If the usury limit is 10% and 9% is the note rate, but 4 points are charged, the points are deducted from the loan amount advanced and that amount is computed over the term with the original payment required to be paid and the effective interest rate is then computed, the annual percentage rate, which will be higher than the note rate in this case.Other loan expenses such as processing fees, origination fees, underwriting fees, funding fees, broker's administrative fees, loan servicing fees and such as well as private mortgage insurance are expenses to obtain the loan.

In a "fractionalized" note or participation one is the "lead lender", being responsible for servicing (responsibility for is not necessarily doing) administration.

Your TPA (third party administrator) should be able to explain how to work the contract and the use of the direction of investment forms needed to have the TPA transfer the funds to your closing agent.

Excerpt from Thoughts from the Frontline Weekly Newsletter If the Obama administration arbitrarily changes those rules to favor a political class (unions), then that is going to have a chilling effect on future lending to all corporations.

I came across this article on the idea of the administration to allow some homeowners to stay in their home and become renters.http://www.reuters.com/article/marketsNews/idUSN1429265720090714?

Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals.What does the term “Enrolled Agent†mean?

., New Lease Agreements, Renewals, Amendments, set up the rents, paying taxes, changing ownership's and many, many other various lease administration duties.

There are other fees too, like maintenance fees, trip charges, administration fees....all for them to manage all the day to day dealings with your rental.The buy and hold part just means that you buy the property and hold for the long term before you sell it or some other exit strategy.

First step was to contact a banker and get that straight (commercial business loan).Next step was to contact a realtor and get that straight (one that specializes in REI).After I got through those administrative details I was shopping.

The landlord shall send the proceeds of the sale minus the costs of the sale and minus any storage charges to the department of administration for deposit in the appropriation under s. 20.505 (7) (gm).3.