Current Adjusted Rates
CDC Rate
5%
Bank Rate
6.75%
New York Market Updates
Manhattan
- Commercial Rate: $1,200/sqft
- Office Space Growth: +8%
- Vacancy Rate: 12.5%
Brooklyn
- Commercial Rate: $750/sqft
- Mixed-Use Growth: +15%
- Vacancy Rate: 8.2%
Long Island
- Commercial Rate: $450/sqft
- Industrial Growth: +10%
- Vacancy Rate: 6.8%
New York SBA 504 Loan Features
Urban Development Benefits
Special considerations for urban development projects:
- Mixed-use property incentives
- Historic building preservation
- Transit-oriented development
- Urban renewal zones
Energy Efficiency Requirements
New York specific energy requirements:
- Local Law 97 compliance
- Green building standards
- Energy audit requirements
- Carbon reduction initiatives