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May 2015 Archives

Refinancing commercial real estate loans

Even though the economy continues to improve, business owners in Kansas may still find it difficult to refinance commercial property loans due to strict lending criteria introduced in the wake of the 2008 financial crisis. Lawmakers understood the challenges faced by business owners, and changes were made to the Small Business Administration's 504 loan program following the crisis. The changes allowed entrepreneurs to refinance commercial loans on favorable terms, but the provisions expired in 2012 and have not been renewed by Congress.

CSC files lawsuit against Eric Pulier

Kansas investors may be interested to learn that CSC, the company that purchased ServiceMesh in Oct. 2013 for $260 million, has filed a lawsuit against ServiceMesh's CEO, Eric Pulier, in which it alleges fraud was committed in order to increase the company's value. At the time of the purchase, the high price was justified based on a large contract ServiceMesh had won with the Commonwealth Bank of Australia.

Artifacts from pirate Blackbeard's ship subject of litigation

Kansas residents who have taken trips to North Carolina may be aware of the state's connection to the pirate Blackbeard. Since Blackbeard's ship the Queen Anne's Revenge was discovered off North Carolina's coast in 1996, a tourist industry has been built around it. Historians believe that the ship sank there almost 300 years ago.

The advantages of the SBA 7(a) loan program

Kansas businesses that are looking to purchase or refinance commercial real estate may want to obtain some information about a type of small business loan that they may qualify for. These loans, backed by the government, are often easier to qualify for and have more generous terms for small businesses.

Our condo association was faced with monumental construction issues thanks to the original developer of our complex. We were cash poor and in no position to get legal representation without a contingency fee arrangement. Luckily for us, Scott Long and Burke Robinson were willing to take us on as clients. Their work ethic, professionalism and knowledge of condominium construction served our association very well. Any association would be well served in hiring these gentlemen to represent them.

Board of Directors - Plaza Gardens on the Lake Condominium Owners’ Association Lake of the Ozarks, MO

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