A commercial mortgage is what can be described as the use of real estate as collateral for a mortgage to secure payment. The difference between a commercial mortgage and a residential mortgage is only the type of land used.The rates may slightly differ but they are generally the same. A commercial mortgage is also taken [...]
Commercial real estate investors often ask which is the more appropriate loan for their situation, the Commercial Equity Line of Credit or the Commercial Fixed Rate Second. Both of these loans sit in second lien position behind any existing first commercial mortgage, enabling investors to unlock equity and use those proceeds for other projects. Common [...]
A silent second mortgage is typically a second mortgage offered at preferential (subsidized) terms to those who qualify. These are generally offered by the state through one of three federally authorized programs, the Mortgage Revenue Bond (MRB) program. These programs typically entail a 97% FHA loan and a 3% silent second mortgage that is offered [...]
