Payment Terms of 10, 20, and 25-Years Available – No Balloon Payment, No Renegotiation. Rate Fixed at 504 Loan Funding.

Find out more about rates below.

You negotiate the terms with the Lender, whether it’s a fixed or variable rate.
Lender’s Loan Term must be at least 10-years on 20/25 year project and 7-years on 10-year project.

Most closing costs and fees for both the Bank and the 504 loan can be financed. Additionally, interest on the loan during the construction/renovation process, may be included.

Generally, just the project assets being financed. Personal guarantees required from all 20% or more owners of the business.