Liberty SBF closed an SBA 504 loan in a record 33 daysAugust 2, 2016
Contact me to discuss how we can work together on owner-occupied commercial property acquisitions or refinancing for your small business clients. Our referral sources can now earn up to 4 points in premium fee income with Liberty’s National First Lien SBA 504 Wholesale Program. We introduced lower pricing with fixed rates starting at 4.75% and 4.99% for hotels.
Quality Inn and Suites Sold
By Alex Cohen
California-based hotel owner Siena Investment Holdings recently acquired the 60-room Quality Inn and Suites at 3910 Outlook Blvd.
The $4.05 million deal closed July 8 with expedited Small Business Administration-backed financing by Liberty SBF, a commercial real estate lending company also based in California, the companies said.
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Liberty SBF Closes Loan for Quality Inn in Pueblo, CO
Liberty SBF, a commercial real estate lending company, closed $3.05 million in total SBA 504 financing for the purchase of a 60-key, limited service Quality Inn hotel in Pueblo, CO. The deal was closed in 33 days.
The local hotelier came to Liberty SBF with a request to close on the loan in an extremely short timeframe. Liberty SBF met the borrower’s need by structuring $3.05 million in total SBA 504 financing through its National First Lien SBA 504 Wholesale Program. Liberty worked with Colorado Lending Source as the Certified Development Company on the loan to quickly gain SBA approval and expedite the loan processes.
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