Results 1 to 2 of 2
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02-19-2024, 12:34 PM #1
- Join Date
- Oct 2012
- Posts
- 142
25 year Loan Program
Loan Amounts: Up to $15,000,000.
Purpose: Ideal for refinancing SBA 7a loans on 10-year terms or other debts with shorter duration's.
Loan Structure: Fully amortizing with minimal or no covenants.
Collateral Requirements:
- Eligible for a 25-year term if at least 30% secured by primary commercial or residential real estate.
- Eligible for a 25-year term if at least 51% secured by junior primary commercial or residential real estate.
Pricing: Competitive rates starting from 5-Year Treasury + 6.5-7.5%.
Processing Time: Typically, 3-4 weeks for underwriting and an additional 3-4 weeks to close.
Can be funded along with lenders providing revolving lines of credit.
Howie Dane
President
Funding Sources for Business
president@fundingsourcesfiorbusiness
1067 Deerfield Place-Second Floor
(847) 831-4118Howie Dane
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02-19-2024, 10:24 PM #2
sounds like SBA 504?
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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