Definition of Commercial Loan Curtailment?

Answer A commercial loan curtailment is the partial prepayment of the loan principal amount. If a corporate borrower pays the full principal amount -- that is, settles the obligation -- financial analysts... Read More »

Top Q&A For: Definition of Commercial Loan Curtailment

Definition of Mortgage Curtailment?

When you pay extra money in addition to your monthly mortgage payment, you have paid a mortgage curtailment. A mortgage curtailment shortens or ends a mortgage term before the agreed-upon date.

What is a 5-3-1 commercial loan?

Many loans come with penalties for prepayment. With a 5-3-1 commercial loan, the borrower would pay a 5 percent penalty for paying off the loan in the first year, a 3 percent penalty for paying off... Read More »

How to Modify a Commercial Loan?

83 Billion Dollars in Commercial Loans are in default now with more than one trillion coming due through 2010. If and when CMBS (commercial mortgage backed securities) come back online the rules wi... Read More »

How to Become a Commercial Loan Broker?

The banking industry serves many functions and one of the most important is the business of lending. It's not only people seeking to buy a home that need a loan; it's also commercial clients -- the... Read More »