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Balloon Loan
(redirected from Balloon note)

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Balloon Loan
A loan or bond in which the borrower makes only interest payments for a set period of time. At the end of the term, the borrower repays the entire principal at once. A balloon loan may be useful when the borrower expects interest rates to be low at the end of the term, allowing him/her simply to refinance the loan. However, there is a high risk of default because not all borrowers actually have the cash to repay an entire loan in one payment. See also: Balloon Mortgage.
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As a result, they don't have to worry about having their building re-appraised or go through typical closing costs that would be required on a balloon note.
Getting capital in tight times: strategies for small business owners by Mattera, Julianne / Detroiter
The LCMS will finance the sale with a 10-year balloon note Although several people have pointed out the discrepancy between its words and actions, the LCMS has ignored the criticism.
Sale of KFUO announced by Absher, Frank / St. Louis Journalism Review
ARMs are resetting to elevated percentages,fallen property values, balloon notes becoming due, unstable money markets and security markets causing monetary losses in uncertain economy which leads to layoffs.
How to Be like "Donald Trump" Buy Forclosures! by Earnest Manuel / Real estate industry community
 
 
 
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