SAN FRANCISCO--(BUSINESS WIRE)--
TMC Financing (http://www.tmcfinancing.com) today announced Gordon Property Management (http://www.gpmsf.com/) has purchased office space in the Noe Valley neighborhood of San Francisco with the help of a 20-year fixed rate SBA 504 loan for $750,000. The project includes a 1,454 square foot office/retail condominium located at 1596 Church Street, San Francisco, CA.
“The low interest rate SBA provides enables business owners to purchase capital and expand,” said Barbara Morrison (http://tmcfinancing.com/en/company/leadership/), President and CEO of TMC Financing. “Gordon Property Management worked with TMC to purchase a new office space in San Francisco. The program enabled Gordon Property Management to retain working capital and eventually add jobs to their existing workforce.”
David Griffis, Senior Vice President – Business Development at TMC Financing, worked with Gordon Property Management to provide financing via the SBA 504 commercial real estate loan program. SBA 504 financing offers businesses below-market, fixed rate financing for the acquisition, renovation or construction of commercial real estate. SBA 504 loans provide long-term stability for businesses with the ability to retain working capital which can be used to further grow the business and create new jobs. The July SBA 504 interest rate is 5.22%, fully fixed for 20 years.
“Working with TMC made the process of getting an SBA loan very easy,” said Stephanie Gordon, Founder and President of Gordon Property Management.
Gordon Property Management (http://www.gpmsf.com/) is a property managing firm that has been serving the San Francisco Bay Area since 1987. Gordon Property Management specializes in customizing and tailoring unique property management plans for each of their customers. They offer full service property management solutions and aim to meet the individual needs of every property.
TMC Financing is the number one Certified Development Company (CDC) in Northern California and Southern Nevada providing Small Business Administration (SBA) 504 real estate financing in California and Nevada. During the past 30 years, TMC has provided over $7.2 billion in SBA 504 financing for more than 4,200 businesses including over 300 woman-owned businesses. This financing has resulted in the creation of 30,000 jobs. TMC has been ranked in the top five Certified Development Companies nationwide for over a decade, and is the leading SBA 504 Lender in Northern California and Las Vegas. TMC's experienced team works directly with borrowers, first mortgage lenders and real estate brokers to tailor financing packages that meet SBA program guidelines and the borrower's credit capacity. For more information, visit tmcfinancing.com.
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