It Pays to Go Green: SBA 504 Lending Limits Expanded for Real Estate Projects that Incorporate Green Energy Initiatives
The Small Business Administration’s (SBA) 504 lending limits have expanded for businesses that implement green energy initiatives, offering new opportunities for business owners focused on growth, job creation, and environmental sustainability. With the 504 program, eligible companies can access up to 90% financing at below-market rates with no future interest rate fluctuations and choose from…
Read MoreIndian Hotel Giant Intensifies U.S. Expansion: Oyo Purchases Motel 6 Parent Company from Blackstone for $525M
Motel 6, the economy budget motel chain that traces its roots back to 1962 Santa Barbara, CA, will still leave the light on for you, albeit under new ownership. Blackstone Inc. agreed to sell G6 Hospitality, the umbrella company behind Motel 6 and Studio 6 Extended Stay, to Indian hospitality technology firm Oravel Stays, Oyo’s…
Read MoreBorrowers Rejoice: Fed Cuts Interest Rates for First Time Since 2020
The central bank’s Federal Open Market Committee has made its decision. The Federal Reserve is cutting the benchmark federal funds rate by 50 basis points amid progress in the fight against inflation. Inflation slowed to 2.5% in August based on the Labor Department’s consumer price index (CPI). This figure is still above the Fed’s 2%…
Read More“We’re Not in Kansas Anymore”
A year of expectations that 2024 would herald a major rebound for commercial real estate and at least three rate cuts from the Fed has given way to the cold reality that it’s time to stop making predictions. The double gut-punch of a stubbornly high inflation rate and a strong signal from the Fed that…
Read MoreFinancing Gets Easier for Manufactured Homes
A new federal funding opportunity of $225 million will support owners of manufactured homes though an update in Title I of the Fair Housing Act. Manufactured homes are the “largest form of unsubsidized affordable housing in the country” and a type used by more than 22 million Americans. The White House initiative is looking to…
Read MoreMake Improvements To Your Home With An FHA 203K Loan
Are you thinking about buying a home that may need some repairs and upgrades? FHA 203K loans can allow potential homeowners to purchase a property and finance renovations or repairs in a single home loan. If you are located in Conyers, Georgia, and interested in buying a home that requires some reconstruction or fixing up,…
Read MoreUsing a Portfolio Loan to Buy a Property
If you are interested in investing in a property, but are concerned that you may not be able to meet the standard mortgage eligibility requirements or if you require a loan that exceeds traditional conforming loan limits, you may want to consider a portfolio loan. Portfolio loans provide financing for borrowers who are not typically…
Read MoreOwning Your Own Home With An Adjustable Rate Mortgage
Buying a home is an endeavor that involves making many significant financial decisions. A major factor that determines the overall amount of money you will ultimately spend on your home and what your monthly mortgage payment will be is the mortgage rate that you obtain. One common type of mortgage rate is an adjustable rate…
Read MoreWhat are SBA Loans?
Are you currently a small business owner interested in renovating or buying commercial real estate in order to further expand your business? If so, you may want to consider financing this endeavor with an SBA loan. A Small Business Administration (or SBA) loan has beneficial terms and rates and is partly backed by the U.S.…
Read MoreHow to Save for a Down Payment on a New Home
If you can afford to save for a down payment on a new home, this is a great way to get better mortgage interest rates. The team at Preferred Capital Funding in Conyers, GA is here to help you find your dream home and save up for your down payment. In this week’s blog post,…
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