Multiple guaranteed loans.

CFR · 2024-01-01 · US · Title 7

The Agency may guarantee more than one loan on any project if all guaranteed loans, in the aggregate, comply with these regulations, including without limitation: (a) In the aggregate, loans do not exceed the maximum guaranteed loan amount and loan-to-value limits, as contained in § 3565.204; (b) In the aggregate, loans are all to be secured equally by a first lien as the Agency may, at its sole discretion, determine necessary to ensure repayment of the loans; and (c) If different lenders originate the loans, each lender has executed an intercreditor agreement in form and substance acceptable to the Agency.

official document · source cfr-2024 · id 7:§ 3565.212