This is the February 2014 market update for Small Business Administration (SBA) commercial real estate financing programs available through Winston Rowe & Associates.
They have SBA capital to deploy for owner occupied commercial real estate loans up to $13,000,000. nationwide.
The current rates as of February 5, 2014 are:
3.25% WSJ prime floating rate
4.18% 5 year LIBOR swap fixed rate
Term:
10-25 year term
20-25 year amortization
Loan Parameters:
Focus on professional office and industrial properties.
Up to 90% LTV on owner-occupied commercial real estate transactions.
Up to 65% LTV on conventional commercial real estate acquisitions and refinances.
Personal credit score of 675 or better
DSCR > 1.20x
When speed and experience are important and crucial to your commercial investing success, a principal at Winston Rowe & Associates is always available to speak with prospective clients.
They can be contacted at 248-246-2243 or check them out on line at http://www.winstonrowe.com
Winston Rowe & Associates provides no upfront or advance fee due diligence and advisory services in the following states.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming