Warehouse Loan Closed: $2.2MM Conventional Acquisition

Hangar exterior with rolling gates. 3d illustration

Liberty SBF has closed a first mortgage loan totaling $2.2MM to Saba Live Poultry for the acquisition of a 7,500 SF warehouse in San Francisco, CA. The building includes three suites which is occupied by two other tenants and the borrower.

The borrowing entity is a halal butcher shop specializing in the processing and sale of poultry. They will use most of the property to sell a variety of poultry to retail customers and local restaurants in the Bayview neighborhood and greater San Francisco Bay Area.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Let’s Talk. 

Liberty SBF Expands CRE Loan Originations Team in South Florida

Liberty SBF, the fast-growing small business commercial real estate lender, has announced that it has named Bill Sweeney and Oscar Sanchez, both seasoned commercial and business banking executives, as Vice Presidents of Originations.

Liberty SBF provides high leverage fixed-rate SBA, conventional and bridge financing to owners and investors of industrial, medical, self-storage, multifamily, and hospitality properties. Sweeney and Sanchez expand Liberty SBF’s team in the South Florida region, a hotspot for commercial real estate development in today’s thriving economy.

BILL SWEENEY
VP Originations Bill Sweeney will manage loan originations in the Fort Lauderdale, FL area. He joins Liberty SBF with several years of commercial and business banking executive experience with Suntrust, Regions Bank, and most recently First Citizens Bank, where he was Business Banking relationship manager. A graduate of ITT Technical Institute, he is married and has four children and one grandchild.

Please take a minute to connect with Bill on Linkedin.


OSCAR SANCHEZ
VP Originations Oscar Sanchez will manage loan originations in the Fort Lauderdale, FL area. Prior to joining Liberty SBF, Oscar was VP of commercial banking at First Citizens Bank and VP of business banking/relationship banking at BankUnited. He is married and has two children.

Please take a minute to connect with Oscar on Linkedin.

Florida is booming. The Sunshine State ranks fifth in the U.S. for all commercial real estate development. In 2018, Florida commercial real estate projects pumped $20 billion into the state’s economy.

Liberty SBF provides high leverage fixed-rate SBA, conventional and bridge financing with 90% LTV and loans up to $15 million to owners and investors for the acquisition and refinancing of industrial, medical, retail, office, self-storage, and hospitality properties. Contact Liberty SBF at (855) 590-1174 or info@libertysbf.com.

Close your 2019 deals before the holidays!

Submit your loan package before Thanksgiving and we can close your deals BEFORE the end of 2019!

Liberty SBF is able to close deals in 30 to 45 days once a full package is received. We offer high leverage owner-user loans for industrial, SNF, ALF, self-storage, medical office, retail, office, mixed-use, and hotel properties up to 90% LTV. Rates start at 3.99%.

We are your direct lender resource. Earn up to 2-pts for referrals and close your deals in less time.

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Hotel Loan Closed: $2.2MM Conventional Loan

Liberty SBF has closed a first mortgage loan totaling $2.2MM to borrower Mounds View Lodging LLC for the refinance of an AmericInn by Wyndham, a three-story, 69-room, limited-service hotel located in Mounds View, MN. The borrower will use the funds to restructure the ownership of the property.

The AmericInn by Wyndham in Mounds View, in the growing Minneapolis MSA, opened in 2002, and underwent a $1 million+ renovation in 2018. Connected to Mermaid Entertainment & Event Center, the National Sports Center, and various corporate offices, the hotel benefits from both local and regional demand.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Let’s Talk. 

Closed: $8.3MM SBA504 Loan

Liberty SBF has closed an SBA 504 loan totaling $8.3 MM to borrower JR & SR, LLC and guarantor Eddie Corley Jr., comprising a $4,349,380MM first mortgage and a $3,920,000MM interim second mortgage for the refinancing of Corley’s Albuquerque Lincoln Volvo, a Lincoln and Volvo dealership in the Albuquerque, NM market area. The business has operated on the site since its 2009 construction by JR & SR, LLC.

Corley’s auto dealership occupies 100 percent of the two-story, 38,912 SF property on 3.93 acres. In addition to new Lincoln and Volvo models, the dealership sells pre-owned vehicles, provides repair and maintenance services, offers associated financing and insurance, and operates a small carwash for customers.

With good visibility from Interstate 25, Corley’s is located in the thriving North I-25 retail submarket, in a neighborhood of luxury auto dealerships, high quality single-family housing, and retail, office, and industrial properties. Owner Eddie Corley, with more than 30 years’ experience as executive and operator in the New Mexico auto dealership industry, also oversaw his father’s Ed Automotive Group of eight New Mexico dealerships with more than $105MM in annual sales.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Let’s Talk. 

