Episode 2 | David Frew from Bank of Idaho
Transcript
00:00:05 Greg Croft with Resin Architecture
Welcome to Vision Driven with Resin Architecture, the podcast where we dive deep into the world of architecture, development, and construction.
00:00:12 Greg Croft with Resin Architecture
I’m your Host, Greg Croft, and my Co-Host is Jamee Moulton, and we are thrilled to have you join us on this journey of learning, inspiration, and insight.
00:00:19 Micki Schwartz with Rudd & Co
When you talk about real estate, I would always recommend that you go into it with the exit in mind. 00:00:25 David Frew with Bank of Idaho
Advice I'd give somebody that's presenting their case, or pitching their loan to a bank, is just to be really well prepared.
00:00:32 Jamee Moulton with Resin Architecture
Whether you're dreaming of building a space for your business or simply curious about the fascinating world of architecture and development, join us on this exciting adventure as we unlock the secrets to successful projects and empower you to turn your vision into reality.
00:00:50 Greg Croft with Resin Architecture
Alright, we're going to get started here. We're really excited to have you here with us, David. David is with Bank of Idaho. Tell us how many years you've been with them.
00:00:58 David Frew with Bank of Idaho Going on three years.
00:01:00 Greg Croft with Resin Architecture
Three years and then in the commercial lending world or the banking world, how long have you been there?
00:01:05 David Frew with Bank of Idaho Since 2000, out of school, Graduate School? 00:01:12 Greg Croft with Resin Architecture
OK, awesome. So our goal is to help business owners who are making that transition from being just business owners to also being potentially building owners and kind of looking at that process. It's a different beast altogether, and a lot of them aren't familiar with it, and that makes up most of our clientele.
00:01:34 Greg Croft with Resin Architecture
And so we want to educate them in terms of, hey, these are the things that you should be looking at. And so today you're our banking expert. We just want to cover that kind of stuff
00:01:50 Greg Croft with Resin Architecture
I guess my first question is, can you tell us about your background in commercial lending and what that looks like in terms of, hey, I'm about to build a building or even purchasing a piece of ground to build a building on. Tell us a little bit about that.
00:02:09 David Frew with Bank of Idaho
Yeah, you bet. Well, getting a finance degree. I sold securities for a year and then figured that was pretty tough and wanted to use my finance degree, and I really enjoy sales. So commercial real estate loan officer allows you to really dig into the community and do a lot of work with a lot of the doers in the community, so I've really enjoyed it. I've done it for 20 years, 20 plus years now and that's been targeting helping small business owners, a lot of those who are contemplating and considering owning their own building versus leasing.
00:02:50 David Frew with Bank of Idaho
So I have conversations around that really quite often. And then also with investor real estate, whether that's land development or vertical construction or for investor properties as well.
00:03:04 David Frew with Bank of Idaho
Pretty concentrated on the real estate throughout the career. 00:03:10 Jamee Moulton with Resin Architecture
Tell us about how commercial lending has changed over the course of your career and what it's like now.
00:03:16 David Frew with Bank of Idaho
Oh wow. Well, I am getting older. I realized that when I was preparing for this. 00:03:23 Jamee Moulton with Resin Architecture
Experienced is what we call it.
00:03:25 David Frew with Bank of Idaho
Well, when I first started, everyone was worried about the DOT-COM BUBBLE. Right? And interest rates
- if you look at compared to where they're at now, they're actually pretty much on par with where they were, right around 2000, 2001, 2003...
00:03:40 David Frew with Bank of Idaho
They were on the decline after worrying about the implications the DOT-COM BUBBLE. But Prime was at 6%. Recently, Prime has gone up, but long-term rates were right around the 7-7 ½% range, where they are right now. And so that changed with the housing debacle.
00:04:04 David Frew with Bank of Idaho
As far as what I saw, I never was directly involved with mortgage lending to consumers (so residential lending), but watching our industry be very loose in the types of loans that they provided, pick-a- payment [schemes], no amortization schedules, Interest-only, stated income: all of those things really led to probably pretty irresponsible lending.
00:04:32 David Frew with Bank of Idaho
And I saw that first hand. A lot of banks failed because of that, and a lot of government funds had to kind of bail out the economy as well as banks. That brought in turn a lot of regulation, the Frank Dodd Act, the Consumer Protection Act.
