Refi of construction

Posted By: CaseyBoo30

Refi of construction - 04/24/12 05:20 PM

Would the refinance of a temporary construction loan to get additional funds to finish construction be reportable?
Posted By: raitchjay

Re: Refi of construction - 04/24/12 05:31 PM

Is this new loan also temporary? Or does it go to perm? If temporary, not reportable. If it goes to perm, reportable as a purchase.