SBA 504 Loan Program For Real Estate
At Abel Commercial Funding, we take pride in being able to provide permanent long-term financing to small businesses in Rockville, MD. Our SBA 504 Loan Program is made available through the Small Business Administration (SBA), and we are fortunate enough to be among the few SBA Preferred Lenders – which means we can fast track small loan applications.
Eligible Properties In Rockville, MD
Almost any for-profit business in Rockville, MD is eligible for SBA financing, however commercial real estate must be partially occupied by the owner or borrower.
Our SBA 504 loan program includes the following:
- Up to 90% financing available for real estate construction, refinance, or acquisition in the Rockville, MD area
- Up to 80% financing for equipment leasing and financing
- Market competitive fees for first mortgages
- Up to 25 year terms on real estate loans terms for first time mortgages
- Up to 20 year terms on real estate for second mortgages. Fixed rate is determined at SBA guaranteed 504 debenture sale. 2.75% plus legal review fee. This fee is financed by the loan itself. There are also fees the usual closing costs, construction loan fees (only if applicable), and bridge fees).
- Financing is available for projects in Rockville up to $12,000,000. Abel Commercial Funding usually provides a first mortgage of up to 50% of the total loan-to-value. This loan can range from $100,000 on up to $3,000,000. The SBA, through a Community Development Company (CDC) provides up to 40% loan-to-value in a second lien position. This loan can range from $100,000 to $5,000,000.
Abel Commercial Funding will work with you to figure out the best strategy for our real estate acquisitions. As SBA Preferred Lenders we can expedite processing on SBA 504 Loan applications, which sets us apart from traditional lending institutions. Whether you need an SBA 504 Loan for renovating a multifamily apartment building, purchasing a shopping center, refinancing an existing mortgage on a commercial property, or building a new healthcare facility or hotel in the Rockville area, Abel Commercial Funding has the a team of professionals with decades expertise in finance. We believe in working directly with our clients to devise customer strategies and solutions for their business and investing needs.
If you would like to learn more about our SBA 504 Loan Program, or any of our other real estate acquisition solutions, contact Abel Commercial Funding today at 301-200-9801.