CDC New England continues to try and bring you new and innovative products to expand your SBA 504 lending opportunities. Along with such innovations as down payment financing, supplemental working capital financing, and bridge financing, CDC New England also offers its banking partners the ability to sell SBA 504 1St mortgage loans for added fee income opportunities.
We presently have opportunities for our partner banks to sell 85% of first mortgage loans, made in conjunction with an SBA 504 loan, for premiums ranging from 3 to 7%. The bank continues to hold, and earn interest on, 15% of the loan while realizing the added fee income and the bank retains the customer relationship and servicing.
Should you have an interest in participating in this program, please contact Liz Trifone at 781-928-1102 or email at etrifone@newengland504.com
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