The SBA 7(a) loan guarantee program allows commercial banks to make loans on owner-occupied commercial real estate that would otherwise be considered too risky. Hotels are considered particularly risky by many commercial banks. Most limited service hotels are owner-operated and qualify for SBA … [Read more...] about 5.7.19: ValueXpress Refinancing SBA 7(a) Hotel Loans with CMBS Loans
The Small Business Administration (SBA) will allow more businesses to refinance their commercial real estate mortgages through its 504 loan program. The SBA initially restricted this new refinancing option to small businesses that faced balloon payments on their mortgages before December 31, 2012. … [Read more...] about 3.29.11: SBA Opens 504 Refinancing to More Firms
The SBA's 504 refinancing program has finally been implemented. It gives owner-user commercial real estate owners with existing mortgage loans facing imminent loan maturity or balloon payments the opportunity to refinance with a government-guaranteed SBA 504 loan. Some of the program parameters are … [Read more...] about 2.18.11: SBA 504 Refinancing Is Official!