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Additional TCCCF vs. SBA 504 Comparison <br /> <br />Origination Fee <br />C;I)(; Processing Fee <br /> <br />TCCCF <br />1.75% of TCCCF Loan Amt <br /> <br />('P,I: [lt~dcrwriting Fee <br /> C'DC Underwriting Fee <br /> <br />.50% of TCCCF Loan Amt <br /> <br />[;Lm¢ling Fee ~0- <br />CDC Funding Fee <br /> <br />l.egal IDt)cumentation $400-$600 <br /> ;',¥f~O' .~'t;o~t di.s'~tDpectr due to new software.) <br /> Lenders Legal Counsel <br /> <br />14eco~ ding, Mortgage Registration Tax, <br /> Title P~dicy Premium <br /> Recording, Mortgage Registration <br /> ~l'ax, Title Policy Premium <br /> <br />Varies <br /> <br />CDC <br /> <br />1.5% of CDC Loan Amt <br /> <br />20 yr note - .4% of gross <br /> <br />.25% of MBFC Loan Amt <br /> <br />$1,250 <br /> <br />Varies <br /> <br />(;red it P, isk Reserve 5-20% of TCCCF Loan Amt <br /> (Ret~o~e~./ qf~er 12 co~seculive on-tDne monthly <br /> <br /> CDC Reserve Fee <br /> (/Vc;t~-ref~ndc~hlej <br /> <br />'i C(2(2I:' [t~tercst Rate <br /> /;klet~zh/zt' ~,~ay di6'count or add premiztm) <br /> M IM?C Interest Rate l <br /> <br />Par <br /> <br />S:500,000 Project <br />f3a[tk - <br />'! C(~(."I:/CI)(~ - <br /> <br />$250,000 <br />$200,00O <br />$ 50,000 <br /> <br />$500,000 <br /> <br />.50% of Loan Amt <br /> <br />Par <br /> <br />{ )riginntion/Processing Fee $3,500 $3,000 <br />IJn4erwriting Fee 1,000 $828 20 yr. <br />[.~gal 500 1,250 <br />I:Luitting Fcc 0 500 <br />~:I)(' Reserve Fee 1,000 <br />Sttletotatl $ 5,000 $6,578 <br /> <br />'1 C(;(2t: (;red it Reserve Deposit (5%) $10,000 <br /> <br />rl~,ccording, Mortgage, Tax, Title fees <br /> <br />'l'here are ~to prepayment penalties ~br TCCCF Loans. Prepayment penalties for SBA 504 Loans are eliminated after <br />[ 0 years. <br /> <br />14 <br /> <br /> <br />