Legal fees to close commercial real estate loans can be expensive. The borrower pays for the lender’s attorney fees and the fees charged by the borrower’s attorney. Legal fees for CMBS conduit loans can be expensive since all CMBS conduit loans are non-recourse, and the loan documents are more … [Read more...] about 3.15.19: An Experienced CMBS Closing Attorney Can Save You Money
On May 31, the Small Business Administration (SBA) will run out of money for the breaks that revitalized its lending programs. The Economic Stimulus Bill that passed in February 2009 increased the government guarantee on the SBA’s flagship 7(a) loans to 90% (up from the typical 75%) and reduced fees … [Read more...] about 5.31.10: SBA 7(a) Stimulus Money Runs Out Again
Karen McDonnell, Business Program Specialist for the N.Y. office of the USDA, reports that although the USDA B&I loan guarantee program has officially run out of stimulus money, an allocation of stimulus money will be available for applications received during the week of June 7, 2010. Ms. … [Read more...] about 5.26.10: But the USDA B&I Program Has Stimulus Money — for One Week Only!