SBA Issues Procedural Notice that may affect your loan The link will take you to SBA document https://cdn.ymaws.com/www.naggl.org/resource/resmgr/policynotices_2021/5000-20095_Adjustment_to_Num.pdf The most important piece is below: New Loans Approved Beginning on February 1, 2021 and Ending on September 30, 2021 For a new 7(a) loan, 504 loan, or Microloan approved during the period beginning on February 1, 2021 […]

Commercial Equity Loan! You know the situation…..client owns a property that cash flows nicely and has appreciated in value but it has a HUGE pre-payment on it like Defeasance or Yield Maintenance. You don’t want to sell it yet and the large pre-payment penalty prohibits you from refinancing. What do you do? How about tapping […]

What’s Closing Now! Private Commercial Loans Closes in 30 Days or Less! One loan came to me 15 days ago, needing to close by month-end, the borrower was a super-strong borrower but banks would not be able to get him closed in time.  We are going to get him done by month-end with private commercial […]