Conventional

  •  Investor Owned
  • Owner-Occupied

SBA 7(a)

  • Variable rate loan product tied to Wall Street Journal Prime plus a spread of 2.75%
  •  Loan is ‘guaranteed' by the SBA
  •  Loans from $250,000 to $5 Million
  •  51% of total square footage to be occupied by owner

 504

  •  Best for loans over $1 Million with long term occupancy

    Two loans:

  •  Conventional 1st 
    •  Loan funded by a traditional lender
    •  Maximum loan to value of 50%
    •  Pricing is typically a fixed rate
    •  20 to 25-year amortization
  •  Debenture 2nd 
    •  Loan funded by a Certified Development Company approved by SBA
    •  Maximum loan to value is 35%
    •  Pricing is a 20-year fixed rate
    •  Rate is not set until Debenture is ‘sold' and is typically set at the 10-year Treasury + 2.50%
    •  20-year amortization
    •  High prepayment fees and limited timeline to prepay annually
    •  Ultimate interest rate and amortization is a blend of the two loans

Portfolio Product

  • Common-sense underwriting
  • Concierge-like personal attention
  • No Minimum FICO (with min. liquidity, 
    no recent lates, and a good story)
  • Interest Only
  • Cash out 
  • Hold-backs
  • Earn-outs
  • Non-recourse available
  • Foreign nationals
  • No depository relationships