Good News in CRE: September

September Edition: Who is ready for some good news?

•This month the SBA opened the application portal for an increase in the COVID EIDL. Previously capped at $500,000, now businesses can apply for up to $2M in funding. The loans have a 30 year amortization with a 24 month deferment option and can be used to pay, or even prepay, commercial debt. Loan amounts are based on 2019 revenues and cost of goods sold. For more information or to apply, visit the SBA site and use your original EIDL application number (if you applied previously.)

• We continue to see an increase in medical real estate activity, especially as large healthcare systems continue to implement new real estate models due to the COVID pandemic. More on the “hub and spoke” trend can be read below. To view our medical listings, including a completely built out outpatient facility/surgery center, click here.