Commercial Loan Term vs. Amortization: What’s the Difference?
[IMAGE: Graphic comparing a 5-year commercial loan term vs a 25-year amortization period]
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Commercial Real Estate Balloon Payment: Understand and Plan
This guide uses a hypothetical $1 million loan at a fixed 6% nominal annual rate, with 25-year amortization and a five-year term. Payments occur monthly at period end, with no fees, escrow, prepayment