Commercial second mortgages have historically been a very rare financing tool reserved for extremely strong borrowers, divided into two general segments.1. Owner occupant property owners with outstanding business finances. 2. Large sophisticated commercial real estate developments with minimum loan amounts beginning at $5 million. Typical project size would be $15 million plus.Both of these types [...]
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Commercial Second Mortgages – A Way to Unlock Equity
Posted by admin on December 7th, 2009
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Tags: Amortization Schedules, Business Finances, Closing Cost, Commercial Real Estate, Commercial Real Estate Investors, Credit Scores, Estate Developments, First Position, Illiquidity, Loan Amounts, Loan Proceeds, Loan Structure, Minimum Loan, National Lenders, Owner Occupant, Position Loan, Real Estate Investors, Second Mortgage, Second Mortgages, Typical Project 
No Comments »What Is A Second Mortgage?
Posted by admin on December 4th, 2009
A second mortgage is a loan that is secured by the equity in your home. When you obtain a second mortgage loan the lender will place a lien on your house. This lien will be recorded in 2nd position after your primary or 1st mortgage lender’s lien, hence the term second mortgage.A second mortgage is [...]
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