The Official Blog of the SBA 504 Experts

504 Loan Blog

Not Every Lender is Frozen Right Now
  • more-shares
    • Save on Delicious

I just received a phone call that is becoming all too common these past few weeks. A commercial real estate agent thought she’d take a chance to call us, just to see if we might still be lending.

Apparently, she has a deal that needs closing for two physician clients of hers . . . but their lender has just now, stopped making loans. That’s right . . .you read that correctly – they’re ready to close, but their lender has said, “no mas.”

This is sad . . . not to mention unprofessional. When a commercial lender issues a commitment letter, they NEED to honor it. That’s why it’s called a “commitment letter” after all. If they’re making good loans in the first place, on good, respectable credits, then no regulator is going to tell them to abort their commitments. This “freeze” that some banks are experiencing is giving the banking industry a black eye, and it’s contributing to more fear in the marketplace, not less. This invariably will lead to even more problems, now and in the future. And you’ll be wise to remember your banker’s “freeze excuse” now . . . just imagine how “cold” your experience will be with him in the future?

So if your banker is hiding from you, neglecting you, or has just plain stopped making good commercial loans, then you need to call us IMMEDIATELY! We’ll come in and “save the day,” just like we have been doing for our Clients for the past several months.

We’re DEFINITELY still open for business and making loans regularly. In fact, just this week, we’re
having 5 closings and on four of these, we’re still doing 90% loan-to-cost financing.

See, you need a reliable source for commercial real estate loans. You don’t need excuses and fear. As I’ve been saying for months, NOW is the time to summon-up the courage to buy the discounted assets, like commercial property, that is all around us. The smartest folks make the most money when there’s “blood in the streets,” as Rockefeller once said. This is a great time to buy commercial property, and we’re standing firm, ready to help you and those you know. Call us and you’ll see.

5 Comments

  1. Renata H. says:

    Great site! I am loving it!! Will come back again – taking your feeds also, Thanks.

  2. Robert Stanson says:

    Refreshing blog.

  3. Stella Wyett says:

    I haven’t any word to appreciate this submit…..Really i am impressed from this post….the person who create this post it was a excellent human..thanks for shared this with us.i discovered this informative and interesting weblog so i consider so its incredibly useful and knowledge able.I would like to thank you for the efforts you have made in writing this article. I am hoping the same greatest work from you in the future as well. In fact your creative writing abilities has inspired me.Truly the blogging is spreading its wings rapidly. Your write up is fine example of it

  4. wireless says:

    appreciated very much, I have to announce that your website is fantastic!

  5. Copy Affiliate says:

    Another very strong and powerful post. I’ve been reading through some of your previous posts and finally decided to drop a comment on this one. Check out the Copy Affiliate membership program that just came out… I heard some killer reviews from it!

Leave a Reply

Your email address will not be published. All fields required.

Back to all Entries