1 William Shakespeare died on April 23rd 1616, and was buried on April 25th, in the chancel of the same church in which he was baptised 52 years earlier.
Commercial term loans are short-term financing for non real estate purposes. The rates are typically fixed and the term runs from three to 10 years. Ten-year terms are a bit rare, however, with most commercial term loans capping at seven years.here are a number of loan variations too, ranging from mortgages to term loans to lines of credit. Unlike residential loans, commercial loans do not always have set terms. While the specifics can be negotiated, average commercial loan terms fall into certain ranges.
The typical commercial property bridge loan has a term of six months to one year, although many commercial bridge loan lenders will grant the owner the option to extend for six months to one year for a fee of between a half-point point to two points. Bridge loans are more expensive than permanent loans. In a market where a commercial property borrower might be able to obtain a 6% permanent loan, he might have to pay LIBOR plus 3% to 4% (8.25% to 9.25%), plus a point or two, for a bridge loan from a commercial real estate opportunity fund.