Our practice closes a number of SBA-backed loans and represents many commercial borrowers who use this federal government-backed program. The two types of SBA loans typically made are either an SBA 7(a) or an SBA 504 loan.The SBA 7(a) is for primarily commercial...
Handling A Wide Variety Of Matters
Care and Feeling of Commercial Lenders
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jul 14, 2017 | Lending
Our office has been privileged to work with many different commercial lenders and loan offices these many years. Most are intelligent, caring people who want you, the client, to receive the best loan terms, and service outcome possible.I think the borrower's first...
Faster Commercial Loan Closings
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Mar 18, 2016 | Lending
What can the Borrower do to make the commercial loan close faster? You cannot control the timing of the appraisal or the preparation of the loan documents in the commercial lending process. However, you can provide the Bank with: 1. A copy of the prior survey....
Whose Lien Comes First?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jan 4, 2016 | Lending
Competing real estate lien priority was the issue that the Florida Fourth District Court of Appeal recently issued an opinion on in U.S. Bank National Association v. Grant. The question was whether a homeowner's association lien for unpaid assessments has priority...
Will the Mortgage Balloon Pop in Your Face?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Nov 30, 2015 | Lending
Most commercial mortgages, and many residential mortgages, contain balloon language. Even though the monthly payments could be based on a fifteen year or longer amortization, the obligation is now due and payable and the outstanding principal balance must be paid in...
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