cc: by: https://flic.kr/p/22MByYo Deal of the Week! $2.4 Million Horizontal Construction Loan-Residential Subdivision Location: Idaho Type – Borrower was a solid builder that had the financing in place to build the homes, (“vertical”), but needed money to run the pipes, sewer, etc. out to the property (“horizontal”). He started with his own funds, but was short […]
Tired of Your SBA Loan 7(a) Variable Rate Adjusting?
cc: by: https://flic.kr/p/22MByYo The Federal Reserve has been steadily raising rates over the last year and a half moving the prime rate up 1.75% in that time. This has effected all prime based borrowing like SBA Loan 7(a) and business lines of credit,etc. Small businesses have seen the brunt of the increase. For example, 2 years ago I […]
What is Commercial Special Use Property?
https://flic.kr/p/94ZAZo What is sa commercial Special Use Property?? Special use property is an income-producing property that is designed for specific use. These type of properties do not fit into typical categories for financing. In general, many banks will not even look at these building types because they present unusual circumstances that make it difficult to […]