00:04:53 David Frew with Bank of Idaho
And so that pendulum from being really, really loose in terms of lending, it's really restricted on the other way to where the regulatory environment on the commercial side and even particular tightened up so much that as lenders we felt, I often felt like: really good plan, pretty good loan-to-value, and I know they're going to make this work, but the ratchet had tightened down to where banks were constrained on what they could do.
00:05:25 David Frew with Bank of Idaho
And that changed probably 11 and 12 and 13, and things started getting a little looser until where now I think most lenders have been pretty disciplined in terms of and particularly land development.
00:05:45 David Frew with Bank of Idaho
Kind of once bitten, twice shy, I think, but overall we're in a pretty stable lending environment, particularly for our part of the country. The economy has been so good here in eastern Idaho.
00:05:58 Greg Croft with Resin Architecture
Kind of adding on to that question just in the last few years with COVID, how has that affected like the commercial lending side?
00:06:05 David Frew with Bank of Idaho
Yeah. So COVID has probably benefited our region. There are a lot of coastal folks that work for really large employers in high rises in metro areas, whether that's Seattle or Portland or California, that have realized their employers have allowed them to work remotely and so net in migration. Like if you talk with a title company,
00:06:33 David Frew with Bank of Idaho
That there's a lot of transplants here. A lot of - they call them - political refugees too. They just want to get out of their political environment, soCOVID is really probably benefited our real estate market here locally – a lot of move-ins.
00:06:49 Greg Croft with Resin Architecture
What's something if you were talking to somebody, that's like, hey, I want to do my first development or I'm about to do this for my business that they should actually be understanding about the commercial loan process.
00:07:04 David Frew with Bank of Idaho
OK. Yeah, well, I'll have that conversation again, like most weeks. The advice I give somebody that's presenting their case or pitching their loan to a bank is just to be really well prepared and understand the project itself, whether that's a new construction.
00:07:24 David Frew with Bank of Idaho
Having a good relationship with your contractor and your architect to really get an understanding of what the end product is going to look like and be able to voice and share how it's going to benefit your business.
00:07:37 David Frew with Bank of Idaho
So if you're an operating business, an owner operator, being able to demonstrate how that new building or how a move from a lease to owning a building is going to help your business. Yeah, that important.
00:07:53 Greg Croft with Resin Architecture
OK. Like you said, being prepared. What is that like? Is it just like, hey, have your tax documents ready? Like what? What is prepared look like?
00:08:04 David Frew with Bank of Idaho
OK. As far as like on paper, bankers tend to make decisions on paper, right? So on paper, tax re turns are scrutinized a bit. I tend to think of it as the front windshield is the future, and the rear-view mirror is the past. Right? And so the litmus test for a lot of banks is if you were to have this building the last three years, could you have afforded the payment?
00:08:34 David Frew with Bank of Idaho
Sometimes it's a bit of a stretch. Operating businesses say well, yeah, I couldn't have, but my new building has allowed me to increase revenues, increase profitability.
00:08:48 David Frew with Bank of Idaho
Like a doctor, for instance, going from 4 chairs to 8 chairs, bringing on an associate. Be able to put those numbers down on paper. At the end of the day, banks are more cash flow lenders than they are collateral lenders.
00:09:05 Greg Croft with Resin Architecture
OK. So they're looking now at the rear-view mirror and also being able to see, hey, this is what's behind you. But then also looking at some projections in terms of like is that a pro forma, what do you guys like to see in that?
00:09:18 David Frew with Bank of Idaho
Yeah. Yeah, pro forma income statement, where and how you fill a new building might help you with the revenue scores and how it's going to impact your expenses and your profit.
00:09:27 David Frew with Bank of Idaho
There's a few benchmarks in lending. One - just a pretty standardized benchmark in terms of what we measure for cash flow purposes - is whatever your debt obligations are, your debt service, we want cash flows to cover those by... the ratio is usually 1 1/4 times.
00:09:50 David Frew with Bank of Idaho
And so we'll dig into the tax returns and and and see see how that ratio looks. If there's a little bit of wiggle room that you can afford it plus plus some.
00:10:00 Jamee Moulton with Resin Architecture
When's the right time for someone who wants to build a building to come to you? Is it once they have concepts from an architect, or is it before then when they just have an idea?
00:10:12 David Frew with Bank of Idaho
Usually, my favorite relationships as a banker are probably similar to your industry or to a CPA’s: one where you have a consultative relationship, one where you really know people's ideas and how their current decisions may be impacting longer term decisions. A building is a big decision, so maybe even a year or two in advance. Hey, I'm thinking about it.
