SBA Loan Closings (Session 6): Interim Financing and Third Party Loans in SBA 504 Loans

This program can be taken individually or as Chapter 6 of the 504 Loan Closing Course. This Session is designed for attorneys and paralegals, CDC managers and staff, and bankers and bank counsel engaged in closing SBA 504 Loans or interested in learning more about the requirements for Interim and Third Party Loans and Debt Refinancing.

Learning Objectives:

1. Sources of Interim Financing and Do-It-Yourself Construction
2. Construction Escrows
3. Construction Contingencies
4. Interim Loan Documents
5. Interim Lender Certification
6. Requirements for Third Party Loans
7. Third Party Loan Documents
8. Third Party Lender Agreement
9. Debt Refinancing without Expansion
10. Third Party Lender Participation Fee
11. Seller and Subordinated Financing including Industrial Development (IDBs) or Industrial Revenue (IRBs) Bonds 

This course and all 504 Loan Closing courses were produced with a partner and are not included in any of our unlimited CLE subscriptions.