Just as we have been looking at the Commercial Real Estate situation here, Bob Coleman of Coleman Publishing had the topic on his weekly radio show last Thursday. Bob Coleman's guest was Paul Elliot, a broker and founder of Quiet Auction, which specializes in the SBA-related CRE market. According to Paul Elliot, the coming bubble burst is based on a lack of jobs as well as a similar over-exuberant loan situation as caused the crash in the housing market. Both agree that the current downturn will not really improve until a serious program of job creation takes hold.
Paul Elliot has several other interesting points about the economic situation as applies to CRE. I recommend that you take time to listen to the entire interview.
Bob Coleman is a Small Business Lending expert and Founder of Coleman Publishing.
Paul Elliot is a broker and founder of Quiet Auction, based in Riverside, CA.
Craig G. Francis is the owner of Francis Financial and The SBA Loan Store. He has been a top producer of SBA Loans since 1981, and has worked with Dun & Bradstreet and Bank of Commerce. Craig Francis has the expertise to steer clients through the often confusing rules and regulations associated with SBA Loans, having helped over 2,000 businesses acquire over a billion dollars in loans. He can be contacted through CraigGFrancis.com, SBALoanStore.com or at
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