Buying Commercial Condos & Co ops with SBA's 504 Loan

New York District Office - August 2019

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504

(L-R, back row: Rafael Roger, BIC NY; Larry Pontillo, SBA; Tom McHale, NYBDC; Michael Rudder, Rudder Property Group; (L-R, front row) Hayley Torswick, REBNY; Beth Goldberg, SBA; Linda Zou, JPMorgan Chase



Following a panel earlier this year,

New York District Director Beth Goldberg

gave an interview on the power of SBA's 504 loan

to finance commercial condos and co ops

 

"Over the years I have met countless business owners that can’t believe the deal that they got when they used the 504 loan program. It’s like they discover a great secret. Business owners who were renting their space find a way to finance it for less of a down payment than they ever thought possible. It’s truly a transformative experience to own the space in which you work," Beth L. Goldberg, SBA New York District Director. 

 

Read Full Interview