How does the subordinate mortgage financing available under the 504 Loan Program work? Suppose a company wants

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How does the subordinate mortgage financing available under the 504 Loan Program work? Suppose a company wants to purchase a property for $1.5 million, but the first mortgage company will only lend $1.0 million. What is the minimum a business can put down and how can the difference be financed?

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Raising Capital

ISBN: 978-1461498124

2005 Edition

Authors: David E. Vance

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