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COMMERCIAL REAL ESTATE
NEWS
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Inspection Today ---
Sunday, February 5, 2012
report on your desk next week |
New
SBA 504 Refinance Program
In
an effort to help finance the significant volume of commercial
real estate loans that will mature between now and December 31,
2012, the U.S. Small Business Administration launched a new,
temporary 504 refi program. Structured much like the SBAs
traditional 504 loan program, borrowers cooperate with third party
lending institutions and SBA-approved Certified Development
Companies.
The
SBA began accepting applications for financing on February 28 and
will keep the program in effect until September 27, 2012. Congress
authorized SBA to approve up to $15 billion in loans under this
program ($7.5 billion in both fiscal 2011 and 2012). This funding
is designed to help small business owners who are having
difficulty refinancing loans because of record-high real estate
values when the loans were originated.
Contact
your SBA lender for details. For
an SBA fact sheet on the program, click here.
Note:
you will be directed off the usaDueDiligence.com site
Buy
a continuous read digital radon monitor now - know your home's
radon level every day.
Every
house has some radon and many have levels higher than
considered safe by the United States Environmental Protection
Agency (EPA). EPA recommends that levels in all homes be
less that 2 pCi/l.
Check the radon
risk exposure chart
to determine what risk is acceptable to your family.
Now
is the time to have your home tested for radon and the most
economical method is to test it yourself. EPA
recommends periodic radon testing due to the potential for radon
concentrations in any home to rise or fall over time as a result
of natural and normal changes in underground conditions.
Even if you tested your home last year and the radon risk
level was acceptable to you then, the radon risk level could
be very different now and that’s why we recommend annual
testing.
Another way to be confident that your radon levels are safe is to
install an digital
radon monitor
in your home.
You likely already have smoke detectors and carbon monoxide
detectors in your home and a radon detector functions in much the
same way with one outstanding difference.
An electronic radon detector has a digital display so you can
see at any time the radon level in your home displayed in pCi/l,
and your radon detector also has a siren to alert you if your
indoor radon level exceeds 4 pCi/l.
Smoke detectors and carbon monoxide detectors only alert
you when extreme conditions exist but radon detectors give you the
confidence of knowing average radon concentrations and whether the
are rising or falling.
An electronic radon detector allows you to monitor
radon levels in your home every day all year long.
click
here now for more information on radon
test kits and/or digital monitors from
RadonZone.
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