Owner Occupied Real Estate and Equipment Loans
1 For the purpose of this offer, refinance shall mean the refinance of any non Bank of America loan.
2 On terms 48 months or greater.
3 All loans are subject to credit approval and loan amounts are subject to creditworthiness. Some restrictions may apply. Appraisals must be ordered by Bank of America. Bank of America may prohibit use
of an account to pay off or pay down another Bank of America account. This offer may not be combined with any other offer. SBA 504, 7a, and Express loans are not eligible. Only applications submitted
and closed within the promotional period are eligible. Offer not limited to a single loan.
4 Bank of America will pay the appraisal fee at the time the commercial real estate loan is closed. Loan must close by June 30, 2017 to be eligible.
5 Bank of America owner-occupied commercial real estate loans can be refinanced with a 10% increase over the amount outstanding in new money.
6 Owner-occupied commercial real estate is defined as property occupied by the borrowing entity and/or its affiliates. The primary source of repayment must be dependent on the cash flow generated by
these entities and less than 50% of cash flow may come from third party, nonaffiliated rents. 51% owner occupancy required.
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