MANSFIELD, Texas, Dec. 15, 2016 /PRNewswire/ — /Texas Real Estate Business/ — Pioneer Realty Capital, LLC, a leading Texas based Commercial Mortgage Non-Bank Lender, has closed a $7,200,000 loan to refinance the Villa Asuncion Assisted Living Facility.
In an effort to make capital available to small business owners, the Obama Administration reinstated the 504 Debt Refinance Program in December 2015. The program is intended to help small business owners obtain access to capital and create liquidity. Pioneer Realty Capital made use of this program to refinance the Villa Asuncion Assisted Living Facility, which resulted in a decreased interest rate from 7.2% down to 4.25%. The increase in cash flow allows the business to grow and create more jobs as intended by lawmakers.
“This is a great program for small business owners, however I am afraid that relatively few small business owners will be able to take advantage of the program due to the complexity of these loan structures. Currently, the antiquated SBA rules restrict Commercial Mortgage Financing Professionals from being paid to assist business owners in structuring and placing the debt.
Few small business owners have the expertise or time to structure complex loan requests. Small Business owners who lack such expertise are in effect, restricted from participating in the 504 Debt Refinance Program. I hope Congress will recognize that this is a problem and will instruct the SBA to allow small business owners to engage Commercial Mortgage Financing Professionals for assistance.” Mr. Charles Williams – Managing Director
About Pioneer Realty Capital, LLC – Pioneer Realty Capital, LLC approaches commercial mortgage lending with the client in mind. They understand that each commercial real estate mortgage is unique and many don’t fall within general lending guidelines. Business owners and real estate investors frequently need innovative financing structures tailored to a unique situation. Pioneer Realty Capital’s objective is to present customized capital structures that address and satisfy the concerns of all stakeholders to achieve successful transaction execution.
Pioneer Realty Capital, LLC is a non-bank lender representing publically traded private debt funds as well as a national network of capital and participating partners. Their lending programs provide commercial real estate owners and investors with access to non-bank lending sources that include pension funds, life insurance companies, real estate investment trusts, hedge funds, investment and regional banking firms.
The firm is headed by its founder and Managing Director, Mr. Charles Williams, MBA, EA.
Contact: Charles Williams, MBA, EA
Pioneer Realty Capital, LLC
2363 Hwy 287 N Ste. 203
Mansfield, TX 76063
Phone (682) 518-9416
Fax (817) 422-0846
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pioneer-realty-capital-llc-closed-a-7200000-loan-to-refinance-villa-asuncion-assisted-living-facility-located-in-princeton-tx-using-the-sba-504-debt-refinance-program-signed-into-law-in-december-2015-300378999.html
SOURCE Pioneer Realty Capital, LLC
Copyright (C) 2016 PR Newswire. All rights reserved