You would have to show that you intended to hold the property for rental, investment or business use should you get audited.

Banks will routinely audit to see who they might be able to get more money out of & if it's a non-disclosed material change to the original lending agreement and they did not expressly agree to the change in terms, they will want to change the terms to make them beneficial to the bank.Also, if you do not have credit built up in that entity or equity to leverage, the chances of you getting a sweetheart rate are lower compared to your own good personal credit.   

You have the basic steps but you want to drill down on all the metrics as real estate is hyper local so you want to get granular on demographics, market fundamentals, lease audits, tenant metrics, property details and expenses etc.A lot of this will depend on the location, size, type and condition of the property.

While if federal audit is pretty low nowadays, but three years and no prior SchE filings and then you try to claim as long term capital...Good luck

Hello,I'm looking at refinancing our SBA loan debt this summer or fall - and looking at obtaining an FHA Sec 232 loan or I've seen there are some Fannie/Freddie loan programs as well depending on the lender.I like the fact these are non recourse with carve-outs and depending on the loan can be assumable and with far better interest rates for the life of the loan.However I'm a bit paranoid about the controls the lender would have over myself/our business and how much it would cost to have audited financial statements. 

If you don't have them, GET THEM.)In other words, pay me now for XX hours of work, and we'll send you weekly audits showing how many hours were used and for what purpose.

Then you need to walk every unit, do a lease audit, and a detailed inspection of the property.

Hello,I'm looking at refinancing our SBA loan debt this summer or fall - and looking at obtaining an FHA Sec 232 loan or I've seen there are some Fannie/Freddie loan programs as well depending on the lender.I like the fact these are non recourse with carve-outs and depending on the loan can be assumable and with far better interest rates for the life of the loan.However I'm a bit paranoid about the controls the lender would have over myself/our business and how much it would cost to have audited financial statements.

The next one I invested in I talked with the accounting firm they use for annual auditing, the bankers they use for financing, as well as a n umber of past investors.

It's a potential explanation if ever audited.