Owner-Occupied Loans are available for borrowers who plan to operate their business out of the subject building being financed. In addition to a Personal Guarantee, the lender will require a Corporate Guarantee from the owner-occupant. Sequoia Commercial Lending offers three owner-occupied lending products including Conventional, SBA 504, and SBA 7(a).
CONVENTIONAL
Bank Financing for owner-occupancy 35%+ and above
Up to 85% Loan-to-Value
Step-down prepayment structure
Up to 25-year Amortization on fixed rate 1st TD
SBA 504
SBA Financing for owner-occupancy 51%+ and above
Up to 90% Loan-to-Value
All closing costs can be built into the loan
30-year Amortization on fixed rate 1st TD
25-year Amortization on fixed rate 2nd TD
SBA 7(A)
SBA financing for owner-occupancy 51%+ and above
Up to 93% Loan-t0-Value
Most loan closing costs can be built into the loan
25-year Amortization
Typically a variable rate loan; tied to PRIME rate adjusting quarterly