Not Your Average Financial Podcast™

Think different about your money, your economy and your future. Be curious. Be stable. Be sane.

Episode 163: Why Banks Need Insurance Companies with Kevin Greer

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In this episode, we ask:

  • Would you like to be the owner?
  • What about assets?
  • Who is Kevin Greer?
  • Who works with Kevin?
  • What’s the craziest thing Kevin’s seen?
  • What about families inheriting properties?
  • What about estates and life insurance death benefits?
  • How does Kevin acquire properties for BankFinancial?
  • What’s the big difference for a smaller bank?
  • Who is the target market?
  • Why does it make sense to work with a community bank?
  • How does cash value life insurance factor into net worth calculations?
  • What does Kevin see on the balance sheets?
  • What about term insurance?
  • What is a future asset vs. current asset?
  • What about liquidation situations?
  • What are capital markets?
  • What are BankFinancial’s sweet spot?
  • What is a recourse loan?
  • How does one personally guarantee a loan?
  • What is it like, as a bank, borrowing from life insurance companies?
  • What kind of loans do life insurance companies want?
  • What are the companies looking for?
  • How might you, as an owner in a mutual life insurance company, participate in these deals?
  • What about cash flow?
  • What about yield?
  • What about private lending (sort of like hard money lending)?
  • How does Kevin help private lenders?
  • How did Kevin discover his passion for this work?
  • Would you like to talk with Kevin?
  • What are the takeaways?
  • What is a current asset? What is a future asset?

Note the disclaimer: The topics presented in this podcast are for general information only and not for the purposes of providing legal, accounting or investing advice. On such matters, please consult a professional who knows your specific situation.

Kevin Greer, a commercial and multifamily real estate specialist for BankFinancial, has over 25 years experience lending and has closed over $100 million in real estate financing transactions.

Kevin participated on bank REO committees and REO disposition teams. In addition, Kevin has personally bought and sold several real estate properties over the past 15 years.