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Chapter News

ZOOM MEETING RECORDINGS

What's Happening at the Nashville International Airport - September 10, 2020

If you missed the Zoom event, you can watch the recorded webinar here: Meeting Recording
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Lunch & Learn: Economic Outlook post COVID-19 Presented by Nashville Area Chamber of Commerce - August 13, 2020

If you missed the Zoom event, you can watch the recorded webinar here: Meeting Recording
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Economic Update for Commercial Real Estate Professionals:
Region 4 and 6 – Webinar Recording - June 9, 2020

If you missed the Economic Update for Commercial Real Estate Professionals: Region 4 and 6, presented by CCIM Institute's Chief Economist, KC Conway,  you can access the recording and accompanying presentation here: WATCH HERE / DOWNLOAD PRESENTATION HERE
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Legal Panel Discussion: Impacts of COVID-19 - May 7, 2020
If you missed the Zoom event, you can watch the recorded webinar here: Meeting Recording
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Nashville: Current State of the Market - Presented by CoStar - May 4, 2020
If you missed the Zoom event, you can watch the recorded webinar here:  Meeting Recording
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Navigating the Current Market Conditions - April 23, 2020
If you missed the Zoom event, Navigating the Current Market Conditions, a panel discussion with veteran CCIMs yesterday you can listen to a recording of the event in the link below.  Thank you to Moderator, JP Lowe, CCIM and Panelists Scott Andrews, CCIM, Holly Buchanan, CCIM, Shane Douglas, CCIM, Brian Forrester, CCIM, Sharon Greaves, CCIM and Allen McDonald, CCIM for your time and insight!  Meeting Recording
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April 23, 2020 - 

SBA & Treasury Issue Important New PPP Loan Guidance; Puts Borrowers on Notice of “Good Faith” Need for PPP Loans

New guidance from the U.S. Small Business Administration (SBA) and Department of the Treasury puts Paycheck Protection Program (PPP) borrowers and potential borrowers on notice that they should be able to prove in “good faith” that “[c]current economic uncertainty makes this loan request necessary to support [their] ongoing operations” to be eligible for the loan. The guidance specifically uses the example that it would be “unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith, and such a company should be prepared to demonstrate [emphasis added] to SBA, upon request, the basis for its certification.” This appears to be a warning to PPP borrowers of the possibility of federal audits and investigations to come. The guidance goes on to state that any “borrower that applied for a PPP loan prior to the issuance of this guidance and repays the loan in full by May 7, 2020 will be deemed by SBA to have made the required certification in good faith.”  For more information, see question #31 of the guidance(link is external) found here.

Excerpt from SBA Statement issued 4/24/2020; Question #31:

 As of April 24, 2020

PAYCHECK PROTECTION PROGRAM LOANS Frequently Asked Questions (FAQs)

The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act).  This document will be updated on a regular basis.

 Borrowers and lenders may rely on the guidance provided in this document as SBA’s interpretation of the CARES Act and of the Paycheck Protection Program Interim Final Rules (“PPP Interim Final Rules”) (link).  The U.S. government will not challenge lender PPP actions that conform to this guidance,1 and to the PPP Interim Final Rules and any subsequent rulemaking in effect at the time.

Question:  Do businesses owned by large companies with adequate sources of liquidity to support the business’s ongoing operations qualify for a PPP loan?

 Answer:  In addition to reviewing applicable affiliation rules to determine eligibility, all borrowers must assess their economic need for a PPP loan under the standard established by the CARES Act and the PPP regulations at the time of the loan application.  Although the CARES Act suspends the ordinary requirement that borrowers must be unable to obtain credit elsewhere (as defined in section 3(h) of the Small Business Act), borrowers still must certify in good faith that their PPP loan request is necessary.  Specifically, before submitting a PPP application, all borrowers should review carefully the required certification that “current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.”  Borrowers must make this certification in good faith, taking into account their current business activity and their ability to access other sources of liquidity sufficient to support their ongoing operations in a manner that is not significantly detrimental to the business.  For example, it is unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith, and such a company should be prepared to demonstrate to SBA, upon request, the basis for its certification. 

 Lenders may rely on a borrower’s certification regarding the necessity of the loan request.  Any borrower that applied for a PPP loan prior to the issuance of this guidance and repays the loan in full by May 7, 2020 will be deemed by SBA to have made the required certification in good faith.

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April 17, 2020 - 
Congratulations to the Middle Tennessee CCIM Chapter for being awarded 2nd Place winner of the 2019 President's Cup in Tier 2 during the Institute's midyear governance meetings last week. Thank you to the 2019 Board, JP Lowe, CCIM, 2019 President, Brian Forrester, CCIM, 2020 President, Angela Heering, CCIM, 2020 President Elect and Allen Bolden, CCIM, Treasurer, for your leadership and to all 2019 chapter members for making 2019 a fantastic year!

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About CCIM Middle Tennessee Chapter

The Middle Tennessee Chapter is the local liaison and host for the Certified Commercial Investment Member (CCIM) National Institute. Our members are among the most educated and experienced commercial real estate professionals in the State of Tennessee. The Middle Tennessee CCIM Chapter provides networking, education and technology opportunities for local commercial real estate professionals and entities. Our offerings are open to all companies and individuals associated with commercial real estate.


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