As a rule, most business owners have always preferred to borrow money directly from commercial banks or other funding sources without going through the hassle of securing government assistance. When it comes to SBA financing many business owners think the process is long and arduous. Although the process can be slightly longer and certainly some…
Tag: commercial lending
Commercial Loans - Are Lenders Still Lending?
For the past six weeks since the CARES Act passed Congress, it has largely felt like the traditional commercial lending market has come to a screeching halt. Banks and even non-bank lenders converted all of their resources to making Payroll Protection Program loans, commonly known as “PPP” loans, and in a mad rush to access…
March 2020 - Programs to Highlight
No Tax Return Owner-Occupied Commercial Property Financing: Under this program we can get financing on 50% or more owner-occupied commercial properties based on historical operating revenues for the operating company verified via bank statements for the company, with cash-out possible up to 75% of property value. The loan is a 5/1 Arm with rates fixed…
Coronavirus - How Will It Impact Commercial Lending?
The Coronavirus is probably the most important topic at this moment and may be the most important topic in all of 2020 (outside of the Presidential election), and it is causing a lot of confusion, anxiousness, market stress, political turmoil, and even some panic. I have spent a significant amount of time over the past…
Happy Holidays from Commercial Lending X
We wanted to take a moment this holiday season to share our gratitude. We feel genuinely blessed to have such great relationships with our customers, referral partners, lenders and other supporters. Thank you for all that you do, and we truly hope your holidays are amazing. As always, we are excited to share a combination…
CLX Recent Success Stories & Policy Updates / New Programs
Recent Success Stories Below are a few recent success stories to help provide more detail on the type of transactions we can get financing for at Commercial Lending X. Banquet Facility Refinance – Client was looking to refinance a banquet facility being carried by a private lender who funded acquisition so the client could start…
Interest Rates - Could They Get Any Lower
Ever since the Prime rate started going up December of 2015 everyone has been expecting long-term interest rates to continue to move up, which they certainly did. Although there were temporary dips lower in long term rates, in general as Prime moved up so did long-term rates. However, something happened in 2019. As worries about…
CLX Recent Success Stories & Loan Program Updates
Recent Success Stories Below are a few recent success stories to help provide more detail on the type of transactions we can get financing for at Commercial Lending X. New Daycare Center Start-up – Client was looking to open their second daycare location. We were able to secure 90% financing for the start-up of their…
The Next Crisis in Banking - It is Not What You Think
The Great Recession hit Banks hard. Not only were many Bank’s under-capitalized at the time, but the quality of their loan portfolios was poor and in some cases dismissal, leading to large losses that almost completely crashed the whole financial system, the economy and even the Country. Great strides have been made since the Great…
Commercial Lending X Announces 2019 Loan Policy
On 12/11/18 Commercial Lending X (“CLX”) released its comprehensive list of lending programs available to its clients for the first time. Referring to it as their “Loan Policy”, this policy provides a detailed breakdown of the terms associated with a majority of the lending programs CLX works with. Although not all inclusive, this policy provides…