News Roundup: Good News for the Carolinas, The Impact of Driverless Trucks and the Latest CRE Forecasts through 2020
SBA Announces Deferments for Hurricane Florence Businesses
If you didn’t expect to see the kinder, gentler side of government loan programs today, prepare to be surprised. The SBA has announced that businesses affected by Hurricane Florence in North or South Carolina can apply for up to a 9-month deferment of their qualified SBA loans, including SBA 504 loans.
Liberty Provides Over $38.4 Million In Warehouse and Industrial Financing
Over the past 3 years, Liberty SBF has provided more than $38.4 million in SBA 504 financing for warehouse and industrial projects. Recently, the company provided a $9.1 million SBA 504 loan for an industrial property in San Diego, CA.
What Driverless Cars and Picking Robots Mean for the Warehouse Sector
With new laws for driverless vehicles on the books in 29 states, and robots already playing a key role in Amazon warehouses, it’s time to think about what automation means for warehouses. NREI takes a look at what happens when warehouse tenants embrace a highly automated present, and future.
Florence’s Effect on CRE
As hurricane recovery from Florence gets into full gear, there may be a silver lining in some sectors. Several experts are predicting an upswing in multifamily housing and hotel trends in the Carolinas over the coming months. One change that might differentiate this from past hurricane recoveries? Many of the damaged homes are second homes, which could affect predictions.
Liberty Provides Over $12-million in Hotel Financing
In recent years, Liberty SBF has provided more than $12-million in financing for hotel projects. Most recently, the company provided $4.7 million in SBA 504 financing for a hotel in Midvale, UT.
A Strong Forecast for CRE Through 2020
The latest edition of the Urban Land Institute’s Real Estate Economic Forecast is predicting good news across all major sectors of commercial real estate, and revising up their forecast from earlier in the year. Check out their summary article here, or dig into the nitty-gritty details for yourself right here.
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.