SBA Financing Grows Rapidly
OAKLAND, CA—The hospitality hospitality industry in California is showing positive signs of economic recovery, as indicated by SBA financing secured by hotel owners, according to CDC Small Business Finance, the nation's leader in SBA-504 loans used to purchase commercial real estate. Small Business Administration data reveals that SBA-504 financing approved for California hotels in FY14 has exceeded $163 million, more than triple the $56 million lent in FY13. The Bay Area, Los Angeles and San Diego
NEW YORK CITY—Bearing the American Finance Trust name, the merged entity is a retail-focused REIT with an enterprise value of approximately $3.9 billion.
BOISE, ID—The new hire brings more than 35 years’ experience in commercial real estate finance to the middle-market loan provider.
NEWPORT BEACH, CA—A “forest for the trees” mentality, in addition to seeking yield for investors, is causing firms based in other markets to expand to the West Coast, creating more demand for talent in a tight market, RETS’ Kent Elliott tells GlobeSt.com.
Middle Market Digest
Here’s a look at this week's trends, announcements and deals that you may have missed in the country’s North West region.