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
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