Leasing part of Project Property to another business.

13 C.F.R. § 120.871
in effectEffective: 2024-07-01
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(a) The costs of interior finishing of space to be leased out to another business are not eligible Project costs. (b) Third-party loan proceeds used to renovate the leased space do not count towards the 504 first mortgage requirement or the Borrower's contribution.

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