Leasing part of Project Property to another business.

CFR · 2024-01-01 · US · Title 13

(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.

official document · source cfr-2024 · id 13:§ 120.871