Tuesday, February 16, 2010

SBA 504 and Real Estate Investor Financing Opportunities

The US Small Business Administration is expected to get input of capital from the Obama Administration, and the “SBA 504” loan financing program is something for real estate investors to consider.
 
Examples of the types of projects eligible for SBA 504 financing:

  • Buying commercial-use land and buildings, plus ancillary costs such as street improvements, utilities, parking lots and landscaping.

  • Construction of new buildings and renovations of existing buildings to business-purpose use.

  • “Green” and energy efficiency rehabilitations to commercial real estate.
  • Under the SBA 504 program, borrowers can put down as little as 10 percent to buy a property, as compared with financing packages available to investors and owners in marketplace  where down payments of 40% are standard.

    SBA 504 Requirements:  

    (a) The real estate must be intended to house the borrower's business activities, in part or as a whole, and

    (b) that business activity should retain existing employment or create new jobs, generally one job for every $65,000 of loan money.

    Check out SBA financing information - click here.

     

    ________________

    Harrison K. Long, Realtor & broker, Explore Group, Coldwell Banker Previews, Irvine, CA.  CA DRE #01410855.  ExploreProperties@gmail.com.  Lawyer member of the California State Bar Association - State Bar number 69137.  Helping People with their Best Decisions About Real Estate at Orange County, California. 

     

    Posted via email from Explore OC Homes

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