SBA 504 Loans: Regulations Streamlined

The SBA recently made some changes to streamline regulations and open to a broader base financing under the SBA 504 loan program.  One of the biggest changes has to do with refinancing existing debt, and although it’s not a full reinstatement of the refi program, it’s a significant step forward.  The old regulations limited project expenses eligible for SBA 504 Loan Program financing to those incurred within 9 months prior to submitting to the SBA a complete loan application.

The recent change will permit financing of expenses toward a project regardless of when the cost was incurred, so long as the expenses are directly attributable to the project.  If expenses were financed as part of the project, the debt to be refinanced must have been short-term debt ("bridge financing") with a term of 3 years or less and directly attributable to the Project.

Although this is not a full reinstatement of the refi program, it does create more options for some borrowers.  Please contact us to discuss how we may assist you with long-term, below market, fixed rate financing.

Commercial Lending Pros
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-299-2929
Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

SBA Loans: Beware of Shorter Amortizations

As the money markets continue to open back up and commercial loan sources become more plentiful - more banks are now considering funding guaranteed SBA loans for businesses WITHOUT the requirement of using commercial real estate or major long-life equipment as collateral. But beware of using the standard 20-25 year amortization schedule when trying to pre-qualify these type of loan requests as that may get you into trouble down the road. We just had a client whose deal fell out during the final underwriting stage because the loan term was going to be limited to 7 years, instead of the most common 20-25 year terms that accompanies most SBA loans with real estate. When the underwriter and/or loan committee decided to limit the term of the loan to that shorter period - the annual debt service amount went up significantly and the minimum debt service coverage ratio of 1.25 could no longer be met. Thus, the loan was denied.

The SBA’s loan programs are generally intended to encourage longer term small-business financing. However, actual loan maturities are based on (1) the ability to repay, (2) the purpose of the loan proceeds and (3) the useful life of the assets financed. Maximum loan maturities have been established: 25 years for real estate, up to 10 years for equipment (depending on the useful life of the equipment) and generally up to seven years for working capital.

To avoid confusion and wasted time and effort, always try to get a clear, complete and detailed breakdown of the USE OF PROCEEDS for the loan request early on in the loan pre-qualification process so you can accurately determine what amortization schedule to use in projecting loan payment amounts and annual debt service. It's always best to let a borrower or potential new client know as early on as possible in the process if you don't believe they'll be approved for the loan amount they are requesting.

For more information on SBA loan programs, visit us at CommercialLendingPros.com or call Tony at 813-833-3132.

Commercial and Business Lending Bypasses Small Firms

Uptick in Lending Bypasses Small Firms
Commercial and industrial loans have grown by $61 billion since the start of the year, or 6.2% above the same period a year ago, the Federal Reserve reported Monday. Yet the upturn has largely bypassed small firms. Instead, the bulk of the gains were made by loans to midsize companies, which were borrowing cash to upgrade or repair aging equipment, according to bankers cited by the Wall Street Journal. The Fed's gauge of commercial and industrial lending excludes business real-estate loans. While any new investing by small or midsize employers is welcome news -- most businesses have put off upgrades since the onset of the recession, lenders say -- few businesses appear to be committing cash to the type of expansion that would lead to more jobs. . . . keep reading about Small Business Lending

While large banks continue to hold back on lending to small businesses, here at Commercial Lending Pros we continue to provide financing services for business owners, investors and other entrepreneurs throughout the country. We are direct lendersfor SBA 504 Loans and also have access to over 150 different funding sources including credit unions that are lending, hedge funds, private equity groups, insurance companies, private investors and other funding sources including Wall St. funds.

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-298-8900
Fax: 863-877-4456
Email: marcos@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial and Business Financing

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.

WHAT WE DO IS IMPORTANT. WHAT WE DO IS NEEDED. THE OPPORTUNITY IS AWESOME.

Small Balance Commercial Loans Available! $25,000-$400,000

Small Balance Commercial Loans*

We specialize in meeting the needs of our clients that fall outside of traditional bank lending parameters.

