SBA 504 Loans in Miami
Max LTV
90%
Loan Amount
$300K- $20MM
Term
25 Years
Amortization
Fully Amortizing
Closing Time
45-60 Days
Loan Purpose
Acquisition, Refinance, Purchasing Equipment or Machinery, Building New Facilities, Paying for Improvements (street grading, parking lots, utilities), Renovating or Expanding Existing Facilities.
Property Types
Mixed-Use, Office Buildings, Retail, Shopping Centers, Warehouses, Light Industrial, Self-Storage Facilities, Hospitality, Marinas
Lending Areas
Nationwide
An SBA 504 loan is a commercial real estate financing product for owner-occupied properties. This is the only commercial real estate financing product that allows up to 90% financing. The financing is composed of two loans, a 50% commercial bankable loan first mortgage and a second, 40% financing loan that is guaranteed by the Small Business Administration (SBA).
While the first 50% loan has a traditional commercial loan structure with a 5 year fixed period, and a second 5 year adjustable period for a total loan term of 10 years with 25 year payment amortization (5/10/25), the second mortgage for 40% is fixed for the entire 25 or 30 year term of the loan.
Very much like a commercial bankable loan, this product demands a stringent underwriting standard in order to facilitate a borrower with the highest leveraged commercial loan product available in the market.
Other Commercial Loan Products:
