Title Insurance 4x purchase price

by a searcher from Northwestern University - Kellogg School of Management

1 year ago

Anyone ever hear of SBA lender requiring title insurance at at a value that covers both the RE and Business. Effectively 4x the real estate value? 

Is this common?
I would think Title insurance covers the RE and the Business is a cashflow loan?

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2 comments

professional from University of Michigan - Ann Arbor

This would likely be some sort of bonding issue. Feel free to ping me if you want to discuss more. We can figure out a lot from a conversation. I work in benefits, but there is a guy in my office (also a Northwestern - Kellog guy, by the way) who definitely knows more.

1 year ago | like reply | 1 like

professional from University of Michigan - Ann Arbor

Checking in with someone at my firm. Will get back shortly.

1 year ago | like reply | 1 like

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