When local banks turn you down, Commercial Capital Ltd says “Yes!”

We have Fixed Rate and Adjustable Rate Programs:

• Loan Amounts: $25,000-$400,000
• Maximum LTV: 70%
• Fico Credit Score: Must be above 600
• Terms:
• Fixed for 15or 25 years – Fully amortizing
• Quarterly Adjustable – 15 or 25 year amortization

Property Types Considered: 

• Apartment Buildings
• Office Buildings
• Retail
• Mixed-Use
• Hotel/Motel
• Recreational
• Day Cares
• Churches
• Hair Salons
• Auto Repair/Auto Body
• Funeral Homes
• Mobile Home Parks
• Garage/Storage

Call Us Today! 863-299-2929 or 813-833-3132

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.
WHAT WE DO IS IMPORTANT. WHAT WE DO IS NEEDED. THE OPPORTUNITY IS AWESOME.

*This program is available Nationwide, except: Alabama, Alaska, Hawaii, Michigan, Nevada, Ohio, Vermont & West Virginia

Commercial Tip of the Week: FAST CLOSING FINANCING IS HERE!

SPEED!

That is the name of the game this week.  Our last two closings had one thing in common-speed.  Sometimes you have clients who just need to close fast.  We can get the deals done quickly, just check out these two closings from the last 2 weeks:

Investor Refinance of a $1.2 million loan on a retail shopping center.  The client came to us after being denied by a local bank.  The note was due and, the lender was willing to extend it on an adjustable loan but, this borrower wanted a low fixed rate.  We closed her in 34 calendar days from app to closing BUT, she took 4 days to sign the commitment letter.  We could have closed this in 30 days!   We did this with our IN-HOUSE LENDING PROGRAM.   That was with a new appraisal, inspections, everything.  Her rate? 5.9 fixed for 5 years.  The borrower said at the closing, “Thank you SOOO much.  Orlando said I would be in good hands”.  If the borrower won’t hesitate, we can close conventional loans with great rates in 30 days consistently on our in-house program.

Discounted Note Deal closed in 8 days!  Sometimes people don’t have 30 days.  This guy was going to lose the property if he did not close by Wednesday.  The lender was calling the note and, offered a deep discount if he would pay it off by a certain date - otherwise, they would execute the foreclosure.  He signed our agreement on Monday, March 28.  We ordered a quick review appraisal on the spot and had the file closed the following Wednesday - in just 8 business days through our private money fund.  This fund will look at any type of property as long as the deal makes sense.  It must be RE based, and we won’t go above 65% LTV but, we can close lightning quick.  This borrower got $500,000 off on his note by closing on time and, saved his property to boot!  The broker who sent the deal said, “Ernie called & is thrilled at how well everything went with the closing. He couldn’t thank m enough for getting this done in such a short time period. He now believes that I have the ability to get loans closed & will be sending referrals over my way.”  Closings beget more closings!

If you have a loan that needs to close quickly or, you know of someone who needs to close quickly, give me a call.  Our in-house lending and our private money fund are closing loans and fast.  We may close as many as 10 loans this month between the two funds… if you hurry, maybe we can add your loan to that?  Call me today to see at

Have a great week, 

Tony DeCresie

Commercial Capital, Ltd.

Your #1 Source for Business & Commercial Loans

Office: 863-298-8900 Direct: 813-833-3132

www.CommercialLendingPros.com

 CLICK HERE Get a Quick response to your commercial Loan Scenario

    

   

Commercial Lending Pros Annouces 100% Medical Financing

Press Release: FOR IMMEDIATE RELEASE: April 7, 2011
Source: CommercialLendingPros.com

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Contact: Tony DeCresie, Director of Commercial and Business Financing

Office: 863-298-8900 Fax: 863-877-4456 Cell: 813-833-3132  Email: loans@commerciallendingpros.com

