Apartment Loan Leesville LA
Eustis Mortgage Corporation
1806 North Pine Street
Vernon Abstract Co Inc
304 East Courthouse Street
City Savings Bank Lsvl
400 South 5th Street
Merchants & Farmers Bank & Trust CO
1340 Boone Street
Fertitta Insurance Agency
1400 South 5th Street
Fairway Independent Mortgage Corporation
1402 South 5th Street
12286 Lake Charles Highway
1626 South 5th Street
Snowdenword Insurance Agency Inc
333 North 6th Street
Merchants And Farmers Bank And Trust Co
501 South 5th Street
What is an Apartment Loan?
Most people are familiar with home loans , since
most homeowners needed to borrow money in order to purchase their home. Another type of real estate loan that is not as common is an apartment loan . This is a loan that is used by real estate investors or property management firms to buy units in an apartment complex.
When someone uses an apartment loan to buy apartment units or condos , he or she typically rents out as many units as possible, using the rent to both pay back the loan and make money from the rental. The owner hopes that the value of the units will increase so that he or she is able to make a profit from the investment as well as collecting the monthly rent.
Apartment loans are often confused with mortgages , but the two have several large differences. Mortgages are used to pay for both the home and the land upon which the home is built. Apartment loans are strictly for the living units . Someone who owns several units in a building does not own the land, but simply the units. These units can then be rented out to tenants .
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