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Loan types:

Real Estate Loans 

Business loans

Joint venture

Bond surety loans

Hard money loans

Trust deed loans

 

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The journey towards realizing your property vision begins when you click here and you make your first contact with Kolarewich Mortgage Co.

 

Jargon used in these sites

 

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Business loans

Loan advanced to a business instead of to a consumer. Commercial loans are usually for a short-term (from 30 days to one year), secured (backed by a collateral) or unsecured, and are often advanced for financing equipment, machinery, or inventory. From the commercial borrowers is usually required to submit monthly and annual financial statements, and to maintain insurance cover on the financed item.

In many occasions is needed a collateral lending.
Specific asset (such as land or building) pledged as a secondary (and subordinate) security by a borrower or guarantor. The principal security is usually the borrower's personal guaranty, or the cash flow of a business. Except for highly creditworthy customers (who can get loans against only their signatures) lenders always demand a collateral if the primary security is not considered to be reliable or sufficient enough to recover the loan in case of a default. A lien is created when the collateral is registered in the public records office, giving the registered lender priority over other lenders on the same asset or property. Lenders have the legal right to seize and sell a collateral if the borrower cannot pay back the loan as agreed. Sometimes the asset being financed (such as accounts receivable, inventory, machinery) is itself used as a collateral; in home mortgages the property being bought serves as a collateral.

 

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