SBA 504 Loans

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MacGregor & Knight offered the lowest rate with the shortest closing time. They really helped us achieve our financial goals.

Amanda Seyfried

SBA 504 Loans for Commercial Real Estate
SBA 504 Loans for Owner-Occupied Commercial Real Estate Financing Up to 90% of Cost

Very few individuals realize that the SBA offers commercial real estate lending, but they do!

SBA 504 loans are not offered for apartment properties, but rather are available for owner occupied commercial properties including office buildings, hotels, daycare facilities, retail buildings and more. The commercial property must be greater than 51% owner occupied.

In addition, the SBA provides SBA 7a financings which feature greater overall flexibility and could be utilized not only for purchasing or refinancing commercial real estate, but for working capital, equipment finance and other uses.

Call us today toll-free at (833) APT-LEND to consult with a multifamily SBA 504 loan expert, or complete this form to arrange for a complimentary assessment.

Sample SBA 504 Financing Loan Terms

Loan Amount: Up to $14 million.

Loan Term: 20 – 25 Years (fully amortizing)

Rates: Starting at 5.50% (Prime + 1.25% – 2.75%)

Loan to Value: Up to 90% LTC (80% on hotels and motels)

DSCR: Minimum 1.20x DSCR on existing cash flow

Reserves: Taxes and Insurance

Credit Score: 680+

Recourse: Full-Recourse

Assumability: Yes in event of property sale with nominal fee

Prepayment: 5-Year Minimum

Properties: Owner Occupied: Hotels, Restaurants, Office, Mixed Use, Retail, Gas Station/C-Store, Day Care, Medical Office, Assisted Living, Warehouse/Manufacturing, Self Storage, Industrial, Land (not multifamily and apartments).

MacGregor & Knight Multifamily Loan Specialists

Lower Rates, Responsive Experts, Quick Closings, Quality Customer Service

Multifamily Loan Options Include:

  • LTVs from 80%
  • Fixed rates from 3.75%
  • Amortizations from 30 years
  • Non-recourse
  • 45-day closings

Contact Us Today!

Call Toll Free: (833) APT-LEND