NextGEN Real Estate Corp.'s Blog – April 2011 Archive (1)
New SBA Guidelines Expand Ability for Borrowers to Buy/Refinance Commercial
By Elizabeth Braman
Commercial borrowers are now able to refinance existing loans to 90% using the Small
Business Administration's 504 loan program, thanks to a new law enacted on September
27, 2010. This law brought about significant changes to the SBA's lending guidelines.
Most significantly, SBA loans now create opportunities for overleveraged property
owners to refinance into lower rate, stable, long‐term commercial mortgages.
The 504 program recognizes that… Continue
Commercial borrowers are now able to refinance existing loans to 90% using the Small
Business Administration's 504 loan program, thanks to a new law enacted on September
27, 2010. This law brought about significant changes to the SBA's lending guidelines.
Most significantly, SBA loans now create opportunities for overleveraged property
owners to refinance into lower rate, stable, long‐term commercial mortgages.
The 504 program recognizes that… Continue
Added by NextGEN Real Estate Corp. on April 15, 2011 at 12:00pm — No Comments
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