SBA 504 Loans for Office Buildings and Condos
Are you looking to purchase the office building or condo that you’re currently occupying? Have you outgrown your current location and need to move to a larger office facility? Do you want to move to a better location that you can renovate or build to your specifications? We have helped hundreds of business owners in your shoes and we would be honored to help you too.
15 Years of Experience
The SBA 504 loan, the loan that we specialize in, is the perfect option for business owners who are looking for a small business loan to help them purchase, renovate, build, or refinance their owner-occupied office building or condo. We’ve closed over 680 of these loans in our 15 years in business and we know how to take your loan over the finish line.
Build Your Office Space to Your Specifications
Beyond the ability to preserve more working capital and save money with long-term below-market fixed interest rates, small business owners that utilize the SBA 504 loan have the ability (if they choose) to rent out a portion of their newly purchased building and increase their monthly cash-flow. Under the SBA 504 guidelines small businesses are required to occupy 51% or more of their owner-occupied property. This means they can purchase a larger property than what they currently need, rent the extra space to a third party, and receive additional cash flow to assist with their monthly payments. As an added benefit, these owners with growing businesses that purchase an office building with excess capacity have locked in their occupancy costs for future expansion. They may rent out the additional space for years, and when they need it, it’s available to them without incurring higher rents that only benefit the landlord. Contact us today to discuss how we can help you.