Estimating Closing Costs for Commercial Real Estate and/or Equipment 504 Loans

Are you having difficulty in accurately estimating closing costs for SBA 504 real estate or equipment loans? FFCFC has created a tool that will estimate the title work, documentary stamps, recording fees, intangible tax, flood certification fee and other miscellaneous fees involved with closing a 504 commercial loan in Florida.

The template is available from your local FFC Business Development Officers and will allow them to input the specific project cost amounts for your project, including costs for appraisals, surveys and environmental reports, as well as lender specific costs. Once entered, the template will calculate a sources & uses of funds with loan amounts that are supported with a detailed and reliable estimation of the costs that you can then use when discussing the project with your borrower and credit department.

For more information, contact an FFC Loan Officer – NE Florida, Kristen Tackett (904-861-2270); NW Florida, James Hosman (850-433-3365); Central Florida, Jerry Mayes (321-689-6006); South Florida, Deborah Petrell (561-265-4210); Miami-Dade & Monroe Counties, Miguel Nieves (786-229-4688); Tallahassee, Kailynn Summers (850-681-3330).

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