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There are three partners in an SBA 504 loan—the borrower, a bank or other regulated lender, and a CDC. Typically the borrower must contribute 10% of the total project cost; their bank lends 50% at their own rate and term (as long as the term is at least 10 years), and has a first lien on the assets being financed; and the CDC lends 40%, with a second lien.
Corruption in S.C. real estate transactions can be simply “the price of doing business” for realtors because the SC Real Estate Commission is essentially a “self-regulation organization.
Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers". These properties are not eligible for Section 1031 treatment. However, if a taxpayer is a dealer and also an investor, he or she can use Section 1031 on qualifying like properties.
In 1978, the company was founded as a real estate development company [4] by Robert Duncan. [5] During the recession of the late 1980s and early 1990s, the company converted into a services business. [4] Beginning in 1994, the company expanded into the West, Southwest and Midwest regions of the United States. [4]
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The jobs report also showed upward revisions for previous months, with September payrolls revised up by 32,000 to 255,000 and October revised up by 24,000. The unemployment rate edged up ...
In June 2007, The Real Deal was renamed The Real Estate Pros. At a fundraiser event in Charleston, Richard C. Davis, who heads Team Trademark, said he "intends to document the lodge’s rehabilitation as part of the real estate company’s reality series, due to air on TLC in April". The show had a five-year hiatus.
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