Refinance commercial
mortgage debt


Refinance commercial mortgage debt with an SBA 504 refinance loan

Advantages of TMC’s SBA 504 Refinance Loan

  • Financing up to 90% of the appraised property value
  • Cash-out for eligible business expenses up to 85% of the appraised property value (business expenses are limited to 20% of appraised value)
  • Below-market interest rate, currently, FIXED for 25 years, FIXED for 20 years ,or  FIXED for 10 years on 504 loan
  • The ability to consolidate multiple loans

SBA 504 Refinance Eligibility Guidelines

  • Almost any owner-occupied property will qualify: minimum 51% owner-occupied and meet all other SBA 504 eligibility guidelines at the time of application
  • The existing loan must be at least 6 months old
  • At least 85% of the original purchase loan must have been for an SBA 504-eligible purpose
  • The loan may be subject to a federal agency guarantee (meaning existing SBA 504 or 7(a) loans may be eligible)
  • Other assets can be used as collateral to get to 90% LTV
  • Up to 20% of the appraised value can be used to cash out for business expenses such as salaries, rent, utilities, inventory, or other obligations of the business

TMC Financing has specialized in owner-user commercial real estate financing for 40 years.

Learn how this small business worked with TMC Financing to refinance their conventional debt with an SBA 504 loan!




Multiple Loans


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