September 21, 2022
September 2022 SBA 504 Funding Rate:
The real estate 504 rates increased this month. The 25 year and 20 year rates increased by 47bps and 45bps, respectively from the month prior. The 10 year equipment rate increased by 37bps from the last funding, 2 months prior.
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 4.308 + 1.3475 servicing spread (25 years)
*Note Rate 4.163 + 1.3475 servicing spread (20 years)
*Note Rate 3.918 + 1.3475 servicing spread (10 years)
*For Loans Approved After 10/01/21
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
Territories: Connecticut, Western Massachusetts & Vermont
(860) 218-2901
(203) 780-1097 (cell)
Carol Brennan
Territories: Massachusetts, Connecticut, & Rhode Island
(781) 928-1123
(413) 237-6648 (cell)
Nancy Gibeau
Territories: Massachusetts, Connecticut, & Rhode Island
(508) 254-7891 (cell)
Ryan Johnson
Territories: Massachusetts & New Hampshire
(781) 928-1132
(617) 762-6708 (cell)
Matt Brothers
Territories: Central/Western Massachusetts, Vermont, Connecticut, & New Hampshire
(781) 928-1124
(603) 512-3411 (cell)
Lauren Angat
Territories: Connecticut, Western Massachusetts, Vermont, & Southern New Hampshire
(860) 299-6025 (cell)
