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Updated over 6 years ago,

John Mireles's profile image
John Mireles's profile image
John Mireles
  • Landlord
  • from San Diego, California
  • Member since Jul 1, 2012
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User Stats

129
Posts
49
Votes
John Mireles's profile image
John Mireles's profile image
John Mireles
  • Landlord
  • from San Diego, California
  • Member since Jul 1, 2012
Connect
John Mireles
  • Landlord
  • San Diego, CA
49
Votes |
129
Posts
Commercial Real Estate Investing

Walking Away from an SBA Loan?

John Mireles
  • Landlord
  • San Diego, CA
Posted

Has anyone here ever defaulted on an SBA 504 loan. How is it dealing with Colson's Servicing? Did they attempt to enforce the personal guarantee? Was bankruptcy required?

How about a short sale? How was that handled? Did you have to stop making payments?

Any info on disposing of an SBA backed property that's underwater would be appreciated.

John

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