Browse Tag: sba

Download: NAR Commercial Regulatory Report

I’m not sure how I missed this, but miss it I did.  NAR’s June 2014 Commercial Regulatory Report is available for free download, containing updates and summaries of  recent NAR actions in the regulatory space, including FAA, EPA, SEC, GSA and SBA.  If any property in your portfolio involves air, ground or finance (find me one that doesn’t!) you need to check out the report.

Check it out below or download a PDF from Realtor.org

June 2014 Commercial Regulatory Report_SAS

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NADCO President Talks REAL (504) Loan Success

A picture of NADCO President Beth Solomon
NADCO President Beth Solomon

The Real Estate Advantage (REAL 504) loan program is a key platform in the federal government’s business development role. Administered through the Small Business Administration (SBA), the REAL (504) loan is for small business to acquire real estate and equipment.  While it’s not the only loan program the SBA offers — the full range of loan and grant programs can be seen here — the REAL (504) loan is a welcome topic at the real estate deal table when it’s time for a business to expand operations and acquire a larger footprint.

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SBA 504: Help For Veterans Seeking Commercial Real Estate Capital

US flag

This Veterans Day, let’s remember that servicepeople in the commercial real estate industry have a few extra benefits when it comes to obtaining capital and credit. In a tight market for capital, that can make all the difference at the deal table — especially for owner-occupiers.

SBA 504

The Small Business Administration (SBA) 504 program offers US military veterans and service disabled veterans commercial financing for purchase of real estate that will house your business, expand, retrofit, renovate or remodel an existing facility. Funds are also applicable  for refinance of an existing commercial loan as part of a business expansion.

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The CREED Act: Toward Refi Options For Commercial Mortgages

Capitol Hill, Washington DC

Owner-occupied refinance options could get a lot more forgiving, if the votes go the right way on the Hill. In a letter from NAR President Gary Thomas to Senators Mary Landrieu (D-LA) and James Risch (R-ID), NAR support for a key commercial real estate bill is spelled out. The issue addressed by the bill, S.289 “Commercial Real Estate and Economic Development Act of 2013”, is the impending maturity of $1.3 trillion in balloon mortgages.  Between 2013 and 2016, a wave of maturities is headed to holders of these instruments and market options for refinance being what they are,  there’s a real risk of higher loan defaults, delinquencies and business failures. The bill doesn’t create a new program for such mortgageholders.  Instead, it temporarily allows commercial real estate projects to be eligible for the already-existing SBA refinance program called 504/CDC. NAR President Gary Thomas continues:

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SBA Financing For Small Business Office Purchases

 

Loan
Loan (Photo credit: Philip Taylor PT)

Today’s wariness of banks and private lenders to finance commercial real estate transactions is widely reported as this industry’s leading challenge as it comes out of the recession.  There are many reasons given why bank lending volume isn’t where it should be, but at the core, credit availability depends on lenders being good at assessing risk. It’s not as if the country’s largest banks have earned the most sterling reputations when it comes to evaluating, securitizing and financing real estate risk — the recession itself speaks here.

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