Loan Program
Weinberg and Associates represents a wide range of lending sources for the placement of loans on commerical properties. This diversity allows the company to offer financing programs that are structured according to the lender’s parameters and the client’s individual needs.
General Lending Parameters:
Concentional
SAB
The majority of our loans fall under the following categories:
Conventional Loans
- Refinance
- Purchase
- Construction
- Permanent
- Owner Occupied
- Investment
Government Guaranteed Loans
- SBA
- HUD
Non-Conforming Commercial
- Immediate Funding
- Owner Occupied
- Investment
- No Doc
CONVENTIONAL LOAN PLACEMENTS
Weinberg and Associates represents a wide range of conventional lending sources for the placement of loans on income-producing property. This diversity allows the company to offer financing programs that are structured according to the lender’s parameters and the client’s individual project.
After meeting with borrowers to determine their specific needs, Weinberg and Associates evaluates possible loan structures and potential lenders. Our services as a mortgage banker permits us to provide impartial advice about appropriate and optimum financing because we are not restricted to any one conventional lending program. As experienced negotiators, we can facilitate loan transactions by mediating between borrowers and lenders to produce the best possible loan structure.
In the placement of construction and permanent loans, Weinberg and Associates is a lender in securing:
- Apartment Buildings
- Office Buildings
- Retail Facilities
- Owner-occupied buildings
- Hospitality Facilities
- Light Industrial Facilities
SBA 7(a) GUARANTEED BUSINESS LOAN PROGRAM
The U.S. Small Business Administration enables small businesses to have better access to commercial loans. Through the SBA 7(a) Guaranteed Business Loan Program, the eligible borrower is able to obtain a business loan that has the financial guaranty of the U.S. Government. This program is available to U.S. citizens and resident aliens subject to eligibility qualifications concerning the use of funds and size standards.
Use Of Loan Proceeds
SBA loan proceeds can be used for most business purposes, including the purchase of a business or real property (if substantially owner-occupied), business assets or equipment, and inventory or raw materials. These loans may also secure working capital, refinance existing deb, and provide start-up funding.
Other Features
The SBA program generally requires the existence or injection of equity to demonstrate the borrower’s capacity, commitment, and willingness to invest in the success of the business. The SBA will require a personal guaranty from each shareholder or partner who owns at least 20% of the business.
The SBA guaranteed loans may be amortized up to 25 years for real estate, 10 years for equipment, and 7 years for working capital. There is no prepayment penalty for partial or full retirement of the loan prior to maturity.
There are additional SBA programs which offer benefits to borrowers who have been targeted according to economic and geographic profiles.