EXPANSION OF 100% FINANCING PROGRAM FOR MEDICAL PROFESSIONALS

ANNOUNCED COMMERCIALLENDINGPROS.com  

Winter Haven, FL— Tony DeCresie, Director of Commercial and Business Financing for CommercialLendingPros.com, a commercial and business financing website, announced today the expansion of the 100% Medical Financing program for doctors, dentists, veterinarians and other medical professionals.  "Just wanted to let all the medical professionals in on some exciting news; that we've unleashed a new, up to 100%, medical financing product at Commercial Lending Pros that does NOT require commercial real estate! Many medical practice loans get declined due to lack of information and industry knowledge. Our team is trained to extract information from the practice financials and the doctors themselves so we can present information rich loan submissions to our underwriting team." said Mr. DeCresie.  "We understand how critical it is for doctors to be kept up with the progress of their loan request and our agents are trained to keep them informed throughout the process" he continued. The program information is available at http://commerciallendingpros.com/ and provides valuable information on the different financing solutions available to medical professionals including Practice Financing, Acquisition Financing, Debt Consolidation, Expansion – Relocation, Practice Startup, Equipment Financing, Real Estate Financing and Working Capital. There is also a practice sales division for the latest practice listings.

The CommercialLendingPros.com website has a link to a "Quick Commercial Loan Pre-Qual" form that doctors can submit loan scenarios to our medical financing experts.  The revamped website also has links to order credit reports, subscribe to a free newsletter, access free reports, and a link to the new doctor referral program.  The doctor can use the "Referral Partners" link on the website navigation bar to refer colleagues.

CommercialLendingPros.com offers business financing solutions in addition to commercial financing for many types of properties and borrowers. Based in Winter Haven, FL and serving all fifty states for over 5 years, CommercialLendingPros.com is owned and operated by Florida Real Estate and Commercial Loans, Inc., a nationwide affiliate of Commercial Capital Limited, a division of Nexus Financial the leading commercial mortgage house in the country.  Other programs available on the websites in addition to the 100% Medical Professional Financing include:

• SBA 7(a) an d 504 loans
• Merchant Cash Advance loans
• Commercial Real Estate Loans
• Multi-Family / Apartment Building Financing
• Assisted Living Facility Financing
• Triple Net-Single Tenant Financing
• USDA Loans
• Bridge Loans /Hard Money Loans
• Hotel / Motel Financing
• Gas Station / Convenience Store Financing
• Equipment Financing
• Church Real Estate Financing
• Securities Loans and IRA/401K loans

Request for an agent to contact you about a practice loan or call our Practice Financing Division at 863-299-2929 or visit http://commerciallendingpros.com/.

Multi-Family Commercial Loans, Business Financing: We Are Lending!

WE ARE LENDING! Commercial Real Estate Loans, Multi-family / Apartment Financing!  

Here's a quick overview of the different types of Multi- family loan programs we offer, including maximum LTV and average closing time. 

Hard Money / Bridge Loans

50% - 65% maximum LTV (varies depending on loan size, location, property condition, occupancy, etc.)

3 - 6 weeks closing time

Private Hedge Fund

75% LTV max

6-8 weeks closing time

$1 million loan minimum

Fannie Mae Loans

75% - 80% LTV max (lower in some markets within FL, AZ, NV, OH & MI)

60 - 90 day closing time

FHA / HUD loans

120 - 180 days (depending on area)

80% - 85% LTV max

$2 million loan minimum / no maximum

We also offer hard money / bridge loans that allow you to close quickly and have no pre-payment penalties. But the maximum LTV for bridge loans is usually 65% (sometimes higher, depending on the situation) so bridge loans will usually require more cash from you (or more seller financing).

Hopefully, that will give you a better idea of what you have to work with when you're negotiating your final purchase agreement. 

We are also SBA 504 Direct Lenders and are preferred SBA 7a Lenders!

Give us a call at: 863-298-8900 or 813-833-3132

Or click here to fill out a Quick Loan Pre-Qual form to get a fast response to your loan scenario

Commercial Lending Pros

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@CommercialLendingPros.com

Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

Accounts Receivables Financing

Accounts Receivables financing is ideal for businesses that need liquidity quickly and who cannot wait 30, 60, or 90 days for payment of their accounts receivables.


