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 […]
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 […]
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 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 […]
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 […]
Insider wants to introduce a new contributor to our website. Ken Altena is a longtime commercial banker and out of home lender from Seattle, WA. Here are Ken’s thoughts on the Lamar refinancing. On January 7, 2021, Lamar Media Corp., a wholly owned subsidiary of Lamar Advertising Company, agreed […]
