SBA Loans
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Completed
Final approval has been obtained and the loan has been funded
Completed
(Funded on April 2019)
- Financing Required: $1,500,000
- Purpose: Purchase of Retail-Property (4 Units)
- Property Type: Retail
- Target Rate: below 5.75% fixed rate for minimum 5 years / 25 years
Highlights
- Two of the units will be occupied by the owner's business
(Dental Office)
- Historically proven cash flow to service the debt
- Great visibility from the major street
- Potential to increase the rent and convert to NNN
Completed
(Funded on September 2018)
- Financing Required: $550,000
- Purchase of the Existing Business (Liquor Market)
- Business has been operating for over 30 years
- Current seller has been operating for 12 years
- Excellent cash flow with average DCR 1.35 x
- Buyer's extensive experience (over 20 years)
- Solid customer base (90% of customers are repeat customers)
- Financing Required: $377,000
- Purchase of the Existing Restaurant Business
- Business has been operating for over 15 Years
- Excellent cash flow with average DCR 1.42 x
- Increasing trend of revenues for the past 3 years
- Prime location of the business
Completed
(Funded on March 2018)
Result:
- Loan Type: SBA 7(a)
- Interest Rate: WSJ P + 1.50%
- Term: 10 Years
- Highlights: SBA Packaging fee $1,500 waived
- Financing Required: $3,735,000
- Purchase of Industrial Warehouse Property (29,040sf)
- Business has been operating for over 20 Years
- Current tenant at the subject property
- Excellent cash flow with average DCR 1.57 x
- Stabilized sales revenue and solid customer base
Completed
(Funded on Jan 2018)
Result:
- Loan Type: SBA 504
- Interest Rate: 4.125% Fixed Rate for the 1st Loan
- Term: 7 Years / 20 Years due for the CDC Loan
Highlights:
- 10% Down Payment
- Closed within 30 days from the escrow opening date.
