News Roundup: Medical CRE & Added Value of Fixed-RatesJanuary 7, 2019
The Latest Commercial Real Estate News From Liberty SBF
Trends Drive Growth in Healthcare CRE
As one of the fastest-growing segments of the economy, the U.S. healthcare industry is changing the landscape of the commercial real estate industry with an increasing trend toward delivering care in places other than the traditional hospital. An aging population is one factor driving this growth. According to an article in GlobeSt.com, healthcare spending jumped by 33% since 2000 and now accounts for 17.9% of US GDP. The outlook over the next few years is very favorable with growth in spending expected to be about 5% per year.
Liberty SBF Closes $2.1MM Conventional Loan on Assisted Living/Skilled Nursing Facility
Recently, Liberty SBF closed on a $2.1MM fixed-rate conventional loan for an owner-user medical facility in San Diego, CA. The loan will help the experienced business owners expand and grow by refinancing a debt, including a construction loan. The broker who brought the deal to Liberty SBF earned a referral fee at closing. See more closed deals here.
Fixed-rate Adds Value for Future Buyers
Experts observed that property owners with eligible assets are looking to lock in long-term fixed rates. Locking in a rate now while still at historic lows isn’t only a good way to hedge against rising rates in the future, it’s a good business decision. According to a report in REJournals.com, a low rate with the right structure adds value to an asset for future buyers assuming in-place debt. Read the entire article here.
90% LTV, Fixed-rate SBA 504 Loan For Warehouse Purchase
Liberty SBF recently closed a $3MM fixed-rate SBA 504 loan to acquire a warehouse in Roanoke, VA. A furniture importer whose sales were constrained by inadequate warehouse space purchased a larger facility to increase business. Quick work by the Liberty SBF team allowed the deal to close before year-end.
How Can We Help You?
Liberty SBF is the #1 ranked non-bank SBA 504 lender by volume in the country. We offer quick closings for SBA 504 and conventional loans. We’d love to help you.