"Paddling" in the right waters!
Get your "Blue Canoe"
David Oakley has been in the Commercial Real Estate world since his junior year at Samford University. After spending his first few years with a firm specializing in Apartment sales, in 2007 David started selectmyspace.com, an apartment locator service which he sold in 2012.  Additionally, David founded The Oakley Group, Inc., David’s sales and brokerage firm that does business as Hendricks-Berkadia today and has helped any number of multifamily investors purchase over 200 apartment communities throughout the state and the Southeast at large.

In 2010 David started Blue Canoe Properties, a 3rd party management company which currently manages over 200 single and multi-family properties throughout the state of Alabama.

Growing from an overflowing 2,800SF office, The Oakley Group d/b/a Hendricks-Berkadia and Blue Canoe now resides in a fully updated, totally renovated 16,000SF office building on the Southside of Birmingham. 

Understanding the power of leverage, David saw the benefit of the SBA 504 Program and the ability to acquire and renovate this property using a 90% SBA loan plus the benefits of a fully amortizing fully fixed 20 year SBA portion of the transaction.

We are proud to have helped David acquire his new facility and provide renvoation funding using the SBA504 program. If we can help you or any of your clients please do not hesitate to call.

SBA 504 Loan Rates - May 2014

SBA Loans offer borrowers long term fixed rates and other advantages to business owners that cannot be obtained through conventional bank or lending channels which would generally be seen as the alternative. 

The SBA Loan programs do not have balloons so as a small business owner you manage your business, not your loan every few years.  With terms out to 20 years on a 504 and 25 years on 7(a) loans and financing up to 90%, the time is still right for an SBA Loan to fuel your dream!

Alliance Capital continues to leverage our relationships to provide our clients the most efficient processing and competitive pricing available in the market.  The SBA 504 rates for the month of May 2014 are as low as 4.49% for the ten year fixed rates and 5.08% for the twenty year fixed rates.  These rates reflect the SBA or second mortgage side of the loan.  The SBA 504 loan is a participating loan that allows up to 90% financing, the lender makes the first mortgage loan at 50% of the project cost and the SBA helps fund the second mortgage at up to 40% of the project cost.  The first mortgage rate is set by the participating lender, while the second mortgage rate is a combination of the actual note rate and the applicable servicing fees.  The SBA 504 loan is designed for the purchase, construction or renovations of owner occupied commercial real estate or the purchase of equipment with a long useful life. 

Call today to take advantage of rates while they still remain at favorable levels.  We all know this won't last forever!

Specializing in loans offered through
the U.S. Small Business Administration
Sam Renta, President
Alliance Capital Corporation
1808 Oxmoor Road
Homewood, AL 35209
205.837.7900 (C)
205.982.7900 (O)
877.415.9180 (F)
SBA 7(a), SBA 504, and USDA B&I
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