Author Archives: mike

3 Daffodil Lane (Surfside) Reduced to $699,000!

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Ideal for all seasons, this 3 bedroom, 2.5 bath Nantucket home, is privately sited on nearly two acres in Surfside.  With an updated kitchen, a full, unfinished basement, and a full walk-up third floor, this Nantucket property uses less than 1/3rd of the allowable ground cover.  There is also access to the municipal sewer system at the street.  Originally Listed for $790,000, this generously sized Nantucket house is now priced to sell at $699,000!  Click here for details on 3 Daffodil Lane.

Exclusively Listed:  Mike Glowacki / Windwalker Real Estate

Nantucket Business Buyers – Opportunity Knocks!

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SBA Loan Programs currently provide up to 90% financing for commercial property acquisitions, such as Nantucket Marine, at 14 Sun Island Rd., which sold last week at $3,000,000.00

Windwalker

The so-called 504 loans involve a lead bank financing 50% of the total amount on conventional terms, typically for 20 years with rates that are adjustable at 5 year intervals (currently beginning at around 5 ½ %).    Then, the SBA guarantees secondary financing through an SBA approved lender, for 40% of the total amount amortized over 20 years at a fixed rate (currently also around 5 ½%).
If you are interested in purchasing a business or business with real estate, a SBA loan may be a viable alternative to explore. Please visit the SBA loans website for more information.