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Updated over 6 years ago,
Commercial loan with balloon note
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