Each of us who earns an income (and even those of us who don't) in the real estate market should pay attention to forth coming legislation that helps and encourages the buying and selling of real estate related securities.
Currently there is legislation raising the amount of an SBA guarantee to 80% on all current, future or existing first lien mortgage loans until September of 2010.
This will free up capacity and capital for banks who have risked lending to business owners recently as well as encourage other banks to participate.
All of us in the Active Rain community benefit from this SBA change. You, your family and friends livelihood all depend directly or indirectly on someone obtaining funding as a business owner. And most business owners own homes.
If you would please right now send an e-mail to the names listed below in support of the “SBA 504 First Mortgage Guaranty - Secondary Market”. Encourage them to raise the SBA guaranty to help stimulate all of our local markets.
Senate:
Kevin Wheeler: kevin_wheeler@small-bus.senate.gov Ph. (202) 224-5175 or (202) 224-8496
Nick Coutsos: nick_coutsos@small-bus.senate.gov Ph. (202) 224-5175 or (202) 224-4175
Matt Walker: Matt_walker@small-bus.senate.gov Ph. (202) 224-7884
House:<
Adam Minehardt: adam.minehardt@mail.house.gov Ph. (202) 321-9300
Barry Pineles: Barry.pineles@mail.house.gov Ph. (202) 225-5821
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Multifamily Investments Expert
Office 423-870-2285 |
Rick Fitzgerald
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Choose AAM Capital Find out why investors choose us. Multi family investments include Fannie Mae, Insurance, CMBS AND Portfolio Lending. commercial@aamonline.com |
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