Commercial Loan Prepayment Penalties Unwrapped
Nothing says romance quite like a prenuptial agreement does it?
That comment is certainly facetious, but sets the stage for an analogy regarding the prepayment penalty aspect of commercial loans. It is important to understand what you’re getting into with your loan. The loan documents explain all the terms of the loan, and the prepay piece is really the predetermined cost of breaking up with a lender.
A prenuptial agreement defines and outlines what things will look like in the event […]