{"id":2251,"date":"2016-07-20T17:03:51","date_gmt":"2016-07-20T17:03:51","guid":{"rendered":"https:\/\/lsbf.co\/?p=2251"},"modified":"2016-07-20T17:03:51","modified_gmt":"2016-07-20T17:03:51","slug":"liberty-sbf-closes-pueblo-colorado-sba-504-hotel-loan-record-33-days","status":"publish","type":"post","link":"https:\/\/libertysbf.alliancetek.net\/index.php\/liberty-sbf-closes-pueblo-colorado-sba-504-hotel-loan-record-33-days\/","title":{"rendered":"Liberty SBF Closes Pueblo, Colorado SBA 504 Hotel Loan in Record 33 Days"},"content":{"rendered":"

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\nLoan Details:<\/strong><\/p>\n

\u25a0<\/span> Closed in 33 days!
\n\u25a0<\/span> $3.05MM SBA 504 loan
\n\u25a0<\/span> Hotel\/Resort
\n\u25a0<\/span> Pueblo, CO
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Liberty SBF, a national commercial real estate lender, today announced that it has closed and funded $3.05MM in total SBA 504 proceeds to finance the purchase of a 60-key, limited service Quality Inn hotel in Pueblo, CO. The deal was closed directly from Liberty’s balance sheet in a record turnaround time of just 33 days.<\/strong><\/p>\n

The borrower approached Liberty SBF with a request to close in an extremely short time frame due to an imminent 1031 exchange deadline. Liberty worked with Colorado Lending Source as the Certified Development Company (CDC) and received SBA approval in 5 days. Calling on years of experience, Liberty SBF was able to expeditiously move the loan from underwriting to closing \u2013 exceeding the borrower and marketplace expectations on loan turnarounds.<\/p>\n

“Colorado Lending Source was excited to partner with Liberty SBF to finance the Quality Inn in the Pueblo community,” said Kamry Bowman, Loan Officer at Colorado Lending Source. “Through our partnership with Liberty SBF we were able to get SBA approval in place and meet the borrower’s closing timeframe in short order. We found Liberty SBF to be a great partner throughout the process.”<\/p>\n

The hotel property is located in the city of Pueblo, CO, a few minutes\u2019 drive from amenities including a golf course, skiing, state park, Colorado State University, and a convention center. The new owners, John and Shefali Miller will be involved in running the hotel on a day-to-day basis. They also plan to keep the entire hotel management team in place and create new job opportunities for the Pueblo area.<\/p>\n

“Our 1031 Exchange presented a stressful and tight timeline to find our next financial investment,\u201d said John Miller, President, Siena Investment Holdings LLC. \u201cUltimately, the funds were used for a down payment on a hotel property and we needed to obtain financing quickly. Liberty SBF understood our challenge, helped identify the best loan package and provided competitive financing for our hotel within deadline. They came through for us in a big way.”<\/p>\n

Liberty SBF is helping to revitalizing the SBA 504 market, filling a void in secondary market lending with its National First Lien SBA 504 Wholesale Program. Liberty SBF partners with approved banks, non-bank lenders and other SBA loan intermediaries to originate 504 loans across the country and can pay up to 4 points of premium to its partners. Liberty SBF also services the loans in its portfolio.<\/p>\n

“The perception in the marketplace is that closing an SBA loan is a lengthy process. We have proven that with the right team, SBA 504 loans can be closed quickly and efficiently under a strict deadline,” said Alex Cohen, CEO of Liberty SBF.<\/p>\n

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Liberty SBF’s National First Lien
\nSBA 504 Wholesale Program<\/strong><\/p>\n

Price loans and build in your referral fee
\nautomatically in a few easy steps:<\/em><\/p>\n

1. Click here<\/a> to download <\/strong>Liberty SBF’s National First Lien SBA 504 Wholesale Program Rate Sheet & Underwriting Matrix to review eligible loan parameters.<\/p>\n

2. Use rate sheet to price<\/strong> eligible loans based on our national par rates. Determine loan eligibility using our Underwriting Matrix.<\/p>\n

3. Earn up to 4 points<\/strong> of premium income by marking up par rate, earning origination fees and structuring additional PPP (Not subject to dollar cap).<\/p>\n

4. Remember:<\/strong> Liberty SBF will also consider deals that fall slightly outside our credit box. Call the desk for par pricing.<\/p>\n

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Contact (610) 816-0200 or
\ndeal@localhost<\/a> for more information!<\/span><\/p>\n

Nationwide Lender | Brokers Protected<\/em><\/strong><\/p>\n<\/td>\n<\/tr>\n

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Nationwide Lender | Brokers Protected<\/span><\/p>\n

Copyright \u00a9 2016 Liberty SBF<\/p>\n

2 Penn Center, 1500 JFK Boulevard, Suite 250, Philadelphia, PA 19102 | www.LibertySBF.com<\/a>.<\/p>\n

Connect With Us: Facebook<\/a> | LinkedIn<\/a> | Twitter<\/a><\/p>\n

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Loan Details: \u25a0 Closed in 33 days! \u25a0 $3.05MM SBA 504 loan \u25a0 Hotel\/Resort \u25a0 Pueblo, CO Liberty SBF, a national commercial real estate lender, today announced that it has closed and funded $3.05MM in total SBA 504 proceeds to finance the purchase of a 60-key, limited service Quality Inn hotel in Pueblo, CO. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[8,9,10],"class_list":["post-2251","post","type-post","status-publish","format-standard","hentry","category-funded-loans","tag-hotels","tag-liberty-sbf-news","tag-sba-504"],"_links":{"self":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/posts\/2251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/comments?post=2251"}],"version-history":[{"count":0,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/posts\/2251\/revisions"}],"wp:attachment":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/media?parent=2251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/categories?post=2251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/tags?post=2251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}