Accounts Receivables Lines
• Lines size: $100,000 to $12,000,000
• Advance Rates: Up to 90%
• Rates/Fess: Prime Rate +
• Industries: Manufacturing, Service, Distribution, Staffing, Transportation, Technology, Health Care
• Collateral: Account Receivables

Click Here for an Accounts receivables application form

Please feel free to contact us if you would like us to look at your financing scenario. If you have any questions or want more information please call:
863-298-8900 or 813-833-3132

http://commerciallendingpros.com/Accounts-Receivables.htm

Q & A With the Experts: Apartment Building Financing

QUESTION:
What do I need for financing for the purchase of an apartment complex in Florida.  ?

ANSWER:
It was a pleasure speaking with you earlier today and we look forward to assisting you with the financing on your apartment purchase located Florida.
Below is a list of the items we need from you to determine if we can help:

1. An overview of the price and terms of your proposed purchase (or a copy of the contract if one is available)
2. 2009 year ending Profit & Loss statement for the property
3. 2010 interim P&L statement (as recent as possible)
4. A current rent roll (as recent as possible)
5. A few digital photos of the subject property
6. A copy of your Personal Financial Statement (with a schedule of real estate owned)

Within 24-48 hours of receiving this information from you, we should be able to issue a loan pre-approval letter if everything looks good.

I've attached blank Rent Roll and PFS forms if needed.

Thank you.

Commercial Capital, Ltd.
Your #1 Source for Business & Commercial Loans

Office: 863-298-8900 Fax: 863-877-4456 Cell: 813-833-3132

http://commerciallendingpros.com/

Bill to Aid Small Businesses Advances in Senate

WASHINGTON — The Senate advanced legislation to aid small businesses on Tuesday after months of Republican resistance.
President Obama strongly supports the bill, which would provide loans and tax breaks to small businesses, and its swift enactment seems assured.

Two Republican senators, George V. Voinovich of Ohio and George LeMieux of Florida, joined Democrats in clearing a procedural hurdle for the bill by a vote of 61 to 37. That vote all but assured that the Senate will pass the bill later this week, and the House is expected to then put its final stamp of approval on the measure without delay. Read Full Story

For more information on small business financing please feel free to contact us: 

Commercial Capital Ltd.

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@commerciallendingpros.com

Website: http://www.commerciallendingpros.com/

Your #1 Source For Commercial & Business Financing

SBA Lenders Gear Up First Mortgage Pooling Program to Increase Lending Capabilities for Banks

SBA Lenders Gear Up First Mortgage Pooling Program to Increase Lending Capabilities for Banks
SBA approved banks and commercial lenders have begun assembling loans under a new Small Business Administration (SBA) secondary market program to help banks increase their lending to small businesses.

Through the first-mortgage pooling program, banks will sell 85 percent of their first mortgage on SBA-504 loans to the secondary market, providing increased liquidity and ability to offer more competitive variable and long-term fixed rates to borrowers. Secondary market investors will receive an 80 percent guaranty on these loans.

It's designed to help stimulate lending to small businesses for the purchase of owner-user commercial real estate and equipment.


August 20, 2010

Tony DeCresie, Director of Commercial Lending for Florida Real Estates & Commercial Loans, Inc., and a nationwide affiliate of Commercial Capital, Ltd., commented on the new mortgage pooling program. "This is fantastic news for small businesses across the country. Even before the first sale, our bank underwriters were loosening up on the loan approval guidelines a bit in anticipation of being able to take on a significantly higher volume of SBA loans." Commercial Capital, Ltd. is a direct SBA 504 lender. In his position, Mr. DeCresie will also provide training to Commercial Mortgage Brokers and Loan Officers across the country on other SBA and government guaranteed lending products and services to strengthen their loan production nationally. Additionally, he will initiate education programs for Certified Public Accountants and commercial real estate brokers on the benefits of SBA financing to their small-business clients.
The 504 program is designed to lend money to businesses to purchase commercial real estate to house their companies. The small business owner down-payment requirement is 10 percent of the total purchase price. A bank lends 50 percent in first position and a certified development company lends 40 percent. The CDC loan is guaranteed by the SBA.
For more details on the SBA 504 and other available loan programs for small businesses, send inquires to loans@CommercialLendingPros.com or contact Mr. DeCresie directly.

