A mortgage secured by a lien on a piece of commercial real estate rather than a piece of residential real estate. Commercial loans tend to be made to business entities and are frequently five years in length or fewer, with balloon payments made at the end of the term of the loan and refinancing being extremely common.
Think Realty Podcast #334 – Struggling to Get Funded?
Struggling to secure business funding in today’s economy? Why is it harder than ever to get bank...
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