1272. Refinancing

No individual upward adjustment of a rent ceiling shall be authorized by reason of increased interest or other expenses resulting from the landlord's refinancing the rental unit if, at the time the landlord refinanced, the landlord could have reasonably foreseen that such increased expenses could not be covered by the rent schedule then in existence, except where such refinancing is reasonable and is necessary for the landlord to make capital improvements which meet the criteria set forth in Section 1267(C). This regulation shall only apply to that portion of the increased expenses resulting from the refinancing that were reasonably foreseeable at the time of the refinancing of the rental unit and shall only apply to rental units refinanced after the date of the Ordinance.