504 Refinance with Expansion
Combine your existing loan with financing for an addition to your building and get a long-term fixed rate for 20 years on 40% of the project costs.
- Loan(s) to be refinanced must be at least two years old. (More than one loan can be refinanced as long as they are secured by the same asset)
- Loan(s) must be current on all payments for at least the previous 12 months
- Maximum loan to value is 90%
- Borrower must occupy at least 60% of the building