SBA 504 Loans

Eligible Locations:MSAs within the Continental U.S. exhibiting strong economic and property-type specific fundamentals
Eligible Use:Acquisition and Refinance of Owner-Occupied, Hospitality, Multi-Use and Special-Use Properties
SBA 504 Loan Amount:$1,000,000 $15,000,000
SBA 504 Loan Term:Up to 25 Years
Amortization:Up to 25 Years
Loan to Value:Up to 90% of FIRREA Appraised Value
DSCR :Minimum 1.30x DSCR on in-place cash flow
Processing Fee & Expense Deposit:$1,500 Processing Fee. $15,000 Expense Deposit
Reserves:Tax and Insurance
Sponsor (s):Creditworthy individual(s) acceptable to Lender with sufficient liquidity and net worth
Borrowing Entity:Operating entity that will occupy the commercial real estate
Assumability:Yes in case of building sale for $1000 assumption fee
Prepayment:5-Year Prepayment Penalties