McCallum’s Musings on Commercial Loans

McCallum’s Musings on the Market!

• Wholesale prices rose sharply in February, providing another sign that inflation continues to persist even aside from rising energy prices.
• Current U.S. 10-year Treasury yield at 4.40%; concern for significant shock at 4.5%.

New Correspondent Program Announcement: With the SBA’s eligibility limitation to citizens, many business owners cannot access credit. Up to 80% LTV with 20% owner-occupancy requirement for conventional loan program for general purpose properties. 30 fully amortized loan; six 5yr fixed interest rate loan periods. This is eligible for US Citizens and LPR’s (green card holders), we hope to fill a gap left by the changes in the SBA policy.

McCallum’s Music Pick: Phantom Force by HAVOK

Case Study

• Northern California plumbing company
• $1,700,000 
• 10 year variable interest rate

John McCallum, Borrower’s Advocate, completed this $1,700,000 loan transaction for a plumbing company in Northern California. The owner had already completed the business purchase and was in contract to purchase the building. To accomplish the building acquisition, the owner first needed to refinance the business debt. Sourcing new capital to accomplish the transaction, John McCallum closed the loan to provide the owner another opportunity to continue their success.

Featured Article

DEMAND FOR NEWER INDUSTRIAL ASSETS HITS MULTIYEAR HIGH: Net absorption in late 2025 was dominated by warehouse properties completed since 2020 — the strongest performance in over a decade. Leasing activity for spaces >500K SF rose 32% YoY.