Question: Market rates for SBA loans with >50% real estate and a DSCR of ~1.25x (but a bad 2023!)?
Hi all! I wanted to ask the community what average rates they have been getting quoted on deals with >50% real estate? The deal I'm analyzing would be ~60% real estate, has a DSCR of 1.25+ in 2022, 2024, 2025, and all projected years (with conservative assumptions), BUT in 2023 the company had a really bad year because there digital marketing vendor broke their site. I know it is a tricky question, but (assuming the deal could get funded), what rate would folks expect on a loan like this?