Month: September 2019

Melanie Brown, Senior VP at Seacoast Commerce Bank, joins America’s Commercial Real Estate Show in Studio One to discuss how to best utilize SBA loans for real estate properties. She discusses how SBA financing in some cases can allow for 90% financing, thus offering more leverage. She also notes that the amortization periods tend to be longer, thus lowering debt service payments and perhaps allowing more buying power as debt service is less per dollar of purchase, and no balloon payments for some types of SBA loans. Also discussed at length is how special use properties common to small businesses are tailor made for SBA financing. Being prepared for the process is noted as important for borrowers, noting that SBA financing gets a bad rap for time to approval when in reality much of the time is due to borrowers not supplying necessary documents on a timely basis.

Best house in a bad neighborhood.

(via @CreditSuisse) pic.twitter.com/W82CA7qJlD

— Carl Quintanilla (@carlquintanilla) September 3, 2019

As can be seen in the chart in this “best house in a bad neighborhood” tweet by Carl Quintanilla, the leading economic indicators for the United States have declined significantly, of late registering below 100. However, as indicated by the humorous comment accompanying it, it is not the worst, with Europe’s leading economic indicators having declined significantly more and ahead of that of the United States. Hope for the best, to be sure, but grab the rails.