Liberty SBF Closes $1.6MM SBA 504 Loan for Warehouse Acquisition in FLMarch 4, 2019
A dent-and-scratch appliance supply company near Orlando, Florida recently acquired a 34K square foot warehouse with a $1.6MM SBA 504 loan from Liberty SBF. The deal closed within a very tight timeframe even allowing for a delay due to the government shutdown.
Liberty SBF provided 90% LTV financing with both a first and interim second lien loan allowing the business owner to preserve cash for working capital. Florida Business Development Corporation partnered with Liberty SBF on the deal and will provide the government guaranteed second lien loan when the debenture funds. By purchasing this property, the business owner is saving money on monthly, rent improving cash flow.
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Liberty SBF offers personal service for SBA 504, bridge and conventional loans. We’d love to help you.