What interest rates are folks currently seeing across traditional banks, SBA lenders, mezzanine, and other lending platforms?
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Conventional Lenders - typically mid 6% to mid 7% range if fixed for 5 to 10 years. If floating, typically Prime (currently 8.00%) to Prime plus 1.00%.
SBA Lenders - typically floating between 1.50% to 2.75% over Prime. We are seeing most deals getting done in the 1.75% to 2.50% range.
Non-Bank / Private Lenders / Equity Firms - 10% to 16%, some fixed and some variable.
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