NAR has just released the September 2020 Commercial Market Insights Report. The report features two key pieces. The first shows that workers are starting to return to the office although the fraction of workers working from home remains elevated. The second shows that food delivery service and revenues continue to surge. These pieces indicate that the demand for commercial real estate is moving toward new norms.
View yesterday's virtual commercial real estate roundtable discussion here: https://realestate.wichita.edu/wichita-commercial-real-estate-roundtable-on-coronavirus-impact/
Thank you Wichita State University Center for Real Estate & Kansas CCIM Chapter!
Staff from the local SBA office will present information about how SBA programs can be used to finance Commercial Real Estate purchases. This is an opportunity to learn about alternatives that can facilitate real estate purchases for small businesses.
Training will be provided on:
• SBA 504 Loan Program for fixed assets
o Bank - 1st mortgage loan for 50%
o SBA/CDC debenture – 2nd mortgage loan for 30 to 40% - long term fixed financing
o Borrower – 10 to 20% equity injection
• SBA 7a Loan Program
o More flexible uses of proceeds (including leasehold improvements & working capital)
WHEN: Thursday, March 12, 2020, 10:00 am to 11:30 am
WHERE: Realtors of South Central Kansas Conference Center (170 W. Dewey, Wichita, KS)
or by calling SBA Wichita District Office"