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Can I deal only with Essential Capital versus Essential Capital and a commercial lender to obtain a 504 loan?

April 26, 2017Capital Commercial deal Essential Lender loan obtain versus

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Can I deal only with Essential Capital versus Essential Capital and a commercial lender to obtain a 504 loan?

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No. A 504 loan must have participation from a commercial lender. A typical 504 loan includes financing of 50% of your total project cost by a commercial lender, 40% by Essential Capital and 10% by you.