Modifying Construction to Perm
Posted By:
mdog76
Modifying Construction to Perm -
12/03/18
05:28 PM
When we are taking the construction loan and modifying it to perm, what and where is the best way to show outstanding accrued interest on the CD?
Posted By:
rlcarey
Re: Modifying Construction to Perm -
12/03/18
05:56 PM
If you are treating the modification as a refinance, then it is just part of the pay-off of the construction loan.