The Challenge
With the building owner selling, this woman-owned business needed affordable financing to purchase the property it already occupied while maintaining an existing tenant.
Loan structure
Success Capital structured SBA 504 financing for a straight purchase, allowing the borrower to occupy 51% of the building while retaining the 49% tenant.
Results
The SBA 504 loan provided below-market, fixed-rate financing that stabilized occupancy costs long-term, with tenant income helping offset expenses.