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October 21, 2021
SBA Loan – Small Business Administration Loan
October 15, 2021
Acronyms
Some definitions to make sure we're all on the same page.
Interest Only Loan (IO)
An interest only loan is a loan repayment method where the borrower is only liable for paying the interest charges for a designated term period.
Amortized Loan
The amortizing loan is the most common loan repayment method in the banking realm, where the borrower payments are allocated to both interest and the principal balance of the loan.
Loan to Cost (LTC)
October 14, 2021
Loan to Value (LTV)
Special Purpose Property
October 13, 2021
Right of First Refusal (ROFR)
Market Value
October 5, 2021
Letter of Intent (LOI)