Get the Best SBA 504 Loan for Your Self Storage Construction Project

Get the Best SBA 504 Loan for Your Self Storage Construction Project

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Q: Beau, loving the show. Have a question for you. What are the key factors to consider when selecting the best lender for my self-storage construction project, specifically for SBA 504 Loans?
Cheers?
Anthony

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Timestamps:
(00:05) Question about selecting the best lender for a self-storage construction project using SBA 504 loans
(00:16) The structure of a 504 loan, with the bank funding the first and second pieces and the second piece being sold in the secondary market
(01:09) Highlighting the viability of SBA loans for self-storage projects and the high leverage they offer
(01:42) Possible assistance provided by the company in putting together the loan package and finding the best bank or credit union for the project
(02:12) The fixed rate for the second lien after obtaining the certificate of occupancy
(02:25) Negotiating terms for the interim construction loan with the bank

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#SBA504 #SBA7a #SBAConstructionLoans

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

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