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Pictures
from the Past
Pictures from the Past---2002----Charlie Lester and LPI LPI Office: 3535
Roswell Road Suite 53 Marietta, Georgia “LPI Financial Services, Inc. has been serving the financing
needs of medical professionals since 1986. We changed our name from
Lease Pro, Inc. to LPI Financial Services in 1999 so that our name would
better describe changes that include our exclusive working capital loan
program.”
LPI Staff (left to
right: Barbara Willingham, Kurt Hess, Don Dennigmann, Audrey Jinks,
Ali Porterfield, Krisen Meers, Kay Smith, Jon Hall, Charlie Lester “Over $40,000,000 funded thus far. In 2003 we are expanding this program to include not only
medical professionals but licensed CPA’s, Attorneys and Architects. “We do start-up medical practices. “We do in-home businesses. “We will consider applicants that have been bankrupt (discharged
over 5 years ago). “*One of our recent Tier I approvals was for $600,000 as
a combo working capital loan and equipment lease for 3 orthopedic surgeons
opening a second location. How about a $150,000 debt consolidation loan
for a dentist with 11 high interest credit cards? “Tier II Update: “Doing deals that can’t be done anywhere else. “Working capital, debt consolidation, practice acquisition
loans and leases for medical professionals only. “Higher rates than Tier I but more flexibility for the “storied”
deal. Beacon score of 600 or better required with tax returns and
PFS. 84 month terms only. “Structured transactions will allow you to close more deals
without having to originate more deals! “*Tier II fundings include a loan for a doctor to pay off
4 credit cards totaling $93,979 plus the cash to update his practice.
Another recent funding included $264,000 in loans and leases for two
start-up M.D.’s moving to another state.” Leasing News Senior Advisory Charlie Lester was the “color
man” for the National Association of Leasing Broker Conference
in Illinois the past weekend. His
comments: “NAELB
DOES ITSELF PROUD!!! Despite a Code Orange, a country at war, bad weather
and a poor economy, the NAELB Chicago conference was excellent. After
spending 45 minutes in the auto search line getting into the Atlanta
Airport and finding the flight would be delayed up to 2 hours, the thought
of going to cold Chicago in late March made me wonder if it would be
worth all the hassle. I finally made it and it was well worth the effort
and more. As a matter of fact, my return ticket was for late Saturday,
but I stayed until Sunday since I thought the entire program was the
best I have seen in years. There were two sessions I still wanted to
attend plus I had to see the hilarious CSI--Marina Del Rey revisited
skit at lunch. This skit proved that acting ability is not required
of NAELB officers, but sheer guts are. Maybe Bob Bell or Mike Meacher
could forward a copy of the script to Leasing News and also explain
Mike's mysterious sex change operation since the original skit last
year. That got your attention--right?? Now, you have to attend the next
conference to see for yourself. “Both
Gerry Egan and Bob Bell congratulated the NAELB members and applauded
them as the real "survivors" in the industry. "Survivor"
was the key word heard over and over again from an enthusiastic group
that talked of seeing up spikes, up trends and seeing better credits
for a change. The meeting theme of "Networking for Prosperity"
was well chosen and lived up to by Shari Lipski and her "large
committee" that planned and executed the meeting flawlessly with
the one exception that no one on her committee thought to check out.
I don't understand why they did not realize that geese mating at 4:30
in the morning would wake up everyone that had a lake front room. Eleven
of us have volunteered to go back during hunting season to get even. “Observations: From the sign up sheets, it looked like the
funders had a full schedule and several exhibitors had worthwhile deals
for NAELB members ONLY. We certainly will check out two of these exhibitor
offerings next week to see if they work as well as advertised. Last,
but not least, the Educational
Workshops actually taught something worthwhile. I was lazy and did not
attend all the sessions, but Tom Dyer, Bob Teichman, Dwight Galloway
(multiple sessions), Joe Bonanno, Rick Wilbur and the very old "Gerald"
Oestreich did great jobs in the ones I did attend. Of course, Barry
Marks held his own during the broker/funder reps and warrants session.
“If
this article seems biased in favor of the NAELB, it may be since I am
happy to have been a charter member and watch NAELB grow and support
its original goal of being an association of brokers, by brokers, for
brokers and the funding sources they choose to work with. To the Chicago
conference--you done good and thanks. To other charter members, please
send me an email at clester@lpifinancial.com and maybe we will do the
conference one year just to show the kids we can teach them even if
we do it on 12-C's which is the limit of our expertise.” Charlie Lester
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