Gary Reynolds – CRE-Expert

Commercial Real Estate Education | Environmental Due Diligence | SBA Real Estate Finance

SBA SOP 5010 5 (E)- NAICS Codes for Environmentally Sensitive Industries

Posted on July 27, 2012 by Gary Reynolds

An Old Persian Proverb teaches that “One pound of learning requires ten pounds of common sense to apply it.” By applying this lesson when reading through Appendix 4 of the current SBA SOP 5010 5 (E) the NAICS Codes of Environmentally Sensitive Industries, lenders can save their borrowers time and money. I’ve had many lenders…

Understanding SBA SOP 5010 5 (C)

Posted on April 27, 2011 by Gary Reynolds

Since the latest revision to SBA’s SOP 5010 5 (C), that came out in October 2010, I have been asked some reoccurring questions in regards to the Environmental Requirements on 504 and 7a loans. One of those reoccurring questions is when there is a NAICS Codes match does it mean that I will have to have…

SBA 504 Refinance Updates

Posted on February 18, 2011 by Gary Reynolds

Small Business Jobs Act and rules for refinancing within the SBA 504 loan program

SBA Loan Requirements

Posted on January 23, 2011 by Gary Reynolds

In accordance to SBA’s SOP 5010 5 (C), when obtaining a 504 or 7a Loan SBA requires an Environmental Investigation of all commercial Property upon which a security interest such as a mortgage, deed of trust, or leasehold deed of trust is offered as security for a loan or debenture. The type and depth of…

SBA Environmental- A Guide to Environmental Reports and Requirements

Posted on January 13, 2011 by Gary Reynolds

Why SBA Requires Environmental Reports: The costs of Remediation could impair the borrower’s ability to repay the loan and/or continue to operate the business; The value and marketability of the Property could be diminished. If the borrower defaults, lender or SBA might have to abandon the Property to avoid liability or accept a reduced price for…

Phase I Environmental Site Assessment – SBA

Posted on January 5, 2011 by Gary Reynolds

You’ve been told you need to have a Phase I Environmental Site Assessment (ESA) and now may be looking for answers to the questions: Why you need one Where you get them How much they cost How long do they take Will it meet the Small Business Administration (SBA) environmental requirements . When ordering a Phase I…

Summary of the SBA’s SOP Environmental Policy Revisions in SBA SOP 50 10 5 (C)

Posted on September 12, 2010 by Gary Reynolds

The SBA published their latest update their environmental policy in SOP 50 10 5 (C). The SOP revisions take effect on October 1st, 2010 we should all bone up on a few of the new elements of SOP 5010 5 (C) (pages 199 – 206 & 310 – 317). One now technical, but important point,…

SBA Reports

Posted on April 9, 2010 by Gary Reynolds

Entry by: Gary Reynolds So what report do you need for your 504 or 7a loan? This depends on the current and past businesses that occupied your property. SBA has created a NAICS codes list of “Environmentally Sensitive Industries”. The type and depth of an environmental investigation to be performed varies with the risks of…

The Commercial Real Estate Informational Portal

Welcome to CRE-Expert.com

Author Archives: Gary Reynolds

Commercial Real Estate Education | Environmental Due Diligence | SBA Real Estate Finance

SBA SOP 5010 5 (E)- NAICS Codes for Environmentally Sensitive Industries

Environmental Due Diligence

Understanding SBA SOP 5010 5 (C)

Commercial Real Estate Finance | Real Estate | SBA Real Estate Finance

SBA 504 Refinance Updates

Environmental Due Diligence

SBA Loan Requirements

Environmental Due Diligence

SBA Environmental- A Guide to Environmental Reports and Requirements

Environmental Due Diligence

Phase I Environmental Site Assessment – SBA

Environmental Due Diligence | SBA Real Estate Finance

Summary of the SBA’s SOP Environmental Policy Revisions in SBA SOP 50 10 5 (C)

SBA Real Estate Finance

SBA Reports