Author: Doug Fath

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)

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The information below was provided by SD Associates, Certified Public Accountants & Business Advisors. o: 215-517-5600 e: hsiegal@sdaccounting.com   On March 25, 2020, the Senate unanimously passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The CARES Act provides much needed stimulus to individuals, businesses, and hospitals in response to the economic distress caused by … Continued

Federal, Pennsylvania, & Philadelphia Covid‐19 Loan Offerings

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The information below was provided by SD Associates, Certified Public Accountants & Business Advisors. o: 215-517-5600 e: hsiegal@sdaccounting.com Below is a summary of the Federal, Pennsylvania & Philadelphia Covid-19 Loan Offerings:  SBA Disaster Loans ‐ Requirements include having acceptable credit history, demonstrate ability to repay loan, and collateral for all loans over $25 (real estate … Continued

4XX Windsor Avenue, Haddon Township, NJ 08108

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Total amount funded: $162,500 Appraised value: $325,000 Loan To Value (LTV): 50% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

7XX Sunnyside Avenue, Eagleville, PA 19403

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Total amount funded: $219,000 Appraised value: $365,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

2XX Royersford Road, Royersford, PA 19468

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Total amount funded: $201,000 Appraised value: $335,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

2XX West Wood Street, Norristown, PA 19401

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Total amount funded: $108,000 Appraised value: $175,000 Loan To Value (LTV): 61% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

1XX S 22nd St, Philadelphia, PA 19103

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Total amount funded: $315,000 Appraised value: $525,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee

8XX-8XX Morris Street + 3 Additional Properties

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Total amount funded: $1,475,000 Appraised value: $2,461,000 Loan To Value (LTV): 60% Collateral: 1st lien position against property Loan Terms: Interest Only for 12 Month Term Borrower is US Business entity along with a personal guarantee

2XX E Upsal St, Philadelphia, PA 19119

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Total amount funded: $120,000 Appraised value: $260,000 Loan To Value (LTV): 46% Collateral: 1st lien position against property Loan Terms: Interest Only for 6 Month Term Borrower is US Business entity along with a personal guarantee