{"id":2169,"date":"2022-06-03T13:41:18","date_gmt":"2022-06-03T13:41:18","guid":{"rendered":"http:\/\/listselfstorage.com\/us\/industry-insights\/?p=2169"},"modified":"2022-06-03T14:52:08","modified_gmt":"2022-06-03T14:52:08","slug":"504-loan-structuring","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/504-loan-structuring\/","title":{"rendered":"504 Loan Structuring"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\nWith the current rising interest rate environment, now is a good time to lock in debt for as long as possible. One option is the SBA 504 program where anywhere from 35-40% of the loan package has a 25-year fixed rate.<\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-2170 size-full\" src=\"http:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2022\/06\/Picture1.png\" alt=\"\" width=\"666\" height=\"335\" \/><\/p>\n<p>The maximum amount from the CDC\/SBA 25-year rate is $5 million (unless you pursue the \u201cGreen\u201d program when it would become $5.5 million). The bank who holds onto the first mortgage can go up as high as they are comfortable with allowing borrowers to receive loans in the $15-$20 million range.<\/p>\n<p>It is important to consider that self storage is not considered a special use property.<\/p>\n<p>Nick Collins<br \/>\nCommercial Lender &#8211; Vice President<br \/>\nBank Five Nine<br \/>\n155 W. Wisconsin Avenue | Oconomowoc, WI 53066<br \/>\np: (262) 560-2016 c: (262) 468-6169 f: (262) 804-9926<br \/>\n<a href=\"mailto:nick.collins@bankfivenine.com\">nick.collins@bankfivenine.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the current rising interest rate environment, now is a good time to lock in debt for as long as possible. One option is the SBA 504 program where anywhere from 35-40% of the loan package has a 25-year fixed rate. The maximum amount from the CDC\/SBA 25-year rate is $5 million (unless you pursue the \u201cGreen\u201d program when it would become $5.5 million). The bank who holds onto the first mortgage can go up as high as they are comfortable with allowing borrowers to receive loans in the $15-$20&hellip;<\/p>\n","protected":false},"author":7,"featured_media":2170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2169"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=2169"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2169\/revisions"}],"predecessor-version":[{"id":2171,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/2169\/revisions\/2171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/2170"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=2169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=2169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=2169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}