We were able to help this business owner fulfill his dream of owning the property along with his business
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Indianapolis, IN (PRWEB) December 5, 2007
Midwest Capital Corporation announces a $723,190 deal for the purchase of the 10th Street Burger King, LLC real estate. Midwest Capital Corporation provided 90% of the financing and a 25 year amortization to help the business owner purchase the real estate from Burger King Corporation.
"We were able to help this business owner fulfill his dream of owning the property along with his business," said Steve Young, Midwest Capital Corporation President. "Our loans provide solutions that traditional lenders are not able to match, such as the 25 year amortization option we were able to offer this client."
The SBA 504 program is an economic development loan program designed to help small and medium size companies acquire or build their commercial real estate for expansion and job growth. Loans made under this program are structured to provide up to 90% financing. The program is a participation program that combines private finance money, which provides up to 50% of the project financing, with government backed financing, which provides up to 40% of the project financing.
Midwest Capital Corporation is a national, non-bank lender which provides both conventional and SBA 504 longterm commercial mortgage loans, ranging from $500,000 to $5,000,000, to small and medium size companies.