00:10:40 David Frew with Bank of Idaho
Getting an idea towards what type of a building they might afford, so definitely early. The earlier the better for sure. Yeah. Now that that doesn't mean if somebody sets me, it gives me a set of plans,
00:10:55 David Frew with Bank of Idaho
Gives me their financial statements and says we got some architectural plans here. We're ready to roll. We can roll up our sleeves and do that quickly too.
00:11:05 Jamee Moulton with Resin Architecture
Is the land usually wrapped up into the building or is that usually a separate loan? 00:11:13 David Frew with Bank of Idaho
Yeah, usually what we see is people's down payment, their equity, is they've owned their land for a bit of time. Sometimes it'll be cash where they've saved some money and inject their equity requirement, their 20-25% from cash. But a lot of times it's equity in the land.
00:11:34 Greg Croft with Resin Architecture
Likely they're they probably own the land outright in general, and then architectural plans usually that has some associated value that you guys will lend against as well. Correct?
00:11:45 David Frew with Bank of Idaho
Yeah. So when you order an appraisal, but lenders will base - on a new build - on an as proposed basis. So you shoot your stuff over to an appraiser and they'll give you a value at the end of construction and when it's stabilized. It'll be based on the budget. It'll be on sales comparison approach as well as an income approach. We use that to prescribe how much we'll lend against that collateral against the land and building.
00:12:19 Greg Croft with Resin Architecture
One of the things that you mentioned was that with, you know, a lot of times people might come to you earlier.
00:12:29 Greg Croft with Resin Architecture
They might come to you before they work with an architect. They might come to you after they've worked with an architect. One of the things that we've recently on a couple of projects, we're like, well, we don't actually know if this is a valid [business proposal].
00:12:41 Greg Croft with Resin Architecture
You know from our perspective, we go through and we evaluate whether we want to take on a project based on the client, based on what we feel like they might be able to really do. And so recently we came up with a situation where we weren't... we didn't feel like we were really comfortable with their knowledge and their actual ability to afford a project. How do we... I guess as architects it's not like we would typically say hey we want to work with you, but we want you to work with the bank to validate this before we spend a whole bunch of your money.
00:13:21 Greg Croft with Resin Architecture
But on the same note, if we're telling them that it's almost a little bit offensive to be like, well, of course. 00:13:26 David Frew with Bank of Idaho
A good architect is 6 to 10% of the project. Ish, right? And so that's a pretty, pretty large cost, and it's upfront. And so with good reason, it's good sound advice. I've run into at least a dozen situations where somebody's into an architect and they come and say I've got a great design-build, and they haven't come to me from a loan sizing ability, and they've had to pare it down a bit because they may be a little bit ahead of their skis in terms of cost.
00:14:07 Greg Croft with Resin Architecture
Right. Yeah, that's a good way to say that and you know then it also results in some, you know, hey, we had this building, it was this big, and now you're asking for what we would consider a change order as we reduce that size and part of that 6 to 10% it's not just affecting the architect. As we make a design change, that's affecting the structural engineer and the mechanical engineer, electrical, plumbing, civil - all these different people that most of the time the client doesn't realize is actually involved on the project because we're the ones that typically hire [the consultants].
00:14:43 Greg Croft with Resin Architecture
And so then you end up adding even more cost to a project that now is reducing in size, so that 6 to 10% all of a sudden you know because the project got smaller now is looking at 7 to 12% or something because of these design changes and so. It's almost like we need to be working a little bit tangentially with a lot of different people at the same time.
00:15:09 David Frew with Bank of Idaho
That's that's very good advice to do - I call it loan sizing. Get with your banker, your CPA. Your CPA is going to have a very good understanding as to what lending parameters are for banks, credit unions, anyone does real estate.
00:15:26 David Frew with Bank of Idaho
And they'll give some good, good sound advice too. And then from a from a tax strategy standpoint on the other end, real estate is such a tax strategy. There's so many ways that you can deploy tax strategies to decrease your tax liability, those type of things. So it really is to get a good a good idea to get a banker involved early and your CPA
00:15:49 Greg Croft with Resin Architecture
Can we - I know that this wasn't in our list of questions, but can we talk about some of those tax advantages just from a high level, 30,000 foot view?
