Refinance Your Commercial Real Estate
The 504 REFI Program is a powerful program to help businesses improve cash flow and access the equity of their property to improve cash flow and pay down business expenses. With super low, long term FIXED rates, you can’t afford to ignore this program.
To qualify for this program:
- The original loan must have been used to purchase owner occupied commercial real estate or equipment
- The note must have been in place for two years
- The note has not been modified in the past 12 months
- You have made on time payments for the past year
On a simple REFI you can refinance up to 90% of the appraised value. And if you want to tap your equity for cash-out refinancing, you can refinance up to 85% of the appraised value. The maximum amount that can be used as cash out for business expenses is 20% of the appraised value.
To find out if refinancing with WBD makes sense for you and your business, use our handy Refinance Program Estimator.
TO LEARN MORE
- See our Smart business is knowing all your options guide to find out more about commercial financing options and the SBA 504 program
- Use our 504 Calculator to see how it would work on your project
- Watch a 3 minute video on how the SBA 504 program works
- View/download our one page information sheet on the 504 Refinance Program
- View/download the WBD refinance checklist that can help you understand if you qualify (or contact a WBD loan officer)
WBD 504 Refinance Program Estimator