Hard Money Loans

Ayinde O. Chase – AHN News Editor Folsom, CA, United States (AHN) – California’s walnut industry will harvest a record crop of nuts this year, according to the U.S. Department of Agriculture. The agency predicts the 2010 yield to be 510,000 short tons, a 17 percent increase over 2009′s crop of 437,000 and more than [...]

As you may have guessed restaurant loans are taking a serious beating in the current credit crisis. A year ago, and even 6 months ago there were many options.

First of all, most hotel owners go to the SBA programs due to the relatively high level of financing available. Both the SBA 504 and SBA 7a allow 85% loan to cost financing, enabling owners to keep as much cash in their business as possible. Conventional financing is currently capped at around 65% loan to value on purchases, as a comparison.