Financial Analysis Padden Parkway Business Park is a unique mixed use development consisting of 265,000 sq ft of privately owned retail, professional office, medical, and light manufacturing uses. This development allows a company to own its own real estate often for much less than renting a comparable commercial property. This business park offers companies of all kinds the opportunity to own their real estate with the benefits of value appreciation and at the same time be able to experience the tax advantages of private ownership. In the case of a company not wanting ownership at this time, leases are also available with the opportunity of converting to a purchase option agreement at a later date after occupancy. Padden Parkway Business Park properties are available with 90% loan to value financing with only 10% down using the Small Business Administration (SBA) financing. The SBA financing program was created by the United States Congress to stimulate business and at the same time create small companies the opportunity to own their own Real Estate. Qualifying is easy and most experienced and many new start up companies qualify. There are two SBA programs available at this time; The 504 program combines a conventional first trust deed of 50% of the loan to value ratio, and the remaining 40% is secured by a second trust deed. This relates to 90% of the appraised value including any options and/or improvements ordered for your unit or units. This does not include loan fees and closing costs. This makes ownership below the cost of leasing when including, annual depreciation, mortgage reduction, and of course, appreciation. The 7a program is a single loan usually from a myriad of national and local banks. This is usually an adjustable mortgage tied to the prime rate. It still only requires 10% down. This loan can also include options and/or improvements including funds necessary for equipment purchases or working capital. Both of the above loans are usually amortized over a 20-25 year period with no balloon payments. Conventional financing is also available, but sometimes require as much as 20% to 30% down. It is highly recommended that you determine how much your purchase price will be including options and upgrades and then consult with your personal/business CPA, accountant, or financial advisor. Leasing is also available with a 3-year minimum that can include ongoing option periods to sustain your established location. A lease can always be converted to an option to purchase when you feel your time is right. We recommend you to consult with your personal/business advisor or advisors because it is difficult to determine fixed quotes at this time due to the fact that everyone and/or business may be in different tax brackets.