Commercial Loan Question

[Tom Doherty]

Good morning BP,

I listened to the most recent podcast about BRRRR and Partnership (Great episode). @Brandon Turner mentioned something along the lines of a balloon payment on some of these commercial loans.

Couple questions.

1.Can someone explain a commercial loan with a balloon payment?

2. What happens if you can't pay the remaining balance back? Do you refinance?

3.Are there commerical loans without balloon payments?

4. What are the pros & cons.

I apprecaite the help.