Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

473
Posts
230
Votes
Taylor Chiu
  • Real Estate Agent
  • Salt Lake City, UT
230
Votes |
473
Posts

Cheapest SBA 7a loan rates?

Taylor Chiu
  • Real Estate Agent
  • Salt Lake City, UT
Posted

Hey everyone, I'm under contract on an assisted living facility and looking to do an SBA 7a loan.

I've had a lender quote a rate of 4.25% fixed for 5 years on 25 yr amortization. I had been under the impression that the best I could get via SBA was prime + 2%ish. But this lender said the lower rate is possible due to it being a portfolio lender, who won't sell off the loan. 

Is it true that SBA loans can get down into the 4% range? Not complaining by any means, just want to double check before moving forward.

Loading replies...