Advantages  of 504 Loan  
 
Advantages to the Borrower
  • 90% Financing for most projects
  • 40% of project costs financed at a fixed rate
  • 20 year term
  • Preserves working capital
  • Bay Colony's portion is assumable (subject to credit approval of new owner)
Advantages to the Participating Lender
  • Business development tool
  • First collateral position
  • Exposure usually limited to 50% of project cost
  • CRA credit

 
   
 

 
BAY COLONY DEVELOPMENT CORP.
RESERVOIR PLACE
1601 TRAPELO ROAD
WALTHAM, MA 02451

PHONE 781-891-3594 ٠ TOLL FREE 888-355-6663 ٠ FAX 781-647-4950

Copyright © 2005 Bay Colony Development Corp. All Rights Reserved