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Hotelier Utilizes SBA 504 Loan to Acquire Property Despite COVID Crisis

Hotelier Utilizes SBA 504 Loan to Acquire Property Despite COVID Crisis Share Article TMC Financing, an SBA 504 real estate lender, recently worked with hotel owner, Alex Patel, to secure $2.8 million in total project financing. The funds were used to purchase the much sought-after Americana Modern Hotel, located in downtown Redding, California. The Americana Modern Hotel “We were up against a tight closing deadline. Not only did TMC make sure all the paperwork was submitted properly, but a...
United States Alex Patel Kurt Chambliss A Certified Development Company Americana Hotel Loan Program
Source: prweb.com

TMC Financing Administers Multiple SBA 504 Loans to Fuel Growth for Prism Logistics

TMC Financing Administers Multiple SBA 504 Loans to Fuel Growth for Prism Logistics Share Article The SBA 504 Program has allowed Prism Logistics to expand their reach and offer stability. It has also allowed them to retrofit the property with 90% financing. The building purchase, improvements, energy upgrades, and closings costs are all rolled into the total project cost and 90% financed. The 3rd building Prism Logistics acquired in West Sacramento with an SBA 504 loan. "The building purchase ...
United States West Sacramento Kurt Chambliss Van Puffelen Jere Van Puffelen Prism Logistics
Source: prweb.com

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