SBA Commercial Construction Loan Process Demystified

SBA Commercial Construction Loan Process Demystified

Question: Hello Beau,
I currently have a property under a Letter of Intent (LOI), and our plan involves constructing a boat and RV storage facility. The closing date is set for 30 days from now. Do you believe this timeframe allows us sufficient time to secure financing through the Small Business Administration (SBA)? Thank you, Anders

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Timestamps:
(00:01) Question about securing SBA financing for a construction project.
(00:25) The importance of being "shovel ready" for SBA financing.
(01:13) Suggestions for getting a longer escrow period to approve plans and the feasibility of combining a land loan with a construction loan.
(01:33) Eligible debt and options for financing.

💥 Thanks for watching 💥
#SBAfinancing #Constructionloanprocess #sbaconstructionloans

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

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

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