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Updated almost 12 years ago,

User Stats

289
Posts
12
Votes
Dan Krause
  • Michigan
12
Votes |
289
Posts

Is it legal to have a CTL loan and a commercial mortgage on the same NNN property at the same time?

Dan Krause
  • Michigan
Posted

Is it allowed? The CTL loan covers financing from the tenant lease payments. Would a commercial mortgage lender (at the same time) be able to finance the actual property of the same NNN lease? Such as 50% financing from one lender and 50% financing from the other lender. The commercial mortgage would be based on the value of the actual property. Is this legitimate? Thank you

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