May 31, 2023
April 2023 SBA 504 Funding Rate:
The real estate 504 rates decreased this month. The 25 year and 20 year rates both decreased by 45bps and 38bps, respectively from the month prior. The 10 year equipment rate remained as-is from March, as it adjusts every two months.
Recent SBA 504 Deals from CDC New England:
SBA 504 Term Loans:
- Long-term loans for purchasing land and buildings, new construction, renovation and leasehold improvements, machinery & equipment
- Lowest cost; low rate fixed for 10, 20, or 25 years
- Down payment financing, if needed
- Bridge financing available
*Note Rate 4.530 + 1.5405 servicing spread (25 years)
*Note Rate 4.548 + 1.5405 servicing spread (20 years)
*Note Rate 5.103 + 1.5405 servicing spread (10 years)
*For Loans Approved After 10/01/22
Contact CDC New England:
Paul F. Flynn, Jr., President & CEO
(781) 928-1133
(617) 921-2695 (cell)
Mike Topalian, Managing Director
(781) 928-1122
(508) 612-5661 (cell)
Dave Raccio, Senior VP of Sales & Marketing
Territory: New England
(860) 218-2901
(203) 780-1097 (cell)
Carol Brennan
Territory: New England
(781) 928-1123
(413) 237-6648 (cell)
Nancy Gibeau
Territories: Massachusetts, Rhode Island, & Connecticut
(508) 254-7891 (cell)
Ryan Johnson
Territories: Massachusetts & New Hampshire
(781) 928-1132
(617) 762-6708 (cell)
Matt Brothers
Territories: Massachusetts, New Hampshire, & Connecticut
(781) 928-1124
(603) 512-3411 (cell)
Lauren Angat
Territories: Connecticut, Western Massachusetts, & Vermont
(860) 299-6025 (cell)
