Author Archives: Dan Alms

SBA 504 LOAN PROGRAM CHANGES

The SBA refinance program is back and changes have been made. The SBA has changed the loan-to-value limitation on refinance projects that include cash-out for eligible business operating expenses. The LTV limitation has been increased from 75% to 85% providing … Continue reading

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Closed Franchise Loan

ICA CLOSES a commitment to lend at 90% financing for the Start-Up of a owner user Jimmy Johns in the Suburbs of Charlotte, NOrth Carolina. ICA and the financing desk, leading resources in today’s mortgage industry CLOSES a $353,000  dollar Start-Up loan for a newer franchisee  in the … Continue reading

Posted in Commercial Bank Underwriting, Commercial Loan Rates, Commercial Mortgage Trends, Guaranteed Loan Investments, SBA 7A Trends and Update, Secondary Marketing, Startup Financing, The Economy | Tagged , , , , , , , , , , , , | Leave a comment

115% Financing!!!!!

ICA CLOSES a commitment to lend at 115% financing for the Purchase of an owner user Commercial Real Estate Building in the Suburbs of Springfield Massachusetts. ICA and the financing desk, leading resources in today’s mortgage industry CLOSES a $1,550,000-dollar Commercial Real Estate loan for an … Continue reading

Posted in Bank Investments, Commercial Bank Underwriting, Commercial lending, Commercial Loan Rates, Commercial Mortgage Trends, mortgages, SBA 7A Trends and Update, Underwriting | Tagged , , , , , , , , , , | Leave a comment