Demo SBA 504 2

Loan program from Demo Palmetto Mortgage

Demo listing. This program is sample data and cannot receive requests.

Loan amount: $610K – $18.3M
Starting rate: 7.77% – 10.15%
Max LTV: 85%
Term: 120 – 300 months
Typical close: 65 days
Recourse: Full

Who It Fits: Where

States served: Alabama, Oklahoma

Who It Fits: Property

Property types financed: Multifamily, Mixed-Use, Retail, Industrial, Construction Project
Occupancy: Owner-user only

Loan Size and Pricing

Minimum loan: $610K
Maximum loan: $18.3M
Lowest indicative rate (%): 7.77%
Highest indicative rate (%): 10.15%
Rate type: Fixed

Terms

Minimum term (months): 120
Maximum term (months): 300
Amortization (months): 300

Leverage

Maximum LTV (%): 85%

Structure and Guarantees

Recourse: Full recourse

Fees and Timing

Estimated days to close: 65

Program Basics

Financing category: Commercial real estate
Loan type: SBA 504
Loan uses you finance: Working Capital, Expansion, Fix and Flip, Business Acquisition

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