How to purchase commercial real estate? Owners of small and mid-sized businesses can preserve capital and maximize cash flow to better afford the purchase of commercial real estate with the SBA 504 Loan Program. You receive all the benefits of ordinary bank financing but with less money down, longer fixed rate terms and below market interest rates.
The SBA 504 Loan Program enables 90% financing of the total project costs to preserve more capital for an appreciable asset while lowering current real estate expenses up to 40% instead of leasing, and up to 25-year fully amortizing terms to lessen the impact on cash flow while obtaining below-market, long-term fixed interest rates. Maturities of 10 and 20 years are also available.
There’s a great bonus: it allows the financing of closing costs and other normally out-of-pocket fees to be financed as part of the loan amount. Better yet, on top of all of this is a fantastic boon: the loan is assumable!
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