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Commercial Real Estate FAQs What is commercial financing in general? Financing a property is the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full price in cash up front from their own accounts at the time of the purchase. What is the effect of a due on sale clause? A due on sale clause is a provision in a note, mortgage, or deed of trust whereby the entire outstanding debt becomes immediately due and payable at the creditor’s option upon sale of the property acting as collateral for the loan. What is the difference between a mortgage and a deed of trust? A mortgage is a document that encumbers real property as security for the payment of a debt or other obligation. The term "mortgage" refers to the document that creates the lien on real estate and is recorded in the local office of deed records to provide notice of the lien secured by the creditor. The credit...
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Secured vs. Unsecured Business Credit Cards: Which is Better?

Secured vs. Unsecured Business Credit Cards: Which is Better?                 Having a bad credit report can surely become a hindrance in establishing your business. Most likely, you will have difficulty in trying to persuade lenders to give you a business credit account, which can be very significant for your company. Without business credit for back up, you are placing your company at a very huge threat of running out of cash and even a possible stop in its operations. Your credit score may not be very constructive to your reputation, you may have very limited options –either you get an unsecured bad debt credit card or a secured credit card . In this article, let us know the difference between these two credit cards and how they can help your business, especially if you have bad credit. The Difference between a Secured and an Unsecured Credit Card A secured credit card would basically requ...
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iConnect Commercial Real Estate Marketplace

The Real Estate Marketplace is the place on iSmallBizCredit where you can promote or advertise your real estate business, your deals & opportunities, and your website. If you have commercial real estate for sale, the marketplace is the perfect place to find buyers. It is also the only place where soliciting partners, deals, leads, or referrals, is acceptable on iConnect. FOR SALE Large scale commercial cash flowing asset Partners sought for Large scale commercial cash flowing asset . Minimum $350,000 and entails owning significant share of permanent equity. 82 Clinton Ave Newark, NJ 07114 ·   4,000 SF · Office For Sale Description Historic 1850's Brownstone currently zoned for 3 commercial units,  new roof Located in the Lincoln Park area of Newark.  Close to downtown, highways and public transportation Price: $225.00 Gas Station for sale in a very busy area of the Bronx- Brand Name Gas Station- for sale ...
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