ATLANTA, June 4, 2018 — Community banks can now sell first lien Commercial Real Estate (CRE) loans originated through the U.S. Small Business Administration’s (SBA) 504 Loan Program under a new liquidity program announced today by FIG Partners.
“FIG’s SBA 504 Loan Purchase Program offers community banks another way to demonstrate liquidity outside of their investment portfolio,” said Amy Boothe-Fuentes, Senior Vice President and Head of Whole Loan Trading. “FIG’s program allows sellers to reduce their CRE loan concentration, redeploy capital and generate additional fee income.”
The program is designed for loans with the following terms:
- Nationwide in scope
- All property types will be considered
- Includes fixed or floating-rate loans, up to 25-year term
- Targeted pool size up to $100 million
- Transactions close within 30-45 days
- Servicing released
- Pricing based on prevailing market rates and pre-payment penalty structure
Since 2003, FIG has been the trusted advisor to community banks and investors. Since then, the FIG team has executed $5.9 billion in M&A transaction value and $4.2 billion in equity capital.
For more information on FIG’s SBA 504 Loan Purchase Program, contact:
|Amy Boothe-Fuentes, SVP
Head of Loan Trading firstname.lastname@example.org
|Ricardo Diaz, Managing Director
Fixed Income & Whole Loan Trading