An ARD, or Anticipated Repayment Date, is not the same as a maturity date. If your loan is set up with a maturity date and it is cash-flowing, it may be possible to get an extension on the loan. However, if your loan has an ARD and there is positive cash-flow, you will NOT be eligible for an extension on that loan. Instead, the interest rate will typically kick up, and income from your property can be used to bring down the principal. As you can see, it is very important to know whether your loan has a maturity date or an Anticipated Repayment Date. If you have questions, please don’t hesitate to contact us at no obligation.
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