Commercial Loans—Description and Types

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COMMERCIAL LOANS DESCRIPTION AND TYPES


LONG-TERM COMMERCIAL MORTGAGE WITH A FIXED INTEREST


REFINANCE LOAN; A LOW-INTEREST COMMERCIAL LOAN


INTEREST-ONLY PAYMENT LOAN; THESE HAVE LARGE PAYOUT IN THE FUTURE


BRIDGE LOAN, PRIVATE LOAN WITH LOWER INTEREST


HARD MONEY LOAN, WHICH PRIVATE INVESTORS PROVIDE FOR SHORT-TERM


CONSTRUCTION LOAN, WHICH IS USED FOR COVERING LABOR AND MATERIAL COST OF STRUCTURES



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