December 2014 Newsletter: 504 Rates

Interest rates for debentures sold in December, 2014, dropped by almost 10 basis points to 4.78%.  As the economy begins to gain some sustained traction, businesses are starting to dust off the expansion plans they’ve been delaying for the past several years.  New construction, expansion and renovation are again being discussed.  With rates fixed at under 5% for 20 years, the 504 Program provides businesses with a tremendous budgeting and savings tool for their projects.

Make your borrowers/clients aware of this opportunity to lock in their rate on up to 40% of their project.  As rates begin to inch up in the future, they’ll thank you for that suggestion.

As 2014 winds down, I’d like to wish all of you a happy, healthy and prosperous 2015.  I’ve truly enjoyed working with many of you over the years and look forward to many more opportunities to do so in 2015 and beyond.

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  • About the Author


    Thomas M. Woebkenberg

    Tom Woebkenberg practices in the firm’s Real Estate Practice Area. His practice consists primarily of commercial real estate transactions. He represents lenders of all sizes throughout Ohio and Northern Kentucky.

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