Los Angeles

A recent study found that half of all deals that fall out of escrow have difficulty meeting loan requirements. While there is ample capital in the market today for a variety of deals, some borrowers still find securing debt challenging. For borrowers unable to secure a loan through a traditional lending source, there are options. Private lenders have become a popular source of capital for deals that don't meet standard requirements, particularly with SBA loans.

“The small business administration lending platform can assist borrowers who do not qualify for a conventional loan's underwriting requirements,” Carson Lappetito, president of Sunwest Bank, tells GlobeSt.com. “The SBA programs can be used to help finance a variety of transactions including real estate acquisition, commercial equipment, business acquisitions and partner buy-outs. The Small Business Administration provides a partial guarantee of the loan or a subordinated note to help augment the credit of the borrower.”

The loan program works with a pretty broad swath of borrowers, from family offices to real estate developers. We believe in operating in specific niches where we can provide our clients with deep industry expertise,” says Lappetito. “Our typical lending size is $5 million to 15 million and we provide depository services to institutions of many sizes across the Western US.”