April 28, 2012
Crowdfunding has vast application not only in helping new businesses reach their goals but also in several areas of commercial real estate finance, which is my expertise -- as a direct way of allowing smaller investors to participate in exciting new projects, or in distressed real estate acquisitions, or in distressed debt acquisitions, as equity partners instead iof through a REIT or ETF or other vehicle. And on the business side, I am an SBA 7A and 504 expert, used to saying "no" to startups because of historical default risk. But crowdfunding for new businesses -- the clients I call on regularly -- is a very exciting new tool and I willl be referring businesses of all kinds to crowdfinding portals. In addition, by offering secured and unsecured debt through our membner credit unions, I can go a step further and enhance return on investment and extend the ability of the business to fund R&D and expansion.
I am looking to get involved and bring the concept to my business clients and to Ciolorado's credit unions, whose members may be potential investors.
Attended a seminar with Vic Ahmed at Colorado;'s Innovation Pavilion.
Tim Thomas is Senior Business Development Officer for Centennial Lending, a Credit Union Service Organization owned by 13 credit unions in Colorado and Wyoming. Centennial has a portfolio of $880 million in commercial and small business loans
A great opportunity -- premature until the regs get decided upon, but good discussion and several brilliant and accomplished people