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.