WILL THE NEW “STIMULUS” PACKAGE “STIMULATE” YOU?
03/24/09
What a GREAT OPPORTUNITY!!!
The Obama Stimulus Package jolts
the SBA Loan Programs.
LOW Down Payment. 10% - 15%
An infusion of Government Funds into the SBA has bankers salivating! As explained to me by my “go to” banker for campground loans, Millions in Stimulus Funds have been made available for the SBA 504 Loan Program. (I’ve been involved with a few in the past.) This particular package will be available through the end of the year or until the money is gone (sooner, in all probability). SBA may also be waiving their fees for most of these loans thereby saving the Buyer $20,000–$40,000 in usual SBA fees and obtaining a fixed, low rate of interest for a large portion of the loan for the life of the loan.
THIS IS A GREAT OPPORTUNITY!
The Obama Stimulus Package jolts
the SBA Loan Programs.
LOW Down Payment. 10% - 15%
An infusion of Government Funds into the SBA has bankers salivating! As explained to me by my “go to” banker for campground loans, Millions in Stimulus Funds have been made available for the SBA 504 Loan Program. (I’ve been involved with a few in the past.) This particular package will be available through the end of the year or until the money is gone (sooner, in all probability). SBA may also be waiving their fees for most of these loans thereby saving the Buyer $20,000–$40,000 in usual SBA fees and obtaining a fixed, low rate of interest for a large portion of the loan for the life of the loan.
THIS IS A GREAT OPPORTUNITY!
The funds are on a first come, first served basis.
There is also a special program in place to help those who want to buy but don’t think that their house will sell in time.
For those of you who want to directly benefit from the new Stimulus Package AND are ready to buy a campground, DO NOT HESITATE!! My banker believes that these funds will not be available for very long (perhaps a few months).
I’m just back from the Northeast Campground Association’s (NCA) Camping Conference in Springfield, MA with Owners from Maryland to Maine.
Most are optimistic about this season based on the reservations that are coming in. There are some changes in camping patterns – more folks are traveling less and are camping within a 30–50 mile radius. Many are staying at one location longer. A popular campground that I currently have listed for $1,395,000, just told me today, that almost all of their river sites are completely rented for July and August, already. This campground generates over $2,000/site (Total Gross Income divided by the number of sites) – AND, consistently generates a Net Income (before Debt Service and Owner’s Income) of a rarely seen 60-to-65%!!!
For those who are looking for a small, easy-to-manage, attractive and extremely busy campground located in one of the busiest coastal tourist towns in all of New England with house and attractive swimming pond and more and all for only $589,000 – contact me soon, it won’t last.
There is also a special program in place to help those who want to buy but don’t think that their house will sell in time.
For those of you who want to directly benefit from the new Stimulus Package AND are ready to buy a campground, DO NOT HESITATE!! My banker believes that these funds will not be available for very long (perhaps a few months).
I’m just back from the Northeast Campground Association’s (NCA) Camping Conference in Springfield, MA with Owners from Maryland to Maine.
Most are optimistic about this season based on the reservations that are coming in. There are some changes in camping patterns – more folks are traveling less and are camping within a 30–50 mile radius. Many are staying at one location longer. A popular campground that I currently have listed for $1,395,000, just told me today, that almost all of their river sites are completely rented for July and August, already. This campground generates over $2,000/site (Total Gross Income divided by the number of sites) – AND, consistently generates a Net Income (before Debt Service and Owner’s Income) of a rarely seen 60-to-65%!!!
For those who are looking for a small, easy-to-manage, attractive and extremely busy campground located in one of the busiest coastal tourist towns in all of New England with house and attractive swimming pond and more and all for only $589,000 – contact me soon, it won’t last.