Real Estate / TAG Property (J)

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Klose, Dr. Christoph
RWP Rechtsanwälte

Real Estate / TAG Property (J)

Contact: von Briesen & Roper, s.c. (Wisconsin, USA - TAGLaw)

This Update discusses the analysis that a Wisconsin lender should undertake to determine if it should take an assignment of a developer's agreement as part of a deed-in-lieu of foreclosure transaction.

Read more: Deeds-in-Lieu of Foreclosure: Whether to Take an Assignment of the Developer's Agreement

The end result could be job losses in 2014

A survey of independent mortgage bankers conducted by analytics firm Richey May & Co. (Colorado, USA) shows overall mortgage production activity fell in the third quarter, prompting lenders to silently brace for a period in which expenses could outstrip revenue enough to prompt job cuts.

Read more: Independent Mortgage Bankers Squeezed by Falling Production


Michael L. OstrowskyLindsay A. Van HoutenBressler, Amery & Ross, P.C. (New Jersey, USA - TAGLaw)

The Small Business Administration (SBA) 504 Loan Program provides an alternative to conventional financing for small businesses that may have issues qualifying for a traditional loan. SBA 504 Loans provide long-term financing for the acquisition or refinance of major fixed assets, such as owner-occupied real estate and long-term machinery and equipment. Though a slightly more involved and complex process than a conventional loan, this program provides small businesses the opportunity to receive up to 90% financing from outside sources. There are three instrumental players to the SBA 504 Loans: the borrower, the lender and the certified development company (CDC). The typical structure of a SBA 504 loan is 10% down by the Borrower, 40% financing from the CDC and 50% financing from a certified Lender

Read the entire article.