Hotel properties located in cold climates or resort areas can have revenue that is seasonal. Most of the revenue is generated in three seasons of the year and little or no revenue is generated in the fourth season. But the mortgage payment is due every month. How does an owner prepare for mortgage … [Read more...] about 4.15.19: How Do Seasonality Reserves Work in CMBS?
In 2009 and 2010, the SBA provided notice that it was increasing its level of supervision over certain higher risk SBA lenders that participate in the secondary market. Specifically, the notices covered all SBA lenders that seek to sell loans into the secondary market and are subject to (1) a Cease … [Read more...] about 4.15.11: SBA Requiring Reserves for Certain Lenders Selling Loans in the Secondary Market