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5 Tips to Accelerate the Liquidation of the 1st Loan in an SBA 504 Loan

Please click on the link below to view the Powerpoint presentation prepared by Mitchell C. Fogel for a recent Webinar he did with Coleman Publishing that presented 5 Tips to Accelerate the Liquidation of the 1st Loan in an SBA 504 Loan.  This Webinar provided tips and suggestions on how the Third Party Lender, a loan servicer or liquidator, and/or an attorney, in regard to the Third Party Lender’s 1st loan in an SBA 504 loan transaction, can proceed to best handle the liquidation of the Third Party Lender’s 1st loan, all in compliance with:

  1. State and local laws;
  2. the Authorization for Debenture Guarantee (SBA 504 Loan); and
  3. the documents executed by the Lender of the Loan, such as the Third Party Lender Agreement (SBA Form 2287) or, for closings prior to August 2007, the Prior Lienholder’s Agreement (SBA Temporary Form 2104)

The purpose of the Webinar and the Powerpoint is to provide attendees and readers with a better understanding of the Third Party Lender’s duties under the Authorization, the Third Party Lender Agreement (or the Prior Lienholder’s Agreement), and related documents controlling the Lender’s rights and obligations in connection with the Loan vis a vis the SBA loan and, through greater knowledge, the Third Party Lender will be able to accelerate the liquidation process of it’s Loan.

Powerpoint Link:  5 Tips to Accelerate the Liquidation of the 504 1st Loan

 

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