HCDC February 2019 SBA 504 Interest Rates
10-Year Loan = 5.064% 20-Year Loan = 4.646% 25-Year Loan = 4.771%
Industrial Real Estate Market in Hamilton County Continues to Expand
Demand for industrial buildings in Hamilton County continues despite high levels of new construction. Quarterly statistics provided by Costar, a real estate information company, show industrial vacancy rates in Cincinnati and the surrounding County have been dropping starting in 2012 and are at a record low 2.3%. This is coupled with far above average new…
“I’d to thank HCDC for all it did for us early on in our business. We started the business back in 2009, and at that time we were two guys and an idea. At that stage of a company’s lifecycle, you encounter lots of challenges and don’t have answers. The HCDC Business Center really served as an advisory board for us, to provide us with advice and guidance when we needed it, to give us the encouragement and support when we didn’t quite see the light at the end of the tunnel.”
Austin Allison
Founder of DotLoop (now owned by Zillow)
“We benefitted tremendously from incubating at the HCDC Business Center. While the affordable rent and fast internet services were great, the bigger drivers were: Informal networking with other entrepreneurs; Being equidistant to anything in Greater Cincinnati; Exposure to local investors and banks; The availability to tap the expertise of mentors and coaches. Would we go with the Business Center again if we had to do it all over again? Hands down, no doubt!”
Brian Taylor
CEO, Scenario Learning, 2008 Business Center Graduate
“The Business Center is Greater Cincinnati’s greatest entrepreneurial asset. The incubation program gave me the foundation and the encouragement that I needed to succeed.”
Thomas Reed
Founder Intrexon Corp., 2004 Business Center Graduate
“Working with HCDC has been very easy. I can always call Angie [Loan Officer Angela Howard] with any questions. She even gave me her personal cell number for me to reach her when she was out of the office. Most people have heard of the SBA, but without them, the bank won’t come in, and you won’t get state and local investment.”
Kenny McNutt
MadTree Brewing Partner, SBA 504 Loan Borrower
“HCDC walked me through the SBA 504 loan process every step of the way, which I really needed since I had never purchased commercial real estate before. They also helped me out with a tricky leased land situation that helped pave the way for future commercial real estate purchases.”
Steve Dorgan
President, Wray Precision, SBA 504 Loan Borrower
“HCDC is indispensible in staying on top of what’s going on in the business district, Hamilton County, and the region, and helping us define and refine its future.”
Mike Lemon
Columbia Township Administrator
“HCDC was able to take our strategic concept and support our efforts to bring it to life through tactical execution, from working with vendors and business owners to coordinating key partner meetings. Their involvement was a key to our success!”
Beth Robinson
President & CEO of the Uptown Consortium, Inc., and HCDC Board Member
“HCDC was extremely helpful to me as the new City Manager. It was great to get an outside perspective on the North College Hill business district and the issues facing the businesses located here. I also appreciated the guidance I received in the City’s efforts to attract new businesses to the City.”
Sheryl Long
North College Hill City Administrator
“HCDC has always been and continues to be an important partner for our community. The organization has been instrumental in our efforts to position Forest Park as a destination for business investment and development. The organization’s expert staff has helped our companies secure financing and incentives for expansion. They even assisted with our campaign to redevelop and reposition underdeveloped properties. HCDC’s team is truly an invaluable resource and key contributor to our recent success.”
Paul Brehm
City of Forest Park Economic Development Director and HCDC Board Member
HCDC February 2019 SBA 504 Interest Rates
10-Year Loan = 5.064% 20-Year Loan = 4.646% 25-Year Loan = 4.771%
Industrial Real Estate Market in Hamilton County Continues to Expand
Demand for industrial buildings in Hamilton County continues despite high levels of new construction. Quarterly statistics provided by Costar, a real estate information company, show industrial vacancy rates in Cincinnati and the surrounding County have been dropping starting in 2012 and are at a record low 2.3%. This is coupled with far above average new…
ULI’s Emerging Real Estate Trends of 2019
January is an ideal time to be philosophic; the weather worsens, the holidays are over, but at least the daylight is extending. The Urban Land Institute (ULI) adopted a very philosophic approach to its 2019 Emerging Trends in Real Estate Report. The report was released in mid-December 2018 with a local presentation by nearly 30…
