On September 24, SBA released SOP 50 10 5(F) to the SBA lending community. This SOP (Standard Operating Procedure), effective on January 1, 2014, contains several significant changes to SBA’s requirements in connection with its loan programs. Many of the revisions reflect a continuation of SBA’s … [Read more...] about 9.24.13: SBA Releases SOP 50 10 5(F) Lending Guidelines
4.19.12: Lending Rebound Bolstering CMBS Pipeline
According to Commercial Mortgage Alert (CMA), commercial MBS issuance is picking up steam. After a slow first quarter, volume is now on track to reach $20 billion by midyear. That would surpass the $17.1 billion of activity in last year’s first half and put the sector on pace to exceed the … [Read more...] about 4.19.12: Lending Rebound Bolstering CMBS Pipeline
12.7.10: Self-Storage Presents an SBA Lending Opportunity
SBA loan guidelines were changed recently to allow self-storage, mini-storage and mini-warehouse businesses as an eligible business type. Previously self-storage facilities were only eligible if more than 50% of the business revenue came from sources other than monthly rents. The new SBA guidelines … [Read more...] about 12.7.10: Self-Storage Presents an SBA Lending Opportunity
9.23.10: Country Bank Ramps Up SBA Lending
Country Bank, a $450-million community bank based in New York City, has appointed Tim Moffett, Vice President, to lead its expanding SBA loan platform. Moffett has worked in Country Bank’s lending area for six years. The appointment was spurred by the bank’s increased participation in … [Read more...] about 9.23.10: Country Bank Ramps Up SBA Lending
8.13.10: Business Owners Struggle as Lending Bill Stalls*
Rich Balka is hungry for capital. The Trenton, NJ entrepreneur whose company makes specialty rubber products, says he needs the money to buy raw materials, pay his workers and weather the last stretch of the recession. Balka’s sales fell 30% last year, forcing him to lay off one-third of his staff … [Read more...] about 8.13.10: Business Owners Struggle as Lending Bill Stalls*
5.14.10: What’s Hot in Commercial Lending
Mortgage brokers should focus on key loan programs if they want to make money in the current credit environment. “I am regularly asked by mortgage brokers, borrowers and bankers to provide guidance on what type of loans can get closed in the current tight credit environment,” said Michael D. Sneden, … [Read more...] about 5.14.10: What’s Hot in Commercial Lending
4.23.10: Morgan Stanley to Resume CMBS Lending
According to Commercial Mortgage Alert, Morgan Stanley is getting back in the game. The bank, which was the dominant bookrunner of commercial MBS transactions through much of the 2000s, disbanded its real estate origination group in 2008 after the market crashed. The buzz is that Morgan Stanley has … [Read more...] about 4.23.10: Morgan Stanley to Resume CMBS Lending
2.5.10: Fourth-Quarter 2009 Lending Market Review
Fourth-quarter 2009 saw an improved lending environment. Each of the following had a positive effect in the market that should lead to more commercial lending in 2010: CMBS securities prices continued to climb on existing senior investment-grade CMBS, reducing investor yields. Prices for older … [Read more...] about 2.5.10: Fourth-Quarter 2009 Lending Market Review