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TMC recently helped hoteliers Vikas Patel, Chotubhai Patel and Tejal Patel, secure $5.4M in total project financing. The funds were used to purchase two hotel properties in Napa. By utilizing multiple SBA 504 loans, the Patel’s were able to obtain 80% hotel financing at a below market rate, fixed for 25 years.
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TMC helped the proud owners of LoCoco’s, husband and wife team of Joe and Kendal LoCoco, purchase the building that they were previously leasing for their restaurant. By utilizing the SBA 504 Program, the LoCoco’s were able to purchase the 12,000 SF building with only a 10% down payment combined with a 20-year fixed interest rate.
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Business owners aiming to finance gas station equipment should look no further. The SBA 504 loan program is specifically designed to finance high quality gas station equipment with terms that are typically more attractive than conventional financing.
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Being a Certified Public Accountant, Cochrane always knew that owning a building for her business was the most financially sound decision.
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Bringing the family business to the U.S. had always been a dream of Jose Gonzales, the son of a successful agave farmer in Mexico. He manages a family-owned North Las Vegas tequila and vodka bottling company.
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TMC Financing, a commercial real estate lender, specializing in SBA 504 loans for growing businesses, recently helped Mounir Kardosh, Founder & CEO of This $11.5 million acquisition essentially aided in the rescue of the beloved San Mateo ice rink, from permanent closure.
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TMC Financing recently helped Leo Espinosa, Owner of Butterfly Gardens, secure over $1.5 million in total project financing to purchase an assisted living facility in La Jolla, California. The acquired property replaced Butterfly Garden’s leased space and has given them peace of mind knowing that they will never have to displace their residents ever again.
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The SBA 504 Program, while not well known, is an excellent option for San Diego small business owners looking to finance the purchase of a building for their business.
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Brian Eby secures $2 million in total project financing through the SBA 504 program. The funds were used to purchase a warehouse located at 26 20th Street in Richmond, CA. The acquired property replaced their leased space, enabling the company to significantly reduce their monthly occupancy costs. The purchase has also given Eby a sense of security and peace of mind in the face of chronically elevating rental rates in the Bay Area.
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