SBA Loans

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Completed
Final approval has been obtained and the loan has been funded
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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.

Completed
(Funded on Jan 2018)
- Financing Required: $650,000
 
- Purchase of the real estate property for owner-occupied use
- Convert the existing property to dental office
- 90%  Financing for purchase of the real property and 80% financing for construction
- Satisfactory cash flow from the borrower's existing business
- The current dental office is only few blocks away from the subject.
 
- Over 10 years of experience

Result:

Interest Rate: 4.25 Fixed for 10 Years

Term: 30 Years

Highlights: 120% Financing, including the cost of leasehold improvement.