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Refinancing Your Commercial Property

December 14, 2011 | Commercial Real Estate Loans

Small business owners who own commercial real estate and face a balloon payment or rate increase may have recourse in the SBA’s new refinance program. Brought about by the U.S. Jobs Act, the program uses the traditional SBA 504 loan structure, with 50% of the proceeds being carried by a bank, 40% by a Certified Development Company like CDC Small Business Finance, and a 10% down-payment by the small business.  The small business owners may be able to rely on existing equity in their real estate to serve as their injection in the refinance.

Additional features of the new REFI program:

This special program will end September 27, 2012.  For more information and eligibility, call us at 800.611.5170. More information can be found on our website or at the SBA’s website here

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