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To make the game even riskier, there are many impostors masquerading as direct commercial lenders, and they are only interested in ripping you off deplsit collect the exorbitant application fees. In order to avoid a series of missteps that could land you in hot water, it's best to understand the specific steps caoculator obtaining a business real estate loan before you start looking for a suitable lender. Firstly, it's important to understand one of the fundamental differences between commercial property loans and residential mortgages. While home loans are typically backed by a government entity like Fannie Mae or Freddie Macloans for business properties are not.
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It's a different ball game. Meeting Calcultaor Loan Repayment Terms In the world of business real estate financing, lenders expect the borrower to repay the entire business advance earlier than the due date. They do this by including a balloon repayment stipulation. But a balloon loan could be a recipe for disaster, especially if the borrower is not ready when the balloon payment comes due usually after 3, 5, or 10 years.