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This could be the "answer" using a question I received first auction week concerning a class of commercial real estate loans called "mezzanine" money. If you've never heard of it, don't feel concerned. It's usually used by fairly substantial commercial marketplace developers and investors predicaments where the existing debt doesn't go far enough locate property borrowed. Mezzanine debt is the modern-day equal of second trust deeds.
It is 2009 and preparations an additional census count are underway. Didn't we just possess a census? Didn't I just decide I wasn't in order to let this decade break free from from anyone? DARN that automated time machine!
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OK. Now let's the when to employ a Letter of Intent vs .. a Purchase Offer. I am specifically in order to be address this when taking a look buying an apartment building or commercial real estate.
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