Interest Rates DROP (Can You Say Commercial Loans Refi?)

https://flic.kr/p/ax7Vmh The recent stock market volatility has driven down the long term SWAP rates which most commercial loans are tied to (except SBA 7A loans which are tied to prime). 5 year fixed loans with longer 25-year amortizations can now be done for under 5%!!!!!!!!!!!!!! On conventional loans. These are conventional loans for investor properties… [Read More]

Government Shutdown Stops SBA Funding

https://flic.kr/p/onAAHX Government Shutdown Stops SBA Funding (But we can help!)   I was in school when I read a book called, “The Art of the Deal” by Donald Trump. I believe that is the first place I read that the person who wins a negotiation is the person willing to walk away. So if you… [Read More]

Do you Want to get up to $10,000 back on your SBA business loan?

   Appraisals Feasibility Studies  Valuations Environmental Reports OFFER Ending SOON!Do you Want to get up to $10,000 back on your SBA business loan? By popular demand, we are extending our offer of up to $10,000 back on prepaid third-party fees, which is limited to fees on appraisals, feasibility studies, valuations and environmental reports. This offer… [Read More]

What Commercial Loans are Closing Now?

  cc: by: https://flic.kr/p/oQZQF4  What’s Closing at Commercial Capital Limited?   Here is a look at some recent commercial loans closing within the last 3 weeks.  I like to post these every month or two to just give you a feel for some of the things that are happening in Commercial.  The business and commercial… [Read More]

Construction Loan Closed in 2 1/2 Weeks

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… [Read More]

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… [Read More]

What is Special Use Property?

Abandoned GM auto dealership on Broadway in Downtown Oakland

https://flic.kr/p/94ZAZo What is 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 fit into… [Read More]