I am an investment banker based in Toronto Canada primarily helping private business owners sell their companies. Mergers & acquisitions is my day to day focus and I love it! I used to work in the commercial lending space for a large Canadian bank. I started this channel to help young professionals and business owners learn more about the M&A and commercial lending markets to better themselves and ensure that they can succeed.
Please visit my website at www.financekid.ca/ for the commercial banking interview guide and more details about my channel & background.
If you have any questions or would like to learn more about my Canadian M&A services, please reach out through LinkedIn or email at financeekid@gmail.com
Thanks so much for the video you made on the commercial banking interview. Truely, there is no material online for Commercial banking interview. I am happy to let you know I aced my interview a year ago, needed to provide my feedback.
I am super happy to hear! We have sold hundreds of guides now and the feedback has been great, congrats and good luck with your commercial banking career!
hi mr. financekid sir. any chance we could see or be directed towards the quality of earnings video? trying to look for it when it was mentioned in timestamp 16:38. truly appreciate your video. ton on value for sure sir.
I started watching your videos and indeed its extremely informative and helpful🎉. Thank you for sharing your knowledge and expertise and experience. More power. I even followed you in linkedin🥂🥂
I just found your page as I had just started a job as a Commercial Loan Support Specialist from being a Bank Teller. I’ve been so lost couldn’t keep up with all the new information at my new job. Your videos have been a god send and I’m so glad I found you! Thank you!
Your video helped me understand these 3 statements and also the flow in which this statement must be analyzed... I am from a technical background (Non-finance) hence this is hard for me to understand these 3 statements and how they are linked ... Anyhow your explanation helped me a lot ... Thanks
I appreciate your video. I am Starting as a SBA Commercial lending officer in a couple weeks. I need some advice and videos that will help me get on top and stay on top.
Many real estate mentors and coaches erroneously teach their students to acquire control with a Lease with Option and then "resell" the property to a tenant-buyer with another Lease with Option, i.e., a Sandwich Lease Option. The problem is that the student in the middle of the sandwich has *NO EQUITABLE INTEREST* in the real property, and therefore cannot grant an option to buy the real property. An _unexercised option contract_ has *NO EQUITABLE INTEREST* in the subject asset, as concluded by many court cases, including the US Bankruptcy Court. This is a consequence of the *Doctrine of Equitable Conversion.* The _unexercised option_ is merely a realty contract that compels the Optionor to keep open an offer to sell for a specific price and payment terms for a specific timeframe. When the option is exercised, by countersigning its attached *Purchase and Sale Agreement* (PSA), with all contingencies removed or satisfied, then the equitable conversion applies to exchange the seller's equitable interest in the real property for the buyer's equitable interest in the notes and good funds as specified in the *Purchase and Sale Agreement* (PSA), signed and notarized only by the owners of record, that is attached to the option contract. Therefore, the sandwich lease-option will cause tremendous legal and financial problems for you when the owner or the tenant-buyer files a lawsuit against the you for illegally granting an option to buy an asset that you don't own. *The solution is quite simple: Grant an option to buy an asset that you already own, which is your option contract with the seller.* An *option to buy an option* is a personalty option contract that grants to the Optionee the right to buy the Optionor's realty option contract with the seller. At exercise, by countersigning (in the presence of the closing agent) the attached assignment agreement as the Assignee, the Assignee now owns the realty Option as the Optionee with the seller and can exercise that option to buy the property from the seller. In Illinois, the structure is a little different. Instead of an assignment agreement attached to the personalty option contract, the personalty option has an attached realty option signed & notarized ONLY by its Optionor (property owner). The personalty option is exercised (in the presence of the closing agent) by its then-current Optionee countersigning the realty option as the Optionee (property buyer). The realty option is now an executory contract with original signatories to that option, which may be exercised by countersigning its attached non-contingent Purchase and Sale Agreement to become executory status to complete the purchase. The personalty option is not covered by the Illinois statutes for real estate licensing for assigning realty options and realty purchase contracts. Therefore, no real estate license is needed to assign personalty contracts. The realty option and realty purchase contracts do not legally exist until they are fully signed and countersigned. I am not an attorney, so don't believe anything I just said; legal information is NOT legal advice. Always ask your attorney to review your documents for legal compliance and efficacy for your situation. Real Estate Option Contract Basics ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-pbqEFVlN3T4.html The Legality of Sandwich Lease Options - USA ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-cHLYxQfBXRM.html
I notice in all of your calculations the buyer expects the net debt to be cleared as part of the buy out. Would this be true for mortgages where the business is so far repaying on time and able to afford and if not how would you adjust for such a liability on the balance sheet or would you for sure build the outstanding mortgage value into the valuation and ensure it is paid once the sale is confirmed? Thanks
Thank you for your sharing. Many useful. I’m working in Project Finance department but have never seen termsheet structuring for M&A financing before. Many thanks!!
Weird, I found a nominal of 1,377$ as Annual Saving. I used a different approach using nominal amounts... Due to inflation, the car cost 15,918$, and savings will be 11,576$, thus need to pay 4,342$ in 3 years. Then I use FVIFA=4,342$, K=5% (assuming I reinvest savings as I get them) which give me 1,377$ saving needed per month. Which to me mean that every year, I will need 1,377$ saved from my paycheck. EDIT: Ok so this is 1,377$ nominal. Which is indeed equivalent to 1,325$ constant. You come back to 1,325$ by discounting inflation on 4,342$, then you end up with 4,092$ as in the video. The 1,325$ of the video is very confusing, because this is in constant dollar term. An annuity is generally talked in nominal term...
bro wtf, i cant believe im only just stumbling on this channel. you are doing gods work man, I dunno where you are now but I hope its somewhere with a large house and with a lot of money. you did not have to do all this and you did. God will bless you bro
