Missouri Governor Mike Parson announced Missouri will fully reopen and enter Phase 2 of its “Show Me Strong Recovery” Plan on Tuesday, June 16, 2020. Citizens are encouraged to continue to practice social distancing and avoid large crowds, but there is no statewide health order about COVID-19 and local officials have authority to enact further rules.

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