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If a property has
been owned for less than two years, we must use the
purchase price plus the cost of any improvements made
for determination of the property’s value. |
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A commercial loan involves real
estate, where as a business loan involves non-real estate
collateral. Always clarify. |
|
One potential source for a
down payment on a commercial property is through a cash-out
refinance on a residential property. |
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