十大正规赌平台平台 Today to Get Started on Your SBA 504 Loan-十大正规赌平台平台

504过桥十大正规赌平台平台计划

504过桥十大正规赌平台平台计划 Provides Interim Phase Second Mortgage Financing for 商业 Lending Partners.

下 Small Business Administration (SBA) 504 十大正规赌平台平台, commercial lenders partner with a certified development company (佛罗里达 First Capital) to provide small business owners with up to 90% financing for the purchase of owner-occupied commercial real estate and/or fixed machinery and 设备.

通常, a 504 loan is structured whereby a commercial lending partner finances 50% of the project and holds the first mortgage. 佛罗里达 First Capital/SBA finances 40% of the deal and holds 第二次按揭. The borrower provides a 10% down payment.

One of the most critical stages for a commercial lending partner in an SBA 504 loan project is the interim phase between the commercial lending partner’s closing and the permanent takeout of 第二次按揭 by the SBA, during which time the commercial lending partner is at risk on 第二次按揭.

The 504过桥十大正规赌平台平台计划 available through 佛罗里达 First Capital addresses this exposure and timing difference by providing commercial lending partners with bridge loan funds to cover the second mortgage during the interim period of the project until the permanent SBA second mortgage takeout occurs.

504过桥十大正规赌平台平台基础

504 bridge loan sizes range from $250,000 (recommended minimum) to $5 million (legal maximum). Generally, the total project limit is $20 million. (The $20 million restriction applies to the principal amount of the loan directly supported by the State Small Business Credit Initiative (SSBCI), plus all other loans for the same loan purpose that close on or about the same 日期.)

The initial term is six (6) months with automatic extensions with pricing adjustments after 1 year.

Bridge loan funds may be used for interim project financing of 第二次按揭 of authorized SBA 504 loan projects, including straight acquisitions, renovations or build-out projects, ground-up construction and/or fixed heavy duty machinery and 设备 purchases.