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Updated over 6 years ago,

User Stats

22
Posts
2
Votes
Bryan Crow
  • Investor
  • Panama City Beach, FL
2
Votes |
22
Posts

Commercial loan with balloon note

Bryan Crow
  • Investor
  • Panama City Beach, FL
Posted

I have a few paid for rental homes that are held within a c corp. I would like to expand the portfolio with mortgages but am being told that I would need a commercial loan rather than conventional financing. The commercial loan has a balloon note at 5-7 years. Does that mean I would have to sell or refinance at that point? Do all commercial loans require balloon notes?

Thanks

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