News Roundup: SBA 504 Momentum Continues, Healthcare & CRE Landscape, Industrial Vacancy at Lowest since 2000October 29, 2018
SBA 504 Momentum Continues in 2018
According to the U.S. Small Business Administration, the SBA 504 loan program has experienced another strong year in 2018, granting 5,874 small business loans for a total of more than $4.75 billion. The introduction of the 25-year Debenture in April has also been successful, with more than 1,000 debentures sold by the end of September.
Liberty SBF is Expanding Nationwide
Liberty SBF is growing. We recently doubled our inside sales teams on both coasts, brought on expert originators from all over the country, and hired a National Director of Originations.
Industrial Real Estate Vacancy at Lowest Since 2000
Thanks to ongoing demand for warehouses in the industrial/logistics sector, industrial real estate has experienced its 33rd straight quarter of declining vacancy. According to a recent CBRE report, the national industrial vacancy rate is 7.2%—its lowest since the year 2000.
Who Gets the Credit for Industrial Demand?
While many attribute robust industrial real estate demand to booming e-commerce, the reality is that food & beverage, logistics, packaging and manufacturing sectors are important players, particularly in markets like Southern California, GlobeSt reports.
Liberty Provides $14.2 Million in SBA 504 Loans for Healthcare
Liberty has provided $14.2 million in SBA 504 loans for the acquisitions of a medical facility in Miami, Florida, and a skilled nursing facility in Tucson, Arizona.
Health Care and the Commercial Real Estate Landscape
When it comes to healthcare, people are increasingly shifting from traditional hospital care to smaller, community outpatient clinics. How does that impact commercial real estate? Commercial Property Executive shares a clip exploring this trend and from the recent CREW Network meeting in San Diego.
How Can We Help You?
Liberty SBF is the #1 ranked non-bank SBA 504 lender by volume in the country. We offer personal service for SBA 504, bridge and conventional loans. We’d love to help you.