Updated over 5 years ago on . Most recent reply
SBA 504 Interest Rate Swap
I just got my approval from the SBA for 504 program financing for a self storage acquisition. My local lender, from whom I have a commitment for the bank piece, doesn't do interest rate swaps, but they've got a rate floor of 4%. The swap market is a bit more attractive than that right now and lots of yield upside if we get into an inflationary environment. We're shopping for the best terms and I'm wondering if anyone has used a 504 lender for the first piece that will do a swap?