00:15:59 David Frew with Bank of Idaho
Yeah, I'm not CPA, but in general like a new construction you can do cost segmentation. 00:16:08 David Frew with Bank of Idaho
It used to be the gap rules would would allow for maybe a 20 or 30 year depreciation schedule, but with a good architectural rendering you can say we have this much in guts. We have electrical, mechanical that has a shorter useful life than the than the structure of the building. We have F&E; we have our fixtures and our equipment. They also have a shorter lifespan, and so you can accelerate depreciation or do cost segments.
00:16:43 David Frew with Bank of Idaho
If you're doing really well and don't want to pay a lot of taxes, you can accelerate what would normally have been, you know, just a straight line amortization and or depreciation schedule and that's been around for probably 15-20 years but used more and more all the time on smaller buildings.
00:17:07 Greg Croft with Resin Architecture
We have some recent - I personally have some recent - we did some cost segregation on a building that my wife and I had purchased, and yeah it's a huge benefit and they actually allow some accelerated depreciation. In 2023, I think it drops to 80% of what will get depreciated over up to 15 years. You can take 80% of that today.
00:17:36 David Frew with Bank of Idaho
If you have a capital gain and you sell something you just had a really flush year, you know, from an income standpoint, you can really plan around it.
00:17:46 Greg Croft with Resin Architecture
Are there other tax benefits besides the cost segregating? 00:17:49 David Frew with Bank of Idaho
Yeah there are. It's interesting. Over 20 years of lending in the commercial real estate realm, I see all of these huge net worths of people, you know, $50, $100 million, $200 million, whatever, you know, really strong net worth.
00:18:04 David Frew with Bank of Idaho
Sometimes and you look at their tax returns in the last three years they've made $200,000 or whatever because of all of the tax strategy for 1031 exchanges rolling into your next project and building equity. And so it's the tax advantages to building net worth without taxes that's been a takeaway for me just from the banking chair and seeing a lot of people really build a lot of wealth without with the - tax basis will come down the road - their kids may have to deal with it, you know? But it's for deferred basis. You can do that too through 1031 exchanges.
00:18:47 Greg Croft with Resin Architecture
Yeah. OK. On the commercial side right now like what are the typical loans? What does the typical loan look like? What are different variants of that that somebody might have today. Let's speak specific to owner occupied new construction.
00:19:09 David Frew with Bank of Idaho
OK, yeah. So owner occupied space typically for new construction banks will be 70% loan to value or maybe 75. Whereas maybe a year, year and a half ago that might have been 75% and 80%, so the constraints are... banks are starting to ratchet down a little bit on loan to value, but 30% equity to 25% equity should get you started with the conventional loan.
00:19:40 David Frew with Bank of Idaho
If you're a growing business and want to preserve your cash to grow and deploy it for short term needs rather than a long-term real estate project, you can utilize either the USDA program or the SBA [Small Business Administration] program or some farm related rural area programs to come in with as little as 10% down.
00:20:01 Greg Croft with Resin Architecture How does that work?
00:20:05 David Frew with Bank of Idaho
Yeah. Yeah. So the SBA has two different loan types. One is where the participating bank, whether it's Bank of Idaho or another bank approves it and then they ask for a government guarantee.
00:20:20 David Frew with Bank of Idaho
And the guarantee is 70% of the proceeds and so banks are are more willing to lend a loan at a higher loan to value than they would normally. So you get an SBA stamp and all of a sudden you can get 90% loan to value. And then there's another type of SBA loan where there is a development company, there's one in Rexburg, one in Pocatello, Twin [Falls], and Boise, and in Coeur d'Alene to where they bundle up a debenture.
00:20:48 David Frew with Bank of Idaho
Bondholders buy it, and they'll take a second lien position to the bank. And so the bank will do 50% of the project. They'll do up to 40% of the project. And you, as the borrower, only come up with 10%.
00:21:04 David Frew with Bank of Idaho
Yeah. And we like it as a bank because after construction they'll fund their debenture and take away, you know, 40% of the project and we're left with the first lien position at 50%. They take a second behind us.
00:21:22 David Frew with Bank of Idaho
And then USDA works fairly similarly. There's a tranche of money that's approved annually through the legislature and those loans you get an 80% guarantee on. And so banks will go higher loan to values on USDA loans.
00:21:42 David Frew with Bank of Idaho
Usually those have a little bit of a lower ceiling though, maybe 80 to 85%. 00:21:50 Jamee Moulton with Resin Architecture
Do you have anything to add about the barriers between first time building or the first time someone develops a building for them being able to get a loan?