Closed: $1.5MM Industrial Conventional Loan

Liberty SBF has closed a $1.465MM Conventional loan for the refinancing of a one-story, 12,700-square foot industrial property, located within the Rancho Center Industrial Park in Rancho Cucamonga, CA. Phillips Saw & Carbide Tool Company fully occupies the space. The loan will also fund Phillips Saw’s equipment acquisition and additional working capital.

The Southern California property is located 15 miles north of Riverside, CA and 37 miles east of Los Angeles, in the fast-growing Inland Empire MSA, served by Interstate 10 and 15 freeways. Phillips Saw services manufacturers with a specific niche market in the pool and spa industry, in addition to the aerospace, furniture, construction, lumber yard, and boat and RV industries.  The company founders and owners have successfully operated Phillips Saw for more than 30 years. They acquired the property in 2006.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Let’s Talk. 

Closed: $3.39MM ALF Conventional Loan

Liberty SBF has closed a $3.39MM conventional loan for the refinancing of Palm View Retreat, a 16-unit adult residential facility located in Vallejo, CA. The loan will refinance the existing debt on the property, and provide funding for the borrower, Oakwood Senior Care, LLC ‘s acquisition of a 49-bed assisted living facility in Mill Valley, CA.

Built in 1965 and with 100% occupancy, the 16-unit, 32-bed Palm View Retreat is a transitional facility for mentally challenged adults, which prepares residents for independent living. Oakwood Senior Care, LLC purchased Palm View Retreat for $842K and spent $1.236MM on renovations and improvements.  The appraised value for the Mill Valley property was $7.0MM, excluding business value of $700K. Liberty’s 1st Lien represents an as-is LTV of 48.5%. The principal guarantors have more than seven years of experience in the development, rehabilitation, and management of senior/adult care facilities.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Let’s Talk. 

Closed: $3.53MM ALF Conventional Loan Refinance

Liberty SBF has closed a $3.53MM conventional loan for the refinancing of two assisted living properties in Saint Cloud and Palatka, FL by an experienced owner/operator, Aleph 1 Realty, LLC. The properties are the two-story, 40-bed Homestead Retirement Home in Saint Cloud and Kiva of Palatka, a one-story, 40-bed assisted living facility.

Paramount ALF, Inc. is the operating company that has run both facilities since 2016, when the borrower purchased the properties. Built in 1909, the two-story, 40-bed Homestead Retirement Home in Saint Cloud is 100% occupied. Kiva of Palatka, built in 1986 and 2003, is 70% occupied. The borrower, Aleph 1 Realty, LLC, has extensive experience as owner and operator in the assisted living industry.

The loan enabled the borrower to make functional improvements of both properties, and to buy out a business partner’s remaining interest.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Let’s Talk. 

Closed: $1.04MM SBA 504 Office Property Loan

Liberty SBF has closed a $1.04MM first and interim second lien SBA 504 loan for the acquisition of a one-story, 4,150 SF office building, located in Federal Way, WA. Owner-occupier Skyway Towing & Recovery, Inc. also acquired the property’s 20,652 SF of excess land for parking and for potential future development.

The loan for the property, located 10 miles northeast of Tacoma and 24 miles south of Seattle, comprises the $613.3K SBA 504 first mortgage and a $429.3K SBA 504 interim second mortgage. Skyway Towing, a 24-hour towing and roadside assistance provider in Seattle, bought the distressed business in December 2017, and has significantly improved its performance since acquisition

The company will occupy the building area that is not occupied by an existing tenant, and use the excess land for its towing company. The building was constructed in 1988.

How can we help?

Liberty SBF offers personal service for SBA 504 and Conventional loans for owner-user properties across the US. We’d love to help you.

Let’s Talk. 

Fixed-Rate CRE Loans at All-Time Low | 25 Yr Fixed | Now 3.63%

Debenture rates for SBA 504 loans have dropped below 4% this month, reaching all-time lows.

 SBA 504 Loan Rates:

  • 25 Year Effective Rate: 3.63%
  • 20 Year Effective Rate: 3.53%
  • 10 Year Effective Rate: 3.92%

Financing available for owner user industrial, owner user office, healthcare, self-storage, and hospitality properties.

Earn up to 2 points paid at closing by Liberty SBF

  • Up to 90% LTV
  • Long-term, low fixed rates
  • Close in 45-60 days!

Call or email us today to receive Liberty’s SBA 504 pricing guide.