Tag Archives: SBA 504

The 4 Most Common Commercial Mortgage Mistakes-Mistake 4

Posted on June 4, 2011 by chris

Mistake #4: Loving the deal and ignoring common sense. The Bible says, “Pride goes   before the fall”. I have seen people try to buy a piece of property and lender after lender turns it down because the value is not … Continue reading →

Posted in Commercial Real Estate, Hotel Financing, Interest Rates, investor financing, Real Estate News, SBA 504, SBA 7A | Tagged , , , , , , , , , , , , , | Leave a comment

UNDERSTANDING COMMERCIAL MORTGAGES-THE WHAT

Posted on May 23, 2011 by chris

WHAT? What takes commercial deals so much longer than residential loans to close? Rare is the commercial loan that closes in less than 1 month and the rate for those quick-close deals is much higher. Small commercial loans will usually … Continue reading →

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The 4 Most Common Commercial Mortgage Mistakes-Mistake 2

Posted on May 21, 2011 by chris

Mistake #2: Thinking only rate, rate, rate! The lowest interest rate is NOT necessarily the best deal for commercial property. Amortization is just as important. Amortization is the length of time the payment will be factored over, the longer the … Continue reading →

Posted in Commercial Real Estate, Interest Rates, investor financing, Multi Family, Real Estate News, SBA 504, SBA 7A | Tagged , , , , , , , , , , , , | Leave a comment

The New SBA 504 Refinancing Program May Be Just What You Need

Posted on April 20, 2011 by chris

Refinance Checklist: Was the debt(s) to be refinanced substantially (85% or more) used for eligible 504 purposes? Has the borrower been current (no payment deferrals or past dues of more than 30 days) on the note(s) for the past 12 … Continue reading →

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In-House Lending Product- SBA 504 and Conventional

Posted on April 8, 2011 by chris

  Product Highlights Owner Occupied Specialists, Most Commercial Property Types Considered, Competitive Rates & Unique Terms, No Population Minimums, No Balloon Payments, No Prepayment Penalty Lock-Outs, No Yield Maintenance Product Niche Conventional & SBA 504 Purchase Financing , Rate & … Continue reading →

Posted in Cash Out, Commercial Real Estate, investor financing, SBA 504, small Business | Tagged , , , , | Leave a comment

$850,000 Mixed Use Purchase-SBA 504 Loan

Posted on March 28, 2011 by chris

Where: San Francisco, CA Type:  This was the purchase of a building and land by the Restaurant that occupied it.  Typically a simple 504 transaction however this deal had some wrinkles-what deal doesn’t today?  The first was that the father … Continue reading →

Posted in Christopher Hills, Closings, Commercial Real Estate, SBA 504 | Tagged , , , , | Leave a comment

More Great News! SBA (504) Ref Loan

Posted on March 10, 2011 by chris

Under the recent Small Business Jobs Act $15 billion is now available for debt refinance under the 504 program.  It took a while for the SBA to implement it but the regs are now out.  This is huge for those doing … Continue reading →

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Details on the new SBA 504 refinance program

Posted on March 5, 2011 by chris

Some of the program parameters are as follows: The small business must have a mortgage loan that comes due for renewal on or before December 31, 2012 The first mortgage loan and the 504 loan combined cannot be more than 90% … Continue reading →

Posted in Cash Out, Christopher Hills, Commercial Real Estate, SBA 504, SBA 7A, small Business | Tagged , , , , , , | Leave a comment

$1,000,000 Retail Cash-Out Refinance

Posted on February 4, 2011 by chris

Where: New York Not going to believe this one!! This one could not go with conventional lending due to the fact that the borrower was put on a cash basis with his vendors and was months behind on paying them. We … Continue reading →

Posted in Cash Out, Christopher Hills, Closings, Commercial Real Estate, SBA 504, SBA 7A, small Business | Tagged , , , , , , | Leave a comment

100% Commercial Financing for Professionals

Posted on February 2, 2011 by chris

100% Commercial Financing for Professionals Professions: Doctors, Lawyers, Accountants, Veterinarians, Engineers, Architect,s Optometrists, Dentists Loan Types: Floating rate (NYP) and fixed rates No balloons, calls, or renewals. Loan Proceeds: Acquisition, Refinance, Construction. Related expenses can be included Guarantees: Personal Guarantees … Continue reading →

Posted in Active Rain, Christopher Hills, SBA 504, SBA 7A, Self Directed IRA, small Business | Tagged , , , , , , , | Leave a comment