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This may be a trivial question but do they continuously refinance with leverage? Let's say that the property was built 20 years ago, has been operating since th
by terminalcommand 3y ago
This may be a trivial question but do they continuously refinance with leverage? Let's say that the property was built 20 years ago, has been operating since then, will there be any mortgage left on it?
- nradov 3y agoYes, the usual practice is to refinance periodically. It's common for those loans to be for 10 years, but terms vary.