25-Year Fixed Rate Refinance:


20-Year Fixed Rate Refinance:

Estimated 10-Year Fixed Rate Standard:

Estimated 10-Year Fixed Rate Refinance:

Official monthly SBA 504 effective interest rate tables can be found at 鹰 合规管理有限责任公司. 25- and 20-year term loans fund every month; 10-year term loans fund every other month. Effective interest rates are inclusive of servicing fees, which are subject to 申请人的信用风险.

Servicing the States of Alabama, 佛罗里达, and Georgia.

SBA 504 Loan Helps Restore Iconic 佛罗里达 Beach Motel

自1946年以来一直欢迎客人, the Salt Air Motel in Atlantic Beach has become an icon of a time gone by, where the entire family would load up the family “truckster” and head out for an adventure on the open road.

Many times along this stretch of 佛罗里达 coastline, these adventures led surf seekers to the doors of the Salt Air Motel located near the Beaches Town Center area, 哪个是心脏 Atlantic Beach and Neptune Beach, and referred to by the locals as “The Corner” – a pedestrian friendly entertainment destination with several shops, 餐厅, 酒吧和 hotels/motels that extends from the ocean three blocks west to A1A.

Having founded Beach Life Rentals, 一站式自行车商店, paddleboards, 冲浪板, surfboards and kayaks as well as tables and chairs for beach use, Curt DeWitt knew the value of 这个标志性的汽车旅馆地标.

Partnering with a long-time friend, 凯尔Stucki, the pair set out to purchase and revitalize the Salt Air.  The property consists of four structures – three single-story motel 共5幢,302 square feet built in 1946 and a two-story, 1,652-square-foot building developed in 1975.

总成本是1美元.700万年, the partners worked with 佛罗里达 First Capital and financed the project through the Small Business Administration (SBA) 504 Loan Program, 允许他们 take full advantage of significant cost saving benefits offered by the program.  Key among these are a low down payment structure, below-market fixed interest rates and long amortization terms that keep out-of-pocket expenses low and enable the crucial preservation of working capital.

然而, in order to secure the interim financing needed for the lengthy renovations, the commercial lending partner in the 504 deal turned to a program offered by 佛罗里达 First Capital known 作为504过桥十大正规赌平台平台.

下 SBA 504十大正规赌平台平台计划, commercial lenders partner with a certified development company like 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 持有第二按揭.  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 the second mortgage by the SBA, during which time the commercial lending partner is at risk on the second mortgage.

The 504过桥十大正规赌平台平台计划 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 offered through the 504 program takeout occurs.

“We were able to offer a complete financing solution for the Salt Air project between a 504 loan and an interim bridge loan,克里斯汀·塔克特说, 佛罗里达第一资本公司 President and Business Development Officer for Northeast 佛罗里达.  “The 504过桥十大正规赌平台平台计划 is great for projects where construction plays an important and often times lengthy role in the process and helps make for a smooth transition to permanent financing by alleviating interim risk for our commercial lending partners.”