How do real estate loans work?
Posted on June 2nd, 2010 in Investing | 1 Comment »
Antione J asked:
Commercial real estate loans? How do they work How do developers get money to build huge skyscrapers? How do they pay these loans back? I need details.
Campbelltown Pa Real Estate
Commercial real estate loans? How do they work How do developers get money to build huge skyscrapers? How do they pay these loans back? I need details.
Campbelltown Pa Real Estate
One Response
Thermage Stomach
Commercial loans can work several different ways……here is one way:
A developer wants to start a project, first they locate people that invest in their idea (if they can’t handle the expense themselves which is where most of the money is). Then they complete the project on time and under budget. Then one of two things happens, they either run the business or they sell the project to people who knows the field of the project. They then sell space to leasers or renters. Presto, commercial lending.