Tag: billboard loans

Bank Lending Tightens

I am very happy to have finally retired from banking, and I am grateful to Dave Westburg and John Weller of Billboard Insider for letting me write articles about out of home finance.  Before I retired in July, it was clear that banks were tightening credit standards and terms.  I […]

The Time a Bank Almost Put Lamar Out of Business

By Ken Altena, Partner, Billboard Loans, LLC. Did you know that in 1977 a bank almost put Lamar Advertising out of business?  Here’s Keven Reilly Sr. quoted in Signs of Opportunity: How Lamar Advertising grew into the biggest billboard business in America. In the spring of 1977…I received an emergency […]

Ken Altena on Sustainable Out of Home Debt.

Ken Altena has 35 years experience as a lender to out of home companies.  He is a partner in Billboard Loans, LLC.  As a lender, I am often asked, “How much can I borrow?”  The answer is, “it depends.”  It depends on your borrowing costs and it depends on how […]

The SignValue/Billboard Insider 2022 Out of Home Lender List

Out of Home lending is a specialized form of finance.  To save the time and trouble of having to educate your lender on the ins and outs of Out of Home here’s an alphabetical list of 56 Out of Home lenders compiled by SignValue and Billboard Insider.  We asked SignValue […]

Ken Altena on the Info Your Out of Home Lender Wants to See

Ken Altena has 35 years experience as a banker and lender to out of home companies.  Today he talks about what your out of home lender wants to see. Preparation and organization are key to obtaining a loan for any project, including your next billboard.  There are two kinds of […]

Rising Interest Rates and Your Out of Home Company

By Ken Altena, Partner, Billboard Loans LLC. Get ready for more interest rate increases this year, and possibly next, based on the Federal Reserve’s new median forecast, which signals another 1.25%  this year to  4.5%  and even more in 2023.  Borrowers are fearful this will not be the last of […]

Ken Altena on the Difference Between Banks and Private Lenders

Ken Altena recently joined Billboard Loans, LLC. after a 39 year career in banking.  We talked with Ken about the difference between bank OOH lenders and private OOH lenders. How did you join Billboard Loans When I told Dave Westburg, who has been a colleague, friend and client for over […]

A New Lending Fund for Small Out of Home Borrowers

Billboard Loans Management, LLC has launched Billboard Loans Fund Three, LLC, an income-oriented loan and investment fund which commenced operation on June 1, 2022.  The fund was formed with capital from accredited investors, supplemented by a line of credit from Washington Trust Bank.  The fund seeks senior secured out of […]

How To Introduce Yourself To An OOH Banker

Billboard Insider gets lots of calls from individuals seeking out of home loans from its Billboard Loans, LLC affiliate.  Here are 5 tips on what to do to make the first conversation with a lender productive. Say your name and company name after hello.  It’s amazing how many people start […]

Max Drachman Says There’s Been an Uptick in OOH Multiples

Max Drachman of Drachman M&A Co. sent us a summary of his comments at the Out of Home mergers and acquisitions panel which Billboard Insider moderated at last week’s IBOUSA show. There’s been an uptick in multiples in the last six months.  Market share is becoming more valuable.  Digital billboards […]