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Secondary Market Access

Helping lenders access the 504 secondary market.

The secondary market for 504 first mortgage loans has been non-existent since the beginning of the credit crisis in 2008.

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Secondary Market Access (SMA) is a consortium of CDC's and financial companies that have organized to help 504 first mortgage lenders take advantage of the new SBA 504 first lien pool guarantee program that is set to begin in September, 2010.

 

SMA's primary organizer is Government Loan Solutions, Inc, a leading consulting company to the SBA lending industry.  SMA has partnered with major NY-based investment banks to purchase 85% participating interests of individual loans in order to form eligible loan pools.

Government Loan Solutions, Inc.

812 Huron Road

Suite 310

Cleveland, OH  44115

To contact GLS:

Phone: 216-456-2480

Fax: 216-456-2481

E-mail: info@glsolutions.us

SMA's role is to source transactions, package, audit, and facilitate funding on behalf of the Pool Originator.  SMA will be the point of contact for interested Sellers and will provide loan pricing bids, consultation, and assistance in all aspects of the new 504 pool guarantee program.

 

For more information on the SBA Pooling Program, please click here, or on “Program Details” on the menu on the above left.

 

For details of our services, please click here, or on “Lender Services List” on the above menu.

For the most recent Rate Sheet, please click here.