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by zer00eyz
726 days ago
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And commercial loans look nothing like what you would use to buy a home with. Most of them are 5 year (there are others), interest only and a massive balloon payment at the end. They are written based on the income of the property & its value. We're seeing these markets unwind, and it isn't going to be pretty. Commercial property across the board (not just offices) has been in a strange place for a long time, and it isn't getting better. |
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