A full array of national wholesales SBA 1st mortgage options
Solutions for your commercial real estate needs
- Momentus Direct Capital partners with the nation’s leading funding partners to provide banks with access to 100% direct funding or purchases of SBA-504 first mortgages.
- SBA 504 Originations / Refi Existing 504 & 7(a) / SBA 504 Debt Refi
- Refinance existing SBA 504 1st mortgages so another lender doesn’t take the loan & client relationship
Who we work with
Whether you are a non-bank lender, credit union, CDFI, CDC, loan broker, or real-estate broker, our products bring real value to your business by offering rates and terms to satisfy your customer’s needs and win deals
How it works
Direct funding
Our funding partner directly funds the loan and thus the selling lender does not have to use its own capital. This transactional approach with our funding partners allows the selling lender to maintain a broad client relationship.
Purchase
Selling lender books the first mortgage loan on its balance sheet, then sells it to the funding partner.
Terms & Highlights
| Funding Partner | Morgan Stanley | City First | New York Life Impact 504 Loan Fund |
| Loan Type | CRE Purchase or Refinance | CRE Purchase; Refinance; Improvements | CRE Purchase; Refinance; Improvements |
| 1st mortgage loan amount | No min Max $10 million | $500 thousand – $10 million | No min Max $3 million |
| Rate | Up to 25-year fixed | 10-year fixed | 25-year fixed |
| Location | Nationwide | California, Washington, D.C., Maryland, Virginia Must be located in an LMI community or majority minority community, or Minority-owned | Nationwide |
| Max Loan-to-Value | 60% | 60% | 60% – 65% |
| Debt Service Coverage Ratio | 1.2 DSCR | 1.20 OC / 1.25 Global DSCR | 1.0 – 1.1 DSCR |
| Credit Score | 680 FICO | 660 FICO | 650 FICO |
| Amortization | 25-year fully amortizing fixed rates | 25-year amort / 10-year fixed (10-year term & 30-year amortization available in certain industries) | 25-year fully amortizing fixed rates |
Download Fact Sheet for Full Terms US Treasury Constant Maturity Index
Property types
Multi-purpose properties:
Examples of commercial properties may include: Office Space, Warehouse, Light Industrial, Retail, Wholesaling, Manufacturing, R&D, Medical, Dental, Veterinarian.
Special-purpose properties:
Examples of commercial properties may include: Gas Stations, Auto Dealers, Hotels, Restaurants, Car Washes, Amusement, Care Facilities, Storage Facilities.
Delivering value to our customers
Offense:
- Beat your competition while keeping the full client relationship
- Earn unlimited dollar amount of fee income (up to 10 points) – not on all our products
- Earn premium income
Market our rates and terms as your own and get new business
Defense:
- Refinance existing SBA 504 1st mortgages so another lender doesn’t take loan and relationship
- Refinance your own SBA 7(a) loans into SBA 504 loans using our 1st mortgage
- Do out of market deals nationwide so another lender doesn’t take loan and relationship
- Eliminate legal lending limit issues to a single borrower since we book the loan
- Satisfy customer needs without affecting your balance sheet
SBA 504 Refinance Program
Refinance Non-SBA guaranteed commercial real estate loans into a more affordable SBA 504 loan.
Learn more about the program:
- Key Guidelines
- Eligible Project Costs
- Expenses
- How to Evaluate Eligibility
- Steps to Qualify Existing Debt
- Loan-to-Value Limitations
