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Mortgage interest less than office rent!

July 28, 2016
Lahaina News

LAHAINA - With commercial banks' mortgage interest at 3.5 percent and SBA at 4.09 percent, your interest expense on a 90 percent SBA 504 loan is far less than rent. That's right. You only need 10 percent down, and your interest payment is far less than rent.

This once in a lifetime opportunity for the office user is possible not only because of historically low interest rates, but also as prices are well below replacement cost. The original developer's loss is your gain.

Only three units are currently available for sale at Keawe Business Center. Two in particular stand out as exceptional values. Unit 302 is the only remaining unit for sale on the third floor. This unit has extraordinary ocean and Lanai views, 949 gross square feet, and is priced at $372,000. If a buyer is looking for a corner unit with windows on all three exterior walls, and partial ocean and Lanai views, there's only one on the second floor. It's priced at a very attractive $517,000 for its 1,495 gross square feet - the lowest per square foot price ever for Keawe Business Center.

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Only three units are currently available for sale at Keawe Business Center.

Ask for a free Keawe Business Center Net Cost of Buying cost/benefit analysis and you will also see:

Savings from depreciation is yours, and not your landlord's. This represents a significant CASH savings to you.

Savings of general excise tax. You don't pay GET on your mortgage payment. This is another 4.166 percent of CASH savings to you.

No future rent increases. If you've been a tenant for very long, you know how this adds up. Starting in year two, this is another significant CASH savings to you.

Your mortgage payment less these cash savings is less than rent. Your mortgage payment, including principal, less the cash savings from depreciation, general excise tax and future rent increases is also less than rent. No matter how you slice it, you are better off owning than renting.

You're building your equity, and not your landlord's. Your principal payment is your equity. Let your business build your equity, and not your landlord's.

Future appreciation is yours. You're the owner now, and not just the tenant. You will earn future appreciation on your office - just like on your home. With a purchase price below replacement cost, the likelihood of appreciation is great.

Join the great business neighbors at Keawe Business Center. Call Mario Cardone, principal broker of CardOneRealty Corp. and subagent of Peake & Levoy LLC, for a private showing in what promises to be West Maui's best business address. Call Mario at 276-8132 for your Net Cost of Buying cost/benefit analysis or for more information. Information is available at or e-mail



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