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Can a builder or realtor finance a building with IRBs and lease it to my company?

April 26, 2017builder building COMPANY Finance IRBs lease REALTOR

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Can a builder or realtor finance a building with IRBs and lease it to my company?

1 Answer

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Yes, the builder is considered the obligor and the lease is considered the operator. The obligor must prove commitment of operator at time of application with the Department of Commerce and must commit to continue to meet requirements of federal and state statues, even if the lessee changes.