“Dennis’s passion for structuring loan transactions that provide the best terms for his clients has been evident in every transaction that Dennis has been involved since joining our firm last year,” commented Michael D. Sneden, Executive Vice President at ValueXpress. “As anticipated, Dennis has utilized his extensive investment banking knowledge and relationships to problem-solve complex issues on a number of transactions and he was able to close transactions in which borrowers were unsure that a loan closing was possible.”

“I take great personal satisfaction when I am able to close a loan for a client that provides a financing solution that allows a borrower to grow his real estate business,” commented Suh. “Along the way, I have successfully worked through some intricate issues that provided some stress relief for the borrower and I often get that satisfying “thank you” call at the closing of the transaction.”

“I am pleased to recognize Dennis’s achievements through this promotion,” commented Sneden, “Dennis represents what ValueXpress is all about, namely a group of talented individuals with extensive experience and relationships in lending and an ability to utilize their capabilities to provide best-in-class financing solutions to our clients.”

Please contact Dennis for your next financing at 212-883-6487 or via email at dsuh@valuexpress.com.

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“Obviously, last week did not pan out as we might have hoped.  Missing cloture by a single vote now means that if our legislative package gets moved, it will be in September, when the House returns to session, or not at all.  However, in order to make even that come true, we need to have a cloture vote in the Senate, likely by August 10 or 11. That happy event consists of getting one more vote on the “side of the angels.” Senator George LeMieux (R, FL) has nominated himself for the role; however, last week, he failed to vote for cloture.

The industry needs to help lend some clarity to Sen. LeMieux’s thinking. Prospects/borrowers who have been or may be impacted by the failure to pass this bill need to contact the good gentleman from Florida.  He already knows, thanks in large part to your prior efforts, where the bankers stand on this matter.

Consider this: If your borrowers are paying higher fees (anyone in the queue!), needing larger loan sizes, and/or refinancing a commercial mortgage with a balloon, then they should contact Sen. LeMieux. Their message should be succinct and straightforward: “If you support a bill that you say is bipartisan and that you say the Senate should pass, why aren’t you voting for cloture and subsequent passage?” Ideally, the prospect/borrower should round this out by saying, “We employ x people in Florida and are looking to employ more, but need your support.”  Subtlety is over-rated at this point.

If each of you contacts a single prospect/borrower who would then send an email to Sen. LeMieux it could make a significant difference. Like the rest of you, I look forward to coming to work and not having CSPAN open on my computer all day.  If we push now, we might escape that fate for the balance of the year.

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