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There are three partners in an SBA 504 loan—the borrower, a bank or other regulated lender, and a CDC. Typically the borrower must contribute 10% of the total project cost; their bank lends 50% at their own rate and term (as long as the term is at least 10 years), and has a first lien on the assets being financed; and the CDC lends 40%, with a second lien.
For the high mortgage rates that hurt the Myrtle Beach area’s real estate market in 2023, the St. Louis Fed’s economic data also shows that 30-year fixed mortgage rates have fallen from their ...
On April 23, 2013, it was reported by The Sun News that a California-based real estate investor and developer HomeFed Corp has acquired BEI-Beach LLC, who owns The Market Common and the undeveloped land around it, as well as other subsidiaries of Leucadia National Corp. Myrtle Beach city official say that the deal could lead to development moving forward quicker on some of BEI-Beach LLC's ...
Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in shopping centers containing upscale outlet stores in the United States and Canada. As of November 2023, the company owns and manages 36 outlet centers across the US and Canada comprising 14.0 million square feet and more than 3,000 stores. [2]
Tanger Outlets on Highway 17 in Myrtle Beach is opening a new shoe store in March 2024 as a summer and beachwear store recently closed. Here are the details
Ann Taylor is a small US chain of clothing stores for women. Clothing is targeted for fashion forward career women. Ann Taylor was founded in 1954. Loft, originally Ann Taylor Loft, was established in 1998 as an extension of the original Ann Taylor brand, offers more relaxed fashions for work and home, in the "moderate" priced category.
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The original Waccamaw Pottery building in Myrtle Beach is still standing, part of the Waccamaw Factory Shoppes complex, [5] once the nation's third-largest outlet shopping complex with more than 100 stores in 750,000 square feet of space on 80 acres. A fourth section was added in 1998 and a renovation of the entire complex was announced in ...