Greater Loan Proceeds with SBA 504 Green Loan Program

Greater Loan Proceeds with SBA 504 Green Loan Program

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- Beau talked about when he encountered a situation where someone had used up their $5 million aggregate of SBA financing and needed more capital for a construction project.
- The suggestion was made to utilize the SBA 504 green program, which allows for an aggregate amount of $16.5 million.
- By using the SBA 504 green program, the person can get a second loan for up to 90% of the total project costs, with 50% as senior debt and the rest as the SBA portion.
- The SBA 504 green program is applicable to new construction or buying an existing property, as long as the person occupies 60% or more of the square footage.
- By meeting certain benchmarks for energy reduction, the person can qualify for more SBA proceeds, up to $5.5 million, resulting in a total project cost of around $15 million.

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About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

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