Commercial Group. Almost everything you need to know

Transcription

1 Commercial Group Almost everything you need to know

2 An Overview of Commercial Deposit Services David Williams Executive Vice President Relationship Lending 5/3/2007 2

3 What we do Primary function: gather and service deposits from commercial group customers: Payments and Collections Treasury Needs Online Banking Fraud Protection Sales function/service function Relationship Managers Centralized Sales Force Servicing Group Product Suite Deposit products: certificates of deposit (CDs), savings, checking, and money market accounts Reporting services: commercial online banking, WM Morning Report, electronic funds transfer notification, and account analysis Collection services: lockbox, cash vault services, deposit courier service, and automated clearing house origination Disbursement services: zero-balance accounts, controlled disbursement Cash management services: sweep accounts, tax payment solutions, lease security accounts Security services: ACH fraud protection, positive pay 5/3/2007 3

4 Curious to know more? Contact: Kay Thomas-Brown Sales Team Lead (713) OR Janice Smith Sales Team Lead (516) /3/2007 4

5 An Overview of WaMu 1031 Exchange Ann Cottrell Business Development Manager WaMu 1031 Exchange 5/3/2007 5

6 What is a 1031 Exchange and what are the benefits? Tax Deferment 15% Federal Capital Gain Tax for assets held > 1 year 5.75% State Capital Gain Tax 25% Depreciation Recapture Tax Buy MORE Property Utilize saved/deferred taxes to leverage into a larger property Exchange from a property that has a high equity position into a much more valuable property Diversification Geographic diversification Asset class diversification Non-Tax Motives for Exchanging Relief of management burden Exchange from a fully depreciated property to a higher value property that can be depreciated Why the Investor Cares: 5/3/2007 6

7 Basic 1031 Requirements Property Qualifications Held for productive use in trade or business Like kind (foreign property is NOT like kind!) Intention at the time of purchase must be to hold asset for long term appreciation 5/3/2007 7

8 In a Nutshell Identifying Properties Three Ways to Identify Properties: 1. 3-Property Rule (most popular) Up to 3 potential properties, no cap on values % Rule (seldom) Any number of properties, but a cap on aggregate values 3. 95% Rule (rare) No cap on values or # of properties identified but you must close on 95% of the aggregate value 5/3/2007 8

9 Types of Exchanges Simultaneous Exchange Ownership of both properties transfers concurrently Very rare Delayed Exchange Relinquished property transferred at Time 1, Replacement property acquired at Time 2 Most common type of exchange Construction Exchange Replacement property acquired is for the purpose of new construction Exchange funds must be used on construction before 180 day timeline is up Personal Property Exchange Investors may exchange business/personal assets (fleet of trucks, paintings, etc.) Require specific asset allocations Reverse Exchange Replacement property acquired before original or relinquished property is sold Often used in a hot market where 5/3/2007 9

10 Curious to know more? Contact WaMu 1031 Exchange Ann Cottrell, Business Development Manager Northeast Region Toll Free: Mobile: OR The Customer Care Group /3/

11 An Overview of Commercial Term Lending Greg Carlisle Regional Manager, Term Lending 5/3/

12 Where Do We Lend? Northern California Southern California Pacific Northwest Oregon Colorado Denver Chicago Minneapolis Milwaukee Boston New York New Jersey Philadelphia D.C. Metro North Virginia Florida Texas 5/3/

13 What we do Term loans on stabilized multi-family properties (5 + units) and stabilized commercial properties in the office, retail, industrial and mixed-use asset categories In major markets throughout the U.S. Multi-family loans from $100,000 to $25 million Commercial loans from $500,000 to $10 million Talk to our colleagues in Relationship Lending about structured lending Variety of products including fixed-rate, adjustable and hybrid programs We can tailor make any loan to fit your needs and growth strategies Up to 30-year terms and 40-year amortization schedules available Interest only programs available 5/3/

14 Our Value Proposition We get the deal done right From completed application to closing we re among the fastest No appraisal or documentation fees Simpler process a LOT less paperwork THE BEST PRODUCTS, PRICING AND PROCESS 5/3/

15 Our claim to fame We are the nation s #1 multi-family lender, and have been for years! Source: 2005 HMDA report of multi-family origination volumes. 5/3/

16 Curious to know more? Contact: Greg Carlisle Regional Sales Manager Philadelphia / Metro DC Commercial Term Lending Phone: gregory.carlisle@wamu.net OR Local Senior Loan Consultants: Michael Abbasfard Joe Delaney Brian Ginter Terry Cullen /3/

17 An Overview of Commercial Real Estate David Williams Executive Vice President, Relationship Lending 5/3/

18 What we do Term and interim financing on major property types in most markets for professional real estate investors Term Loans: generally, from $10 million to $35 million on stabilized properties Interim Loans: DSC, LTV, LTC restrictions by property type, all markets, negotiated flexibility General loan parameters: Rates: fixed, floating, hybrid Recourse preferred Negotiated terms/structure Commercial Real Estate loans are negotiated by our experienced team of deal makers. Every deal is unique, just like every property and investor are unique. 5/3/

19 Details We primarily lend in major metropolitan markets throughout the U.S. However, we will follow relationships to any market to provide real estate secured financing Structured Revolvers and Loan Participations are considered What we aren t We don t offer single-family home construction or lot development loans, even for large home builders Generally, property types that are discouraged include hotels, motels, golf courses, land assemblage, condominiums Who we are Relationship Managers, Credit Managers, Credit Analysts, Production Analysts, Credit Administration 5/3/

20 Curious to know more? Contact: David Williams, Executive Vice President Relationship Lending Group (214) /3/