Can you fund your own syndication with SBA loan?

[Nami Do]

Hello BP Family,

I am looking to purchase a warehouse North of Houston, TX. The purchase price is 1.6M and seller if offering 5% IR at 25% LTV and 30 year amortization. The property looks good and sits at 8 cap at the moment. I have some funds committed from investors but I am wondering if I can get a SBA loan to put in capital into my own deal? Has anyone done this? Thank you!

[Russ Kitzberger]

Usually SBA requires owner occupancy, provides little to no benefit for rental income, and the reason to use it is low equity injection requirements.  

As far as a separate loan; I haven't been SBA deals allow for investment in rental real estate, only for real estate used for the small business the loan is for.

Best to ask your SBA rep.