Warehouse Property Loan Closed: $1.8MM SBA 504 Acquisition Financing
Liberty SBF provided a $1,849,230 SBA 504 loan to acquire a warehouse located in Commerce City, CO for a marine body repair and detailing shop. The borrowers’ previous location was sold, and they needed to relocate.
The subject property is nearly identical to their previous location. The 11,940 SF industrial building will also allow the borrowers to grow their business. The Property is located five miles northeast of Denver’s Central Business District in a large industrial submarket. The borrower will occupy 100% of the property. This SBA 504 loan represents nearly 90% LTV financing for the acquisition.