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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.
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In these letters to the editor, a reader writes about her thoughts on corruption in the S.C. real estate business. Gamecocks smoking, railroad workers, Kanye and Trump also addressed. | Opinion
In 1978, the company was founded as a real estate development company [4] by Robert Duncan. [5] During the recession of the late 1980s and early 1990s, the company converted into a services business. [4] Beginning in 1994, the company expanded into the West, Southwest and Midwest regions of the United States. [4]
In June 2007, The Real Deal was renamed The Real Estate Pros. At a fundraiser event in Charleston, Richard C. Davis, who heads Team Trademark, said he "intends to document the lodge’s rehabilitation as part of the real estate company’s reality series, due to air on TLC in April". The show had a five-year hiatus.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
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