachelor's degree required, as well as experience in commercial real estate.

ROSS STORES, INC.
Group Vice President Corporate Facilities/Non-Retail Properties
(PLEASANTON, CA) The position will support the president and chief development officer with the management, planning, development, and execution of all corporate office facilities, distribution center, warehouse (hotels) and non-retail properties including fixtures, purchasing of work stations and office equipment. In addition, this position will oversee the planning and preparation of the annual and long-term budgets for review by executive management and manage number of administrative support departments.

PRUDENTIAL
Agriculture Investment Analyst
(LISLE, IL) The Agricultural Investments unit of the Prudential Mortgage Capital Co. (PMCC), a subsidiary of Prudential Financial, Inc., with over a $2.5 billion Ag mortgage portfolio, is one of the leading providers of long term financing to agricultural landowners in the United States. The agriculture analyst (investment operations Specialist) will assist investment professionals in the evaluation of new agricultural loans and monitoring of credit risk in the existing agricultural mortgage loan portfolio, as well as conduct various industry research and analysis projects. Bachelor's or Master's degree in business, agricultural finance, or economics preferred.

CB RICHARD ELLIS
Director, Divisional Research
(LOS ANGELES) This position will be responsible for researching and developing site locations for North American clients. Duties include creating and analyzing site location's to optimize client's corporate visibility in an effort to win real estate assignments; conducting meetings with clients to resolve disputes and create a solution that best meets the client's objectives; creating marketing materials to research and develop site selection methodologies and technologies; providing strategic services to clients such as financial models and occupancy studies; maintaining departmental initiatives to improve the site selection database; and managing the planning, organization, and controls for separate activities in a department.

CUSHMAN & WAKEFIELD
Senior Transaction Manager
(NEW YORK CITY) This position will be responsible for the delivery, management, and reporting processes related to commercial real estate transaction management services for a portfolio of properties for a Fortune 500 company. The successful candidate will be on site working directly with the client real estate group and their business units and assume responsibility for all aspects of the real property transaction processes. Responsibilities will include, but not be limited to, the development of business case reports, oversight of the entire approval through transaction delivery and close out process, coordination with internal client teams, management of field brokerage professionals and other subject matter experts necessary to deliver an integrated solution to company's client.

AVALONBAY COMMUNITIES
Development Manager
(BELLEVUE, WA) AvalonBay currently has an opening for a development manager based in their Bellevue, WA regional office. This position will be responsible for managing all phases of the development of multi-family rental communities. This includes market analyses, financial analyses, site selection and budgeting, design, management of the entitlement process including presentation before municipal and other regulatory boards, and participation in the construction/lease up process.

SELECTLEADERS
Acquisitions Associate
(NEW YORK CITY) Founded in 1985, our client is an investment management company offering an extensive range of investment services including portfolio securities management, direct equity, real estate and other structured products management. The real estate division currently has over $600 million in equity under management, representing committed capital and interests in real estate assets in the United States and Canada exceeding $1.3 billion. The core competence is investing in well located, high quality properties, mostly in North America, including retail, multi-family residential, industrial, office and hotels/resorts. The real estate division is searching for an acquisitions associate to perform market research, financial underwriting, quantitative analysis and structuring, and transaction support and execution.

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