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Update for our Commercial Real Estate loan borrowers

March 14, 2017 | Commercial Real Estate Loans

PricewaterhouseCoopers-logoThe addressee on your monthly payments has changed. As your trusted partner, you can count on us to alert you to program changes that affect you and your loan with us. Please see below for any action you may need to take.

This week, the SBA announced it has selected PricewaterhouseCoopers as the new Central Servicing Agent (CSA) for the commercial real estate loan program also referred to as the SBA 504 loan. This change is effective immediately and will be reflected in the monthly statements you receive from your bank.

The mailing address has remained the same.  Please note the new addressee below:

PricewaterhouseCoopers Public Sector LLP
c/o Wells Fargo Bank, N.A.
Corporate Trust Services
Attn: 504 Central Servicing Agent
9062 Old Annapolis Road
Columbia, MD 21045-1951

Most of you use auto payments, so you don’t need to take any action other than to note the new addressee that you will see on your bank statement. In order to keep it convenient for your small business, as you can see, the impact to you is nearly unnoticeable.

If you have any questions regarding this change, please reach out to us at 800-611-5170 or servicing@cdcloans.com.

*** Did you know? ***

The Central Servicing Agent is an integral part of the process that allows us to provide you some of the lowest commercial real estate loan rates possible!

Each SBA 504 loan is funded by a bond that is sold on Wall Street. As one single investment, it allows investors to compete for bids on the sale of the bond resulting in very low rates for your small business. The CSA then manages and allocates those funds from the sale of the bond across the nation to each individual 504 loan and to each CDC nationwide.

And now you have access to money that is affordable to support your business and success.

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