Sunday, April 03, 2011

SBA 504 Refinance law changes

There have been many changes to the SBA 504 Refinance program. Soon you will be able to get cash out on them we feel. Give us a call to see if this product is for you.

SBA 504 – Loan Benefits

Top 10 Reasons to get a SBA 504 loan for Owner-Occupied Commercial Property


1. Ninety percent (90%) financing of the total project costs for commercial real estate purchases. This allows business owners to preserve more capital.

2. Longer Loan Amortizations available for a lower payment.

3. Much smaller impact on Cash Flow with only 10% down.

4. Up to 40% Reduction in Real Estate Expenses in owning VS. Renting

5. Finance Closing and Other Soft Costs into the loan

6. No Balloon Payments or Calls

7. Thirty (30)-Day Closes
Closing the loan in as little as 30 days is the norm.

8. Dealing with a specialist makes the process easy

9. Below Market Interest Rates with 504 loans.

10. Assumable Loans
Future sales of properties financed by our 504 loans are benefited by having assumable mortgages at today's historically low interest rates.This is HUGE. What if rates are in the 14s and you have a property with a 5% assumable loan for sale. = SOLD!

We also have stated income and Private Money available as well.

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