Business Leins

[skinny27]

What is the name of your state (only U.S. law)? MN
Can a business refinance with liens attached to the property?

 

[HomeGuru]

What is the name of your state (only U.S. law)? MN
Can a business refinance with liens attached to the property?

**A: please clarify. Is this a business loan secured by real property?

 

[skinny27]

Sorry

My apologies...the property has a mortgage with a bank that we would like to refinance, but their are two liens attached to the property. Can we still refinance this loan?

The balance of the property mortgage is 430,000 and the total of the liens are 120,000.

 

[seniorjudge]

Q: Can we still refinance this loan?

A: Yes, after the liens are paid off.