C-PACE Financing a New Option When Undertaking Clean Energy Upgrades
Has your borrower asked you to subordinate your loan to C-PACE financing? Have you then had to Google “C-PACE” to discover what they are talking about? C-PACE, which stands for …
Maryland Court Grants Lien Priority to Lenders over Private Infrastructure Assessments
Maryland Court Grants Lien Priority to Lenders over Private Infrastructure Assessments The Maryland Court of Appeals recently ruled that lenders have lien priority for purchase money deeds of trust over …
Lenders Should Require Guarantors to Sign Loan Commitment Letters
In a recent case, two individuals who guaranteed a loan to an affiliated company and executed and delivered guarantees of the loan but did not sign the loan commitment, argued …
SBA Releases New SOP 50 10
What You’ll Learn SBA Information Notice 5000-17008 announced the issuance of SOP 50 10 5(J). This SOP update becomes effective January 1, 2018. The New SBA SOP 50 10 5 j …
Maryland Commercial Lenders Association Quarterly Meeting
Lerch Early is pleased to host the Maryland Commercial Lenders Association as it holds its third quarterly meeting. Lerch Early lending attorney Alison Rind serves on MCLA’s Board of Directors. MCLA will cover the …
New SOP Updates on 50 10 5(I) Lender and Development Company Loan Programs
SBA Information Notice 5000-1399 announced the issuance of SOP 50 10 5(I). The new SOP replaces the current franchise review process reflecting changes to the affiliation regulations, and includes policy …
Don’t Assume Your Real Estate Collateral Complies with Applicable Zoning Ordinances
Don’t Assume Your Real Estate Collateral Complies with Applicable Zoning Ordinances Lenders should never assume that a property is in compliance with zoning restrictions because “it has been there for …
SBA Further Streamlines Recently Enacted Franchise Review Process
SBA Further Streamlines Recently Enacted Franchise Review Process Yesterday (February 14, 2017), the SBA issued SBA Policy Notice 5000-1941, which temporarily changes the franchise review process for 7(a) and 504 …
