Weighing the benefits of leasing or owning real estate is important for any business, but Nevada real estate professionals said there’s no definitive answer to which option is best. Both leasing and owning real estate offers businesses advantages and disadvantages and the decision of which route to take is up to the leadership at each company, said Jeff Jenkins, executive … [Read more...]
Bank of Nevada is Southern Nevada’s #1 Participating Lender in SBA 504 Program, Year-to-Date
LAS VEGAS - Small businesses are the economic engine creating the majority of jobs in Southern Nevada. Bank of Nevada is proving its commitment to this important business sector by becoming the number one participating lender in Southern Nevada — year-to-date in 2016 — in its partnership with TMC Financing and the Small Business Administration’s (SBA) 504 Program. The … [Read more...]
Red Rock Fertility Expands with SBA 504 Loan From TMC Financing
Red Rock Fertility, a Las Vegas-based fertility center, has purchased a new building at 9120 W. Russell Road in Southwest Las Vegas. The two-story, 12,500-square-foot building was purchased with an SBA 504 loan from TMC Financing and a conventional loan through Bank of America. TMC Financing provided $1.7 million of the project’s $4.7 million total cost. According to Red … [Read more...]
TMC Financing Provides SBA 504 Loan to Hyundai’s Only
Hyundai’s Only, a Las Vegas-based auto repair shop, has purchased three buildings it had previously been leasing in Southwest Las Vegas. With the help of TMC Financing and an SBA 504 loan, the company now owns 12,275 square feet of service bays and storage facilities at 5410 Spring Mountain Road. TMC Financing provided $537,000 of the project’s $1.3 million total cost. The … [Read more...]
Keller Williams Southern Nevada Purchases New Office Space With Help From TMC Financing
Keller Williams Southern Nevada has purchased an office building with the help of TMC Financing and the SBA 504 loan program. TMC Financing provided $1.3 million of the project’s $3.1 million total project cost for Keller Williams’ 15,224 square foot office space. The balance of the loan was provided by Bank of America. The new Keller Williams Southern Nevada office is now … [Read more...]
Groundbreaking for Downtown Las Vegas Clinic; Wells Fargo Invests in Southern Nevada; Home Prices Holding Steady
Volunteers in Medicine of Southern Nevada Hosts Groundbreaking Event for Clinic in Downtown Las Vegas Groundbreaking ceremony for VMSN’s new downtown Las Vegas clinic. Members of the community are invited to attend and receive information about the project. [Read more...] Wells Fargo Invests in Southern Nevada through Las Vegas Global Economic Alliance's 'Engage Southern … [Read more...]
Clark County Builds 80 Percent of State’s Small Business Healthcare Facilities
In the past 5 years, from 2009 through 2013, 80 percent of Nevada’s SBA 504 loans for healthcare facilities have been funded in Southern Nevada. According to Clark County’s largest SBA 504 lender, TMC Financing, 83 medical facilities have utilized the SBA’s commercial real estate financing program in Clark County, resulting in more than $100 million in funding. “The rate of … [Read more...]
Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer
Las Vegas Will Launch 1 Million Cups to Educate, Connect Local Entrepreneurs 1 Million Cups, a program to engage, educate and connect entrepreneurs, launched in Las Vegas on Wednesday, August 13. The weekly event will be located in the inNEVation Center, powered by Switch. 1 Million Cups is a weekly gathering that is building startup communities over cups of coffee and … [Read more...]
TMC Financing Secures $5 million SBA 504 Loan to Las Vegas Events Studio
TMC Financing, Clark County’s largest provider of SBA 504 loans, worked with JP Morgan Chase to finance a $5.02 million events studio for Fresh Wata. Ann Santiago served as TMC’s business development officer for the transaction and Leo Biedermann of Commerce/Cushman and Wakefield Alliance was the buyer’s broker. The financing package was used to purchase a building located … [Read more...]
Hospice Collecting School Supplies for Students in Need
Nathan Adelson Hospice locations will serve as drop-off points to collect school supplies for local elementary students. The hospice will be collecting supplies for students at Robert L. Taylor and Sunrise Acres elementary schools. The drive continues until Aug. 18. “Many schools unfortunately suffer from a lack of funding, and a large number of students can’t afford many … [Read more...]
