PMG Commercial Lending Blog

Where?:  Jacksonville, FL Type: This financing was facilitated on an Investment Retail property in FL anchored by a Comp USA.  As so often happens, the existing bank wanted out to get it off their books and was willing to discount the note for speed.  We were able to close it without ordering a ...

Flawed Paperwork Aggravates a Foreclosure Crisis – CNBC. This is a very disturbing article. If this is indeed the case. The government needs to step in and halt all foreclosures to make sure they are done right.  Maybe it is time for some of these banks to start working with their clients.  

On Monday, the President will sign into law HR 5297, the small business bill.  This bill has huge ramifications on commercial lending AND the economy.  Most people don’t realize how big this bill is and the ramifications of it on small business lending.     Right now, I want to talk about execut...

Where? Memphis, TN Type:  This w as a bridge loan on the purchase of an apartment complex that did not have the necessary occupancy to get a normal loan and the client wanted to close quick.  From the time the client signed our term sheet to the closing was a whopping 18 days! NOT business days,...

How often recently have you heard those words?  But we have a new source that actually loves hotels on the SBA 504 loan. In New Mexico, we are stepping into a $5 Million first mortgage on a hotel that just got completed. AND WITH THE PASSING OF HR5297 AND THE ABILITY TO DO REFINANCES ON THE 504 ...

A Guide to the SBA 504 Loan Program COMPANY OVERVIEW We are nationwide leader in providing SBA 504 loans to small business owners.  Since the inception of our company In-visions  primary focus has been the origination of small balance commercial real estate loans on owner occupied properties. HO...

Where? Ashland, VA Type:  This was a business that had nice sales but had an estate tax lien that was hampering the company’s growth.  We got them the cash out on their building to pay off the tax lien and with a low conventional 5 year fixed rate.  When your company needs cash, we have the solu...

HR 5297 passed the Senate last week.  It will rush through the house and likely be signed into law by President Obama as early as Friday of this week.  This Bill is HUGE for small businesses, the economy and of course my business and no one seems to be picking it up.  It is amazing that the best...

Not only do we have our own private money fund that does bridge and hard money loans up to $700K.  But we also now do SBA 504 loans and conventional owner occupied commercial under our own umbrella as well.  Rates and terms are fantastic!  We can lend in all 50 states and can do Cash-Out, purcha...

To all my Real Estate Friends:   If you are like me you are always on the go, and do not always make the correct food choice. I usually start my day around 6 am and am in my office by 7am.  I can usually go till whenever with meetings and conference calls. I do business on the west coast also. Wh...