Code of Federal Regulations · Section

§ 120.871 — Leasing Part Of Project Property To Another Business

13 C.F.R. § 120.871

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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.

13 C.F.R. § 120.870 13 C.F.R. § 120.880

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