By Ken Altena, Partner, Billboard Loans, LLC. Did you know that in 1977 a bank almost put Lamar Advertising out of business? Here’s Keven Reilly Sr. quoted in Signs of Opportunity: How Lamar Advertising grew into the biggest billboard business in America. In the spring of 1977…I received an emergency phone call […]
Miscellaneous
Ken Altena on the Difference Between Banks and Private Lenders.
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. Ken Altena How did you join Billboard Loans When I told Dave Westburg, who has been a colleague, friend and client for over […]
Billboard Loans Three Approves new loan for South Carolina out of home company.
Billboard Loans Fund Three has approved a new $495,000 loan to a South Carolina out of home company to finance the construction of three double-sided 10.5′ by 36″ billboards on I-26. There will initially be one digital and 5 static faces. The structures will be engineered to accomodate digital on […]
Billboard Loans Fund Three targets out of home loans and investments of $1 million and less.
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 […]
The Pros and Cons of Equipment Leasing
Many of you got your start leasing your billboards from Courtesy Finance. Courtesy is no longer around but companies like Geneva Capital write equipment leases. Here are the pros and cons of equipment leases. Pros of Equipment Leasing 100% financing. Because leasing companies understand equipment they will often lend 100% […]
New Billboard Insider website is launched.
Today marks the launch of Billboard Insider (www.billboardinsider.com) a website devoted to news and analysis of the billboard and digital sign business. The online magazine will fill the void in outdoor industry specific news and analysis caused by the demise of Outdoor Magazine and Out of Home Advertising. Billboard Insider […]
Four Things Your Outdoor Advertising Website Needs
I review lots of outdoor websites, and the best sites have at least four things in common. 1. Contact Information: A good website should give an email address, phone number, and physical address for the company. Contact forms are used by a number of sites, but though they offer convenience, they lack the […]
How Do You Power a Sign Without Power?
One of our clients owns a billboard in an area without power, where it would cost $11,000 just to bring power in to the sign. His solution was to use solar energy. He put together a system using regular 95 watt LED lights, two 6-volt batteries, and two solar panels. […]
Is Landmark Dividend a Threat?
Several of our clients have been asking us about Landmark Dividend. Landmark Dividend (https://www.landmarkdividend.com/) and its public subsidiary Landmark Infrastructure Partners (http://www.landmarkmlp.com/index.html), focus on acquiring ground leases for billboards, towers, and wind turbines. Landmark is aggressively seeking to purchase billboard leases from land owners for typically 8-10 times annual lease […]
Welcome to the Billboard Loans Blog
Welcome to the billboard loans blog. I have been blogging on the billboard industry since August 2013 using a google blogger site. I am going to migrate my blog to this website in connection with the conversion of our website to wordpress. I will be transferring and updating my earlier […]
