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SBA 504 Loans

 

Loan Highlights

   
Loan Amount

$100,000 to $2,600,000

 

Property Types

Retail (anchored, shadow anchored and unanchored), Industrial,
Office, and Self-Storage

 

Term

10 years (7 and 15 year terms available) on Lender’s trust deed,
20-year fixed rate and amortizations available on CDC Small Business Finance 2nd trust deed/note

 

Amorization

20 to 25 years based on property type, age and condition

 

Interest Rates

Fixed Rate

 

Loan-to-Value

Not to exceed 50% on Lender’s 1st trust deed; and 90% on
CDC Small Business Finance 2nd trust deed

 

Prepayment

Lockout period as short as 24 to 36 months. Any prepayment
penalty will be based upon the remaining term of the loan.

 

Cash Requirement

10% Cash Down-payment Requirement

 

Minimum Debt

Typically 1.25x or >

 


Owner Occupancy

51% or greater

 

 

 

 

 

 

 

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