Granite State Development Corp.’s Post

🎉 Celebrating a Successful SBA 7(a) Loan Closing for a Dry Cleaner Business Acquisition! 🎉 We’re thrilled to announce the recent closing of an SBA 7(a) loan for the acquisition of a Dry Cleaner business. 🌟 Key Details: Loan Duration: A swift 48 days from approval to closing. Team Effort: Special credit goes to our dedicated team members who made this happen: Keshia Bowens Johnson Lam Jessica Brooks Ryan Oelker Borrower Benefits: Fixed Rate: The borrower will enjoy a fixed rate for the first five years, providing stability and predictability. Working Capital: The loan includes working capital to facilitate a smooth transition for the business. Peace of Mind: No need to worry about the loan being sold or transferred. How Can We Assist You? Whether you’re looking to acquire a business, secure office space, explore a franchise opportunity, or invest in real estate, we’re here to help! Reach out to us for personalized guidance and financing solutions. 🤝 #sba7a #sba504 #businessacquisition #mergersandacquisitions #smallbusinesslending

Join Chuck Evans from Lenders Cooperative and Lyndsay Rowland from Starfield & Smith, P.C., as they break down the latest trends in SBA loan liquidations and offer actionable strategies to streamline the process. Perfect for lenders aiming to stay ahead in the shifting SBA landscape, this session covers practical insights, common pitfalls, and tips for optimizing recoveries. Key Takeaways: • Current trends in SBA loan liquidations • Best practices for streamlining the liquidation process • How to minimize risks and maximize recoveries Elevate your SBA loan management skills in just 30 minutes! 👉 Reserve your spot now: https://drp.li/N2Eww

Join our friends at Lenders Cooperative for this month’s Thirty at Noon webinar, where Chuck Evans teams up with Lyndsay Rowland, a leading expert from Starfield & Smith, P.C., to dive into SBA loan liquidation trends and share practical best practices for navigating the process. This session is designed for lenders looking to stay ahead in the ever-evolving SBA landscape. Learn about the latest insights, common challenges, and effective strategies for managing loan liquidations efficiently. Key Takeaways: • Current trends in SBA loan liquidations • Best practices for streamlining the liquidation process • How to minimize risks and maximize recoveries Don’t miss this opportunity to enhance your SBA loan management knowledge in just 30 minutes! Reserve your spot today! https://drp.li/hdFBY

🌟 #MALC Breakout Session 🌟 "Closing a 504 Loan.” Here are some key takeaways on navigating construction loan closing issues. 🚧 Construction loans: Risky business but we can mitigate those risks and ensure successful closings. 1️⃣ It's all about the GC: Vet them thoroughly! Ensure they're financially sound and have the experience to deliver on time, on budget, and without any legal hiccups. 2️⃣ Paperwork perfection: Dive deep into the AlA Contract, Schedule of Values, plans, specs, and permits. Confirm costs align with approved plans to dodge change orders. 3️⃣ Power of partnership: A Funds Control Company helps keep a watchful eye on construction progress and funding. With the right controls in place, losses can be minimized. Thanks to Keli Collins, Amie Jones, and Rodney Starkweather on a great session!!🙌 💪 #SBALenders #ConstructionLoans #RiskMitigation #SuccessFactors #504lending

📢 New Engagement Announcement We’re pleased to share that Resolute has been engaged by a leading capital lending firm to facilitate an Article 9 sale within the construction industry. After a borrower defaulted on a $225,000 loan, secured by construction equipment, our team was brought in to help the lender recover these assets through the UCC Article 9 process. Despite challenges, including the borrower’s potential bankruptcy, Resolute successfully managed the asset recovery, enabling the lender to reclaim the equipment through a $210,000 credit bid—avoiding forced liquidation and minimizing further complications. This engagement highlights our commitment to efficient asset recovery and protecting our clients’ interests in complex situations. #AssetRecovery #UCCArticle9 #DistressedAssets #LenderServices #FinancialAdvisory #Resolute

Don't miss tomorrow's big event! Register for the Chuck Evans' 30 at Noon - Monthly SBA Webinar where they are covering SBA Loan Liquidation Trends & Best Practices! Watch Chuck Evans from Lenders Cooperative team up with Lyndsay Rowland from Starfield & Smith, P.C., to deliver essential insights on SBA loan liquidation trends. This session is designed for lenders eager to navigate the ever-changing SBA landscape with confidence. Gain valuable takeaways on handling liquidations effectively while mitigating risk. Key Takeaways: • Current trends in SBA loan liquidations • Best practices for streamlining the liquidation process • How to minimize risks and maximize recoveries Level up your SBA loan management knowledge in just 30 minutes! 👉 Secure your spot today: https://lnkd.in/gCTWnF-R

Commercial real estate dynamics are causing more distressed CMBS loans to transfer to special servicers. As of June, these rates reached 8.23%, with retail and office properties particularly affected. Special servicers are now using creative strategies to restructure loans, anticipating potential interest rate cuts later this year. Accurate appraisals are crucial in this process. BBG, the nation's largest independent real estate services firm, excels in delivering timely and precise appraisals to navigate these complexities. Read more from Grant Griffin, MAI, Executive Managing Director and John H. Wright, Jr., MAI, Senior Managing Director. https://lnkd.in/genGVD_X #CommercialRealEstate #CMBS #SpecialServicing #RealEstateValuation #BBG

🌟 Building Stronger Partnerships Together! 🌟 Hey Commercial Brokers! 👋 At Statewide CDC, we pride ourselves on being your trusted partner in financial success. Our mission? To empower businesses and communities through specialized SBA 504 loans. 📈🏢 Why partner with me? Here are just a few reasons: 🔹 Tailored Solutions: We understand that every business has unique needs. Our SBA 504 loans offer flexible, customizable financing options to help your clients achieve their dreams. 🔹 Expert Guidance: My dedicated team of financial experts is here to support you and your clients every step of the way, ensuring a seamless experience from start to finish. 🔹 Competitive Advantage: By partnering with Statewide CDC, you can offer your clients superior financing options, setting yourself apart in the competitive commercial real estate market. Let's join forces to create thriving businesses and vibrant communities. Together, we can achieve great things! Ready to build a brighter future? Reach out to me today and let's explore the endless possibilities. #StatewideCDC #ThePowerOfPartnership #Teamwork #Excellence #CollaborationSuccess #SBA504Loans #ClosingSuccess #CommercialRealEstate #DynamicPartnership #ArizonaRealEstate #IndustryLeader #Arizona #FinancialIndustry #Partnerships #BusinessExpansion #QuickTurnaround #FinancePartners

Attention Commercial Real Estate Brokers! Partner with experts who know SBA loans inside and out. We work fast, close deals quickly, and tackle the tough transactions others might pass on. With SBA 7a, we can help your clients secure the properties they need to grow their businesses. Let's connect and close more deals together! #CREBrokers #SBALoans #CommercialRealEstateFinance #BusinessGrowth #Expertise #FastClosings

I see you Saher! Way to navigate this complex transaction.