(888) 959-1648

Melbourne, FL

This business owner ran an adoption agency that helped house families in addition to providing services. For years, she had been putting up her clients in hotel rooms – at a huge annual expense to the business. Luckily, she was able to find a 7-bedroom mixed-use property to alleviate that expense! With tenants in the retail space below, the building helps pay for itself!
In addition to purchasing this loan, the buyer also wanted to refinance her other owner-occupied property at the same time. We were able to do the purchase and a $475,000 refinance using SBA 504 loans (for both, simultaneously!) with 25-year fixed rates under six percent (6%). Now, our success in refinancing and funding the purchase will allow the business to convert its iinvestment and realize an additional six figures in EBIDTA.
Or, as we say – she paid herself to buy the property. This is another example of how owning your own business real estate can significantly increase your business’s profitability!
Want to discuss how we can help you secure an SBA 504 loan? Submit your deal through our risk-free Loan Finder App or give us a call at (888) 959-1648.
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