Tony DeCresie

Commercial Capital, Ltd.

Your #1 Source for Business & Commercial Loans

Office: 863-298-8900 Fax: 863-877-4456 Cell: 813-833-3132

http://www.commerciallendingpros.com/

Obama Calls on Congress to Pass Small-Business Legislation

As reported By CNN, President Obama used an appearance at a small business in Washington to again call on Congress to pass small-business legislation that he says will help strengthen the American economy.

The Small Business Jobs and Credit Act is stalled in the Senate.

"It is so important to pass this jobs bill for America's small businesses. That's where most of our jobs are created. And small businesses have been especially hard-hit by the economy," said Obama, speaking at Gelberg Signs. 

 The bill would authorize the creation of a $30 billion lending fund. The Treasury Department would run the program, which would deliver ultra-cheap capital to community banks, defined as those with less than $10 billion in total assets.

Other key components of the bill would provide $12 billion worth of tax relief for small businesses between 2010 and 2020, according to a preliminary estimate from the Joint Committee on Taxation. The bill also would increase Small Business Administration loan limits and extend loan sweeteners through the end of the year.  Full Story

We are SBA loan experts and our underwriters are professionally trained to keep your interest a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! We can get you the Commercial Loan you need!

Call US Today! 863-298-8900

Commercial Capital Ltd.

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@commerciallendingpros.com

Website: http://www.commerciallendingpros.com/

Your #1 Source For Commercial & Business Financing

Q & A: 100% Financing for Medical Professionals

Q: 100% Doctor Financing, how does it work? Do you have an intake form or prequel form you would like to see?

CommercialLendingPros.com: This is a special SBA loan program. Here's a flyer and our standard SBA loan application form with the checklist of documents needed to pre-qualify a loan request.

Please note that this program usually requires a doctor to come to closing with up to 10% of the total project cost (unless he/she can document they've already invested that much or have that much equity in the land) and then he/she is reimbursed after closing for most of that amount with "working capital".  So it ends up being at or about 100% financing but they may need at least 10% IN LIQUID ASSETS TO COME TO CLOSING WITH - DEPENDING ON THE SPECIFICS OF THEIR SITUATION.

Q: What do you mean reimbursed with working capital?  Is the 10% available as a line?  I can see some doctors using personal funds to qualify but interested in returning the funds to where it was taken from after closing.

CommercialLendingPros.com: With this SBA loan program we can finance real estate acquisition, build-out, inventory, equipment and working capital. So, for example, if a doctor was opening up a new office and the TOTAL COST for all of the above mentioned items was $700,000, with a breakdown of :

$550,000 for real estate purchase

$40,000 for build-out

$15,000 for furniture and fixtures

$40,000 for equipment

$30,000 in inventory

$25,000 in working capital for 1st year salary for a receptionist / office assistant

The doctor would come to closing with $70,000 (10% of total cost of project) but get back $55,000 after closing to cover the cost of inventory and "working capital" to pay for the office assistant. The doctor ends up getting more than 100% of the real estate purchase financed and somewhere between 90% and 100% of TOTAL COSTS financed.

I hope that helps you better understand how the program works. Don't hesitate to call or email if you have any additional questions.

Tony DeCresie

Commercial Capital, Ltd.

Your #1 Source for Business & Commercial Loans

Office: 863-298-8900 Fax: 863-877-4456 Cell: 813-833-3132

Email: mailto:loans@loans@CommercialLendingPros.com

Website: http://www.commerciallendingpros.com/

Your #1 Source For Commercial & Business Financing