Unlock the full potential of your business's real estate strategy with insight from Jeff Sceranka CEO of Enterprise Funding. He's the guide you need through the maze of the SBA 504 loan program, revealing how a modest 10% down payment and an appealing fixed interest rate can be part of your next commercial property venture. Jeff contrasts the SBA 504 with other loans, such as the SBA 7A and conventional commercial mortgages, highlighting the unique benefits that could mean a world of difference for your bottom line. We tackle everything from the owner occupancy requirement to the ins and outs of loan fees, ensuring that you're equipped with the knowledge to make a smart, strategic investment.
This episode isn't just about the numbers; it's about the stories behind them. From a motel's metamorphosis into a high-end spa resort to the intricacies of joint venture deals, we cover real-world examples of the SBA 504 loan's impact. We navigate the eligibility landscape, discuss the vital role of Certified Development Companies, and shed light on the collaboration between banks and the SBA to streamline your approval process. While touching on the critical financial documents necessary for your application, we also forecast interest rates and offer advice for CEOs navigating the world of commercial real estate. Join us for a masterclass in leveraging the SBA 504 loan program to your advantage.
Jeff Sceranka contact:
[email protected]
909-7923803
show link:https://bit.ly/46ezOqb
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