(a) Financing provided by the vendor of Project Assets has to be subordinate for the 504 loan. SBA may possibly waive the subordination necessity In case the residence is assessed as “other real estate owned” by a national lender or other Federally regulated lender and SBA considers the house for https://hilaryg689vtr8.loginblogin.com/43239157/the-2-minute-rule-for-503-loan