$7.5MM SBA 504 OOCRE Financing

  • Date: March, 2012
  • Location: 6905 Acco St, Montebello, CA 90640
  • Client: JetsMD Industrial, LLC

Working closely with the client and several lenders we were able to negotiate 90% SBA 504 financing with a 1st TD at 50% LTV fixed exercising an 10 year interest rate swap with a rate just over 4% and a 2nd TD of 40% LTV funded by the SBA on a 20 year fully amortized note.

“We were referred to Matthew by our broker at CBRE for financing the acquisition of a new facility and were very happy with the results of his work which both exceeded our expectations and were obtained exactly as he detailed in our initial meeting. Matthew was able to bring multiple lenders to the table to compete for not just the real estate loan but for our entire banking relationship. Ultimately we were able to maintain our existing banking relationship and significantly reduce our borrowing cost on our Line of Credit while closing a new SBA 504 loan for the acquisition of a new facility. We feel that Matthew’s accounting and banking background were paramount to his ability to quickly understand our business, both its operations and finances and create a financing package that multiple lenders competed for. In this he has demonstrated a rare ability in a mortgage broker to add real value to the entire process, from start to finish, one that we will continue to pay dividends in interest savings for years to come. We would not hesitate to recommend Matthew to anyone with financing needs.”

Steve Uretsky, President | Daniel Uretsky, General Counsel