SBA Loans
Our process comes with extensive experience & guarantees fast and smooth closings. While traditional lenders could take months to close, we can complete the process in days.
| SBA Loans
Our SBA loan programs are designed to meet the needs of growing small- and mid-sized businesses, and offer many advantages over conventional bank loans and other types of financing. For the cash-conscience business owner, our 504 program provides up to 90% loan-to-cost financing, allowing you, the business owner, to maintain greater liquidity. Additionally, our programs offer longer amortization periods and terms than traditional bank loans, which means lower monthly payments and better cash flow.
Our SBA 504 construction loan program provides up to 90% LTV financing (80% for special use) for the construction of owner occupied commercial properties. The loan is comprised of a first mortgage provided by BlueCap, an interim (bridge) second mortgage loan provided by BlueCap, and a permanent second mortgage loan funded by the SBA through a debenture offering upon completion of the construction. Rates for the first mortgage can vary, depending on property type and borrower strength, and the SBA second is fixed over the 20-year, assumable for the life of the loan.
| Loan Amount: Up to $20,000,000 | Property Types: All commercial real estate; focus on hotels and assisted living |
| Term: Up to 30 years | Collateral: First mortgage/trust deed |
| Minimum Personal Credit Score: 680 FICO | Prepayment Penalty: Five year lock-out |
| Lending Territory: Nationwide | Guarantees: Full recourse |
| Loan to Value: Up to 90% for multi-use; Up to 80% for special-use | Rate and Fees: Rates starting at 6%; Call for pricing |
| Minimum DSCR: Projection 1.20X for multi-use; 1.25X for special-use |