Are there sources of financing that understand office/ medical condominiums and can assist my goal of ownership?
Financing in today’s environment provides the buyer with several advantages. Many owners have taken benefit of the Small Business Administration (SBA) loan programs. These federally funded or guaranteed loans require as little as 10% down and are at attractive interest rates and terms. Additionally, it is possible to expand the loan to include the cost of your interior space improvements and the establishment of a business line of credit. With the line of credit in place, it is feasible to have the equivalent of 100% financing. Several banks specialize in SBA loans and have significant experience in working with you to make the financing process go smoothly. Our preferred lender, CIT, can provide up to 100% financing. Richard Freeman of CIT may be contacted at (480) 477-5787 or at https://www.smallbizlending.com/.
