The Small Business Administration ("SBA") is known throughout the United States as a champion of small business. In order to uphold the integrity of the program, the SBA requires that…
When financing a commercial condominium purchase, lenders should carefully review all condominium documents and title documents and obtain all necessary title endorsements and insurance. Pertinent condominium documents may include the…
Pursuant to the First Amendment, “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof. . .” (U.S. Const. Amend I). The First Amendment…
For SBA loans greater than $250,000 and collateralized by commercial real estate, SOP 50 10 5(J), Subpart B, Chapter 4, Section IV, Paragraph A requires that lenders obtain a real…
SOP 50 10 5(J), Subpart B, Chapter 4 provides the following: When a substantial portion of the loan proceeds are to be used for leasehold improvements or a substantial portion…
Here are some recommendations to assist with your review of commercial real estate purchase agreements: – Check the purchase agreement to make sure that the buyer on the purchase agreement…