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FIG Partners Debuts 504 Loan Purchase Program

Phil Hall
Jun 07, 2018
FIG Partners, an Atlanta-based investment banking and research firm, has introduced an SBA 504 Loan Purchase Program

FIG Partners, an Atlanta-based investment banking and research firm, has introduced an SBA 504 Loan Purchase Program that will enable community banks to sell first lien commercial real estate loans originated through the Small Business Administration's (SBA) 504 Loan Program.
 
The program will be available nationwide and all commercial property types will be considered for eligibility. The program includes fixed- or floating-rate options up to a 25-year term, with a targeted pool size up to $100 million. Transactions are expected to close within 30 to 45 days and loan servicing will be released.
 
"FIG's SBA 504 Loan Purchase Program is the firm's latest solution for helping community banks manage their balance sheet and demonstrate liquidity," said FIG CEO Geoffrey Hodgson. "FIG continues to develop innovative new services to enable management teams to achieve all of their strategic objectives."

 
Published
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