GAOR CRE Mixer January 18 2024

SBA Loans/ Eligibility/ Financing – CRE Mixer JANUARY 18 @ 6 pm

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Welcome back, and let’s kick off the year talking about SBA loans at our upcoming CRE mixer. Our first guest speaker will be Craig Cornwell, Vice President of the SBA Division of US BANK.  

Craig has specialized in SBA financing for over 25 years, has been recognized as a top producer of SBA loans, and trains new SBA business development officers.  Craig will share:

  • The advantages of SBA loans
  • Who is eligible
  • How to close more deals using SBA financing

In this session, Craig will cover in more detail:

  • BASICS – SBA 7A Loan 
    • Up to 85 & 90% Financing
    • Any commercially zoned property (commercial, industrial, retail)
    • 51% owner occupied 
    • Construction – may include tenant improvements
    • Loans $750,000 – 5,000,000 with the 7A loan and $12+ million for 504
  • TERMS
    • 25 YEARS, Fully Amortized
    • Index: N.Y. Prime
    • Construction Loans role into Permanent Loans
    • 3 Yr Prepayment Penalty: Yr 1-5%; Yr 2-3%; Yr 3-1% on SBA 7A loan 
  • WHAT’S NEW
    • Fixed to Variable terms available on 7A
    • Rate Locks are available for up to 90 days
    • Rates – The curve is inverted
    • Loan limits are at an all time high
    • Payments vs Rent is comparable
  • QUALIFYING
    • Income Loan
    • Tax Returns, credit history, experience
    • Pre-qualifying usually within 48 hours
    • US Citizen, Green Card, or Other INS statuses

You don’t want to miss this first CRE Mixer in 2024!

Craig Cornwell
Vice President – SBA Division at Union Bank


Craig.Cornwell@USBank.com
818.207.7674

GAOR is happy to bring you this very successful series program hosted at the association office. 

GAOR Office
124 S. Isabel Street, Glendale
2nd Floor, Conference Room
>>> Click Here For Directions <<<

Come with your listing opportunities or commercial real estate needs!

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Your CRE host of ceremonies will be Arthur Mangassarian.

Here are the upcoming CRE Mixer dates for 2024!

Sponsors Are Welcome!
Contact the GAOR Office

01/18/24

02/15/24

03/21/24

04/18/24

05/16/24

06/20/24

In this new world of Commercial Real Estate, we welcome local members and non-members to join and share your listings. Informative presentations will be shared.

Whether you sell Commercial Real Estate or want to become a CRE REALTOR®, this group of local professionals will serve you well.

This is YOUR association, and our group of CRE professionals is for our members.

Bring your enthusiasm. We welcome your participation and ideas!

Thank you.

Visit Our Past CRE Mixers

CRE Registration for Non-GAOR Members
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