Non-Bank Lenders for SBA 7a and 504 Loans

💡 Looking for an Unsecured Term Loan with great rates and an easy application? Check out https://investorfinancingpodcast.com/termloan Non-Bank Lenders for SBA 7a and 504 Loans ▶️ In this episode, we discuss non-bank SBA lenders and why it makes sense to know all of your options before going to your local bank! 🏡 A Typical 504 project includes a loan secured with a senior lien from a private sector lender covering typically 50% of the project cost. A loan secured with a junior lien from a CDC (backed by a 100 percent SBA guaranteed debenture) covering 30% to 35% of the project costs for special purposes properties, such as hotels. 💰 A contribution of at least 15% (existing business) to 20% (new business) equity from the small business applicant. The first mortgage lender must also make a 90 day (plus) second mortgage interim loan to allow for CDC/SBA funding. SBA pays off this interim loan at the time of CDC/SBA funding (normally 90 days after escrow closing). 🏠 A typical 504 project includes a loan secured with a senior lien from a private sector lender covering typically 50% of the project cost. A loan secured with a junior lien from a CDC (backed by a 100 percent SBA guaranteed debenture) covering 30% to 35% of the project costs for special purposes properties, such as hotels. 💸 A contribution of at least 15% (existing business) to 20% (new business) equity from the small business applicant. The first mortgage lender must also make a 90 day (plus) second mortgage interim loan to allow for CDC/SBA funding. 🔴 SBA pays off this interim loan at the time of CDC/SBA funding (normally 90 days after escrow closing). 💥 Thanks for watching 💥 📺 Subscribe to this channel - /c/investorfin ... Then click on the 🔔 to get notified every time we upload a new video! #SBA7a #SBA504 #SBA _________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending. ✔ Fast quote for your SFR rental portfolio - https://beaueckstein.com/rental ✔ AirBnB education & resources - https://beaueckstein.com/airdna ✔ The best online CRE loans - We'll find the right lender in our network so you can close your deal - https://findthebank.com/youtube ✔ Grow your business with a line of credit - http://investorfinancingpodcast.com/uloc ✔ Fix and Flip Loans - https://beaueckstein.com/flip/ ✔ Purchase Money Rental Loans - https://beaueckstein.com/purchase/ ✔ Extended stay rentals - http://investorfinancingpodcast.com/corporate-rentals ✔ Smart Real Estate Coach (Free webinar) - http://investorfinancingpodcast.com/smart-coach-webinar ✔ Book a call with me - https://calendly.com/beaueckstein/15-minute-meeting-ifp 💰 For Fix and Flip Loans, click here - https://beaueckstein.com/flip/ 💰 For Purchase Money Rental Loans, click here - https://beaueckstein.com/purchase/ _________________________________________________________________________________________________ 🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects. About the Channel: Want to structure your investments in the right and secure way? Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein. ​​ 🙋🏽‍♂️ Are you a Business Owner? Would you like to save up to 35 percent on your expenses without lifting a finger? There are no upfront costs and if we can't save you money, you don't pay. To learn more, click here -- https://expensesavvy.com/expense-optimization/

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