Small Business Bill to Become Law on Monday! - 09/24/10 01:26 PM
On Monday, the President will sign into law HR 5297, the small business bill.  This bill has huge ramifications on commercial lending AND the economy.  Most people don’t realize how big this bill is and the ramifications of it on small business lending.     Right now, I want to talk about execution – what are the nuts and bolts of executing loans around this new bill.  As such I will hit the key provisions and then what we are doing about it.
The key SBA provisions of HR 5297 are noted below:
For 7A:
·         Increase to maximum SBA 7a loan … (5 comments)

$1,950,000 Apartment Bridge Loan-closed in under 3 weeks! - 09/24/10 10:06 AM

Where? Memphis, TN
Type:  This w
as a bridge loan on the purchase of an apartment complex that did not have the necessary occupancy to get a normal loan and the client wanted to close quick.  From the time the client signed our term sheet to the closing was a whopping 18 days! NOT business days, actual calender days! Bridge loans are a great alternative when you need speed and flexibility.  We have the best hard money and bridge loan sources in the country.  Call us TODAY and get your loan closed quick.
 
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We Love Hotel Deals!!!! - 09/23/10 03:12 PM

How often recently have you heard those words?  But we have a new source that actually loves hotels on the SBA 504 loan.
In New Mexico, we are stepping into a $5 Million first mortgage on a hotel that just got completed. AND WITH THE PASSING OF HR5297 AND THE ABILITY TO DO REFINANCES ON THE 504 LOAN, WE COULD DO REFINANCES OF HOTEL LOANS to 80%!  HOW MANY OF THOSE DO YOU COME ACROSS?  Think of the extra revenue this can mean!  The passage of this bill opens up a huge revenue stream at the same time that investor … (0 comments)

A Guide to the SBA 504 Loan Program - 09/23/10 10:09 AM
A Guide to the SBA 504 Loan Program COMPANY OVERVIEW
We are nationwide leader in providing SBA 504 loans to small business owners.  Since the inception of our company In-visions  primary focus has been the origination of small balance commercial real estate loans on owner occupied properties.
HOW CAN SBA 504 LOAN PROCEEDS BE USED?
To purchase and improve commercial and industrial property To cover ALL loan costs To buy and install machinery and equipment QUALIFYING FOR AN SBA 504 LOAN
Since 99% of all U.S. business meet the SBA definition of a small business, chances are excellent that most of … (0 comments)

Commercial Cash Out Loan for $690,000 - 09/23/10 09:38 AM
Where? Ashland, VA
Type:  This was a business that had nice sales but had an estate tax lien that was hampering the company’s growth.  We got them the cash out on their building to pay off the tax lien and with a low conventional 5 year fixed rate.  When your company needs cash, we have the solution whether it is factoring, recievables financing, cash-out on property or a myriad of products we can help your business get access to precious capital.  Call me today at 508-377-5872 x704

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New Small Business Bill is Huge - 09/22/10 10:20 AM

HR 5297 passed the Senate last week.  It will rush through the house and likely be signed into law by President Obama as early as Friday of this week.  This Bill is HUGE for small businesses, the economy and of course my business and no one seems to be picking it up.  It is amazing that the best thing the government has done all year is not being picked up by the media.  SO here is a super quick rundown of just some of the benefits and what they mean to businesses…
There are a lot of little carve-outs in … (1 comments)

We Are Now a Full Blown Commercial Lender!!! - 09/22/10 10:17 AM

Not only do we have our own private money fund that does bridge and hard money loans up to $700K.  But we also now do SBA 504 loans and conventional owner occupied commercial under our own umbrella as well.  Rates and terms are fantastic!  We can lend in all 50 states and can do Cash-Out, purchase and rate and term refinances.  We will do loan amounts as low as $200,000 and as high as $6 Million!  We specialize in fast decisions, fast approvals, and fast closings.  Now, there is no reason to go anywhere else! To submit a deal and get … (0 comments)