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Why Do An Alacom Finance 504 Loan

For the Borrower:

  • Low Down Payment; Usually between 10% & 20% of cost
  • Fixed Interest Rate Second Mortgage Loan
  • Long Term Financing
  • In "Credit Crunch"- getting a loan at all
  • Rate on private sector loan is usually a little more favorable 

For the Community:

  • Jobs
  • Capital Investment; tax base increase
  • Stimulation of other development

For the Lien Holder

  • Excellent loan-to-value loan
  • U.S. Government as subordinate lender
  • Market interest rate; fixed rate second
  • Less paperwork and "red tape" than 7(a) Loans
  • Reduced interest rate to institution from FHLM