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Updated about 1 year ago on .

Chris Blackburn's profile image
Chris Blackburn's profile image
Chris Blackburn
  • Developer
  • from Salem, OR
  • Member since Jul 19, 2014
Connect

User Stats

183
Posts
108
Votes
Chris Blackburn's profile image
Chris Blackburn's profile image
Chris Blackburn
  • Developer
  • from Salem, OR
  • Member since Jul 19, 2014
Connect
Chris Blackburn
  • Developer
  • Salem, OR
108
Votes |
183
Posts
Commercial Real Estate Investing

$10M USDA Loan, (credit union) If replacing borrower, Does 70%loan guarantee Follow?

Chris Blackburn
  • Developer
  • Salem, OR
Posted

A 5  year old USDA loan for an assisted living facility for $10M. This loan is in place,   $300,000 loan guarantee fee to USDA for 70% guarantee. $7M.      Do you know if the loan is assumed, that the guarantee will follow with the new entity assuming the loan?  I was under the impression that any change in loan guarantor would NOT allow the loan guarantee to follow.    If anyone has data or can show me how USDA Rural deals with this, it would be helpful.     

  • Chris Blackburn
    • Salem, Oregon
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