Category Archives: SBA

12.28.18: SBA 7(a) Secondary Market Loan Guarantee Premiums Sag

Scott Evans, Senior Managing Director at Government Loan Solutions (GLS), reported at the Secondary Market Summit in Washington, D.C. that for 2018 SBA 7(a) secondary market premiums are down approximately 15% from 2017. The downward trend began in July 2018, … Continue reading

Posted in Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA, SBA 7(a), SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , | Leave a comment

2.27.18: SBA 504 Program Works Well for Hotel Purchases

We at ValueXpress have a niche business in the SBA 504 program. We assist our clients in the purchase of generally mid-scale hotels such as Hampton Inn and Holiday Inn Express brands using the SBA 504 program. Why use the … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA, SBA 504, SBA Loan Processing, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Leave a comment

12.22.17: SBA 7(a) Hotel Borrowers Scramble to Refinance into CMBS

The SBA 7(a) loan program is an excellent way for hoteliers to obtain acquisition financing for hotel properties. Since the lending market considers hotels riskier than other commercial assets, the SBA loan guarantee helps mitigate loan loss risk on defaulted … Continue reading

Posted in CMBS, CMBS Conduit Loans, CMBS Securities, Commercial Mortgage-Backed Securities, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA, SBA 7(a), SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , | Leave a comment

12.3.16: SBA Improves Cash-Out 504 Refinance Program

In December 2015, Congress approved a change to the SBA 504 program to allow refinanced properties to be eligible for the program. Prior to the change, the program was available for purchase transactions only. The summary of the rules at … Continue reading

Posted in Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA, SBA 504, SBA Loan Processing, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , | Leave a comment

ValueXpress Arranges $3.15-Million SBA 504 Loan for the Purchase of a 16,000 SF Industrial Building in Brooklyn, NY

ValueXpress has arranged a $3.15-million SBA 504 loan for the purchase of a 16,187-square-foot industrial building located in the East Flatbush neighborhood of Brooklyn, New York. The building was constructed in 1930 and is situated on a 0.334-acre site. The … Continue reading

Posted in Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA, SBA 504, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , , | Leave a comment

4.5.16: SBA Close to Restarting 504 Loan Refinance Program

After years of advocating on Capitol Hill by commercial real estate industry leaders, the SBA 504 Loan Refinancing Program was permanently reinstated on December 18, 2015, more than three years after it expired in 2012. Also known as the Commercial … Continue reading

Posted in Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA, SBA 504, SBA Loan Processing, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , | Leave a comment

ValueXpress Arranges $5.2-Million CMBS Conduit Loan for the Refinance of a 74-Room Holiday Inn Express Located in Fort Worth, TX

ValueXpress has arranged a $5.2-million CMBS conduit loan for the refinance of a three-story Holiday Inn Express hotel constructed in 2006. The hotel is located in Burleson, Texas, a suburb of Fort Worth. The sponsor will utilize a portion of … Continue reading

Posted in CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment