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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March 504 Interest Rates
The interest rate for March 2015 rose by .25% over the February 504 rate. For loans funded in March, 2015, the 20 year rate was 4.80%, ending a 3 month interest rate slide. It remains to be seen whether this is a one month anomaly or a preview of coming attractions.
SBA Lending Looking Up
SBA 504 lending is just .50% behind last year in total volume and number of loans approved. However, the 504 Program debenture size is maintaining a higher average, at $712,830.00 per deal.
7(a) lending is enjoying a 25% increase over last year impacted positively by several factors including shorter approval process time and attractive premiums in the secondary market for the guaranteed portion of the loans. Average loan size remains constant year over year.