Bonanza Cat Hospital Expands Thanks to SBA Loan Secured by TMC Financing
One of Southern Nevada’s few 24-hour cat hospitals is expanding. Bonanza Cat Hospital has moved into a larger facility to serve its growing patient base, with funding from an SBA 504 loan through TMC Financing. The $958,000 loan allowed the hospital to expand into a new 6,883 square foot full-service cat hospital. The first lender on the loan was Chase Bank. “An SBA 504 … [Read more...]
CCIM: Join the Club
After Nevada’s economic downturn and resulting real estate crash had begun, Cindy Santilena, a Las Vegas commercial real estate lender for small businesses and entrepreneurs, was looking for a way to highlight herself and her company when working with other industry professionals during a struggling, competitive market. She decided to pursue a CCIM, a prestigious certified … [Read more...]
Foundation Raising Funds for Veterans Memorial in Downtown Las Vegas
A local foundation is raising money to build a "world-class" veterans memorial in downtown Las Vegas. The Las Vegas Veterans Memorial Foundation is seeking $2.2 million through its Brick Campaign, where bricks are being sold at a range of $250 to $550. All bricks can be purchased in honor of a veteran and customized with the veteran's name, rank, dates of service and … [Read more...]
TMC Financing Celebrates Celebrates Small Business Week
This week the Small Business Administration celebrate National Small Business Week in cities across the country. Events in San Francisco, Kansas City, Boston and Washington DC are joined by free webinars designed to help small business owners and entrepreneurs improve their businesses. Locally, TMC Financing is Clark County’s leading provider of SBA 504 loans that help small … [Read more...]
Several SBA Loan Requirements Eliminated
The U.S. Small Business Administration made significant changes in qualification for SBA 504 loans. The changes include elimination of "the personal resource test" and "the nine-month rule". These modifications mean businesses will have an easier time qualifying for SBA loans, according to a recent statement by TMC Financing. “By eliminating the nine-month rule for … [Read more...]
New Regulations for SBA 504 Loans Make it Easier for Nevada Business Owners to Qualify
Las Vegas - This week the U.S. Small Business Administration made effective two major changes for qualification of SBA 504 loans. The changes will make it easier for businesses to qualify for SBA loans and encourage business growth and job creation. Effective April 21, the SBA has eliminated several requirements for its 504 business loan program. The changes … [Read more...]
Nevada Real Estate & Development Report: April 2014
E Sale, Retail ADDRESS 5050 E. Russell Rd., 89122 BUYER Wyandotte, Inc SELLER Kathleen & Adrian Varni Trust DETAILS 24,034 SF; $2,200,000 APN 161-28-401-011 BUYER’S REP Neil Dela Cruz of MDL Group SELLER’S REP Katherine Bergh of Marcus & Millichap Loan, Office ADDRESS 2575 E. Sahara Ave., 89104 BORROWER Reliable Auto Sales LENDER TMC Financing and Zions … [Read more...]
Nevada State Bank Expanding Mortgage Team to Meet Demand
Nevada State Bank is "gearing up" for increased mortgage demand. The bank is expanding its team of loan officers to handle a purchase market that is picking up steam, according to a recent statement. “While other organizations are downsizing the large refinance teams they have built over the last few years, Nevada State Bank is growing our purchase team to handle the … [Read more...]
Nevada Real Estate & Development Report: March 2014
E Lease, Industrial ADDRESS 4935 Steptoe St. Ste 500, 89122 TENANT Charming Exhibition Inc. LANDLORD Lomas Regency LLC DETAILS 5,850 SF; $22,464 for one year REP (BOTH) Jarrad Katz, CCIM and Galit Kimerling of MDL Group H Project, Office ADDRESS 875 Warm Springs Rd., 89011 DETAILS Cadence, the 2,200-acre planned community in Henderson has begun construction on a … [Read more...]
Southern Nevada Home Prices Stable
Southern Nevada home prices for January were unchanged from the previous month. That is according to the most recent statistics released by the Greater Las Vegas Association of REALTORS (GLVAR). The median home price for a single-family home sold was $185,000. That is over 23 percent higher than January of last year. “January is usually one of our slowest months for home … [Read more...]
