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Balloon Payment Notice for Commercial Real Estate

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Question: 
Do I need to provide a balloon payment notice for a commercial real estate loan that is a