Can I use the PROPERTY AS Part of the bank loan?

In Buying Property - Asked by Randall t. - Sep 21, 2009
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Answer(s)

Joshua S.
Broker/Agent
New York, NY

It really depends on exactly what you are trying to do. There are such lending practices like blanket loans, Cross colateralazation, that will allow you to make a lein on other property. There are as well second mortgages. I hope this helps.

Oct 16, 2009
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Gregory G.
Broker/Agent
San Francisco, CA

Yes, you can. Of course depends on what type of loan and other circumstances.
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Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531
(415)225-9894
gregory.garver@gmail.com

Oct 23, 2009
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