A large, lump-sum payment due at the end of a loan term, typically used in commercial real estate loans with short-term durations and lower regular payments. It covers the remaining principal balance not paid during the loan term.
CRE Glossary
A large, lump-sum payment due at the end of a loan term, typically used in commercial real estate loans with short-term durations and lower regular payments. It covers the remaining principal balance not paid during the loan term.
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