00:22:03 David Frew with Bank of Idaho
Typically it's the amount of cash in or if you don't quite have enough equity in your land or your cash constrained to come up with the down payment, that's typically the first barrior.
00:22:22 David Frew with Bank of Idaho
Now a good way around that is maybe through an SBA program. Not only will they allow you to put in 10%, but through one of their loan products if you're a growing business and you can show that you're going to increase your body count in terms of employees and add to the economy. You can provide projections.
00:22:49 David Frew with Bank of Idaho
And say - not if you build it, they will come, but if we build this business, here's how our revenues are going to grow. Here's how our profitability is going to grow and you can loan some on projecte d income. So not having a real good business plan in presenting that is a constraint sometimes too.
00:23:12 Jamee Moulton with Resin Architecture
Those seem like easy to understand hurdles, so they're easy to overcome, hopefully. 00:23:17 David Frew with Bank of Idaho
Yeah, on on the investment real estate side the hurdles right now are interest rates. In our region, we're pretty lucky. So office space, industrial space, retail space - the absorption rates over the last three or four years have meant that occupancy is like 92 to 95%.
00:23:50 David Frew with Bank of Idaho
When you're shopping for an income producing property, you more than likely have an opportunity to increase rents. There's increased pressure in rents, and this is coming at the same time interest rates are going up and so typically loan to values are right around 75%. In most lease income, we'll still support a 75% loan. That is coming down on some property types, but overall here in eastern Idaho investment real estate is, is at fairly normalized percentages.
00:24:26 David Frew with Bank of Idaho
Now you consider nationally that's changed a lot where there's been a lot of office buildings where people are gone. The occupancy rates are going down. And so with interest rates going up and lease rates going down in other markets.
00:24:46 David Frew with Bank of Idaho
They're having to come in with a lot more equity into these properties in order for them to meet that hurdle, that debt coverage hurdle.
00:24:55 Jamee Moulton with Resin Architecture
Do you foresee those circumstances affecting our region in the future? 00:25:00 David Frew with Bank of Idaho
We're somewhat insulated. I think the dot-com bubble and the 2008-2007 bubble, we were a little bit insulated here. I still feel like we have some insulation there. We do have some large kind of national firms that have, you know, leases and such.
00:25:24 David Frew with Bank of Idaho
Overall, I I think we're as good as place as any, but yes we are. We have some exposure to that and there was a lot of... usually commercial real estate loans have probably a five year reprice on the rate. So stuff that was booked in 2018 is now repricing on their loans and what was probably a 4 ½% rate at the time is now a 7 1/4% rate.
00:25:54 David Frew with Bank of Idaho
You could imagine that being the case in a market where you're maybe having to make some concessions on rate on your lease space at the same time. So nationally the crap hasn't hit the fan yet, but there's a lot of potential for some real problems nationally. It could roll into here.
00:26:18 Greg Croft with Resin Architecture
I didn't think about the fact that they would have to be, you know, re upping those commercial loans and the impact that that would have. I mean they would be refinancing too, and they would have decreased the amount that they owe. So hopefully it's generally that would have been a hopefully a good situation where it's like great, we get a reprice.
00:26:38 Greg Croft with Resin Architecture
And we've got a lower overall loan amount, but in this case it might be like, yeah, we're paying a little bit more for a smaller loan now.
00:26:45 David Frew with Bank of Idaho
What was maybe a 20 year loan 5 years ago is now you have 15 left to pay. You can as a banker, refresh and do another 20-year loan to kind of reduce the payment a little bit to absorb some of that.
00:27:00 Greg Croft with Resin Architecture
And are you guys seeing that a little bit where people are saying, hey, we're going to reset that 20-year loan again to keep things a little bit more manageable.
00:27:10 David Frew with Bank of Idaho
Yeah, not not too much again around here because tenants are having to pay more for their space. But I have seen where the interest rate is going to adjust and they do want to reduce their overall payment. So they'll say, hey, let's re-amortize this loan and refinance it.
00:27:34 Greg Croft with Resin Architecture
How has your experience been working with commercial lending influenced your perspective on the real estate market in general. You're 20 years in. You kind of talked about it.
00:27:46 David Frew with Bank of Idaho
I've mentioned a couple of things. I'm like the plumber that doesn't do his own stuff right at home. I help all these people build wealth through real estate, but I haven't done any. It's good thing that you're doing that. That's good. But I have first hand seen not that people are necessarily crazy smart, but just with a disciplined approach to commercial real estate have created passive income. Yeah, you know, passive income provides a lot of business owners... I watch give their lifeblood to their business, their employees. I mean it's a 24/7. I work with a lot, a lot of those. And the ones that own the real estate seem to recognize that at the end of this, I can keep my building, lease it out, and have some passive income at the end of it. So that would be one of the things that I've learned.
00:28:45 David Frew with Bank of Idaho
The position allows you to work with the doers in the community, the people are taking the risks, starting their own businesses. You learn a lot of just good things from people like that in the community, so those are some of the things I really like about the job
00:29:01 Greg Croft with Resin Architecture
In 20 years you've probably seen some of the people that are kind of hitting the end of that where it's like, hey, I was the business owner for so many years and now they're hitting that retirement age, but they still own the buildings. Like what is your view on kind of those guys?
00:29:17 David Frew with Bank of Idaho
Yeah, just today I was having a conversation with a CPA. They represented the wholesale distributor into the construction industry. They sell product and they're baby boomers’ age and there's a ton of baby boomers, right. And so the folks that are buying their business are interested in the real estate and they said no, we just want to keep on to that.
00:29:43 David Frew with Bank of Idaho
That helps them maintain their lifestyle, right? And so they're getting $8 grand a month from their lease payment on the real estate from the tenant and that allows them, you know pretty good income.
00:29:57 Greg Croft with Resin Architecture
Right. And then and then they don't get hit with the you know the expense of the taxes on that sale as well?
00:30:07 David Frew with Bank of Idaho
Yeah, that's right. Yeah, their basis is down so far because of their depreciation that if they were to sell it, they'd have a big tax implication. Yeah, we see both ways. We see a lot of businesses trading hands too in the US, I think it's many trillions of dollars that are going to be passing from baby boomers that are just done with their businesses and then are looking for succession planning. So there's a large opportunity there for people that are going to buy a business to maybe get in over the next over the last couple of years or the next several years learn the business. A lot of businesses are trading hands and projected to. That's the space that our bank plays in pretty heavily mergers and acquisitions through SBA loans.
00:30:58 Greg Croft with Resin Architecture
And on those a lot of times or you know what percentage of the time is the actual physical building going with that?
00:31:09 David Frew with Bank of Idaho I'd say probably 25 percent, 20 to 25%.
00:31:09 Greg Croft with Resin Architecture
So 75% of the time either the owner of the business doesn't actually own the real e state or they're keeping it and using it back, OK.
00:31:19 David Frew with Bank of Idaho Or they keep it.
00:31:22 Jamee Moulton with Resin Architecture
Well, we always like to ask about your one take away. What is the one piece of advice that you would give to someone who is going to build their first building?
00:31:36 David Frew with Bank of Idaho
I would say don't be afraid about it. Really, you know, look at it. Work with the professionals that can help you make an educated decision, but that would be your architect and ensure whether it's a design build, your banker or your CPA, maybe your attorney.
00:32:00 David Frew with Bank of Idaho
Over the years in 20 years, I've done a lot of lease versus own comparables and when you consider just kind of normalized appreciation whether that's 4% or 5 or 6% in terms of real estate including the tax benefits of being able to expense your own interest and then do some other tax strategies around depreciation.
00:32:33 David Frew with Bank of Idaho
Lease versus rent it really makes sense to kind of own your own space. It does. I don't know if that will always be the case there. There's some tax law that may change, but I would say definitely look into it.
00:32:48 Greg Croft with Resin Architecture
Well, we really appreciate you coming out and if anybody wants to reach out to you, what would be a good form of contact?
00:32:50 David Frew with Bank of Idaho
Thanks for thanks for letting to see this. My e-mail is davidfrew@bankofidaho.net. Just shoot me an e- mail, and I'd love to help them in whatever capacity I can.
00:33:15 Greg Croft with Resin Architecture Well, awesome. Thank you.
00:33:19 Greg Croft with Resin Architecture
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00:33:32 Jamee Moulton with Resin Architecture
Remember, at Resin Architecture we are dedicated to teaching and learning and are committed to helping business owners like you navigate the exciting journey of building. Stay tuned for mo re episodes where we'll continue to bring you engaging conversations, expert insights , and actionable advice to fuel your real estate aspirations.
