Happy New Year!
As we start anew with 2017, we want to take a moment to reflect on 2016 and say a big thank you to everyone that helped us have one of the best years in our history. We closed 42 loans for over $240 million in total project costs financed, making it our second best year ever in terms of total project costs financed. We’ll send another email later this month with a breakdown of types of loans we closed and some more statistics, but in the meantime we wanted to share some other big news we received towards the end of last year.
We were named in the Top 10 for 504 Third Party Lenders for the fiscal year ending in September of 2016. This is based on the loans where we were the first mortgage lender, as well as providing the interim financing for the deal. The ability to do more permanent first mortgages for 504-eligible projects combined with our expertise in providing construction financing, allows us to be a one-stop-shop for you and your small business clients.
As we look forward to 2017, our capacity to do loans has been increased, allowing us to provide more loans than ever before. We’re looking forward to being busier than ever and that’s where you come in. We would be honored to talk to you or anyone that you know that is interested in buying, building, improving or refinancing commercial real estate for a small business. We’d love to work with them to provide 504 funding or at least answer any question they might have.
Wishing you all the best in 2017.
– Your 504 Experts