Tuesday, June 21, 2011

504 debt refinance

SBA just released a further set of enhancements to the regulations governing the Temporary 504 Refinance Program. 
In short, the further enhancements allow:
- Submission of an application subject to an appraisal
- A clarification on the handling of multiple note refinancings

Anyone who owns their own building and has a balloon coming due should seriously consider a refinance with a 504 loan.

No comments:

Post a Comment