{"id":76,"date":"2021-08-11T12:50:49","date_gmt":"2021-08-11T12:50:49","guid":{"rendered":"https:\/\/libertysbf.alliancetek.net\/?page_id=76"},"modified":"2022-08-24T08:42:19","modified_gmt":"2022-08-24T08:42:19","slug":"sba504","status":"publish","type":"page","link":"https:\/\/libertysbf.alliancetek.net\/index.php\/loans\/sba504\/","title":{"rendered":"SBA 504"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes loan-table\"><table><thead><tr><th><\/th><th><\/th><\/tr><\/thead><tbody><tr><td><strong>Eligible Locations:<\/strong><\/td><td>MSAs within the Continental U.S. exhibiting strong economic and property-type specific fundamentals<\/td><\/tr><tr><td><strong>Eligible Use:<\/strong><\/td><td>Acquisition and Refinance of Owner-Occupied, Hospitality, Multi-Use&nbsp;and Special-Use Properties<\/td><\/tr><tr><td><strong>SBA 504 Loan Amount:<\/strong><\/td><td>$1,000,000 $15,000,000<\/td><\/tr><tr><td><strong>SBA 504 Loan Term:<\/strong><\/td><td>Up to 25 Years<\/td><\/tr><tr><td><strong>Amortization<\/strong>:<\/td><td>Up to 25 Years<\/td><\/tr><tr><td><strong>Loan to Value:<\/strong><\/td><td>Up to 90% of FIRREA Appraised Value<\/td><\/tr><tr><td><strong>DSCR :<\/strong><\/td><td>Minimum 1.30x DSCR on in-place cash flow<\/td><\/tr><tr><td><strong>Processing Fee &amp; Expense Deposit:<\/strong><\/td><td>$1,500 Processing Fee. $15,000 Expense Deposit<\/td><\/tr><tr><td><strong>Reserves:<\/strong><\/td><td>Tax and Insurance<\/td><\/tr><tr><td><strong>Sponsor (s):<\/strong><\/td><td>Creditworthy individual(s) acceptable to Lender with sufficient liquidity and net worth<\/td><\/tr><tr><td><strong>Borrowing Entity:<\/strong><\/td><td>Operating entity that will occupy the commercial real estate<\/td><\/tr><tr><td><strong>Recourse:<\/strong><\/td><td>Full-Recourse<\/td><\/tr><tr><td><strong>Assumability:<\/strong><\/td><td>Yes in case of building sale for $1000 assumption fee<\/td><\/tr><tr><td><strong>Prepayment:<\/strong><\/td><td>5-Year Prepayment Penalties<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eligible Locations: MSAs within the Continental U.S. exhibiting strong economic and property-type specific fundamentals Eligible Use: Acquisition and Refinance of Owner-Occupied, Hospitality, Multi-Use&nbsp;and Special-Use Properties SBA 504 Loan Amount: $1,000,000 $15,000,000 SBA 504 Loan Term: Up to 25 Years Amortization: Up to 25 Years Loan to Value: Up to 90% of FIRREA Appraised Value DSCR [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":96,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/sba-504.php","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-76","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/pages\/76","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/comments?post=76"}],"version-history":[{"count":50,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/pages\/76\/revisions"}],"predecessor-version":[{"id":7615,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/pages\/76\/revisions\/7615"}],"up":[{"embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/pages\/96"}],"wp:attachment":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/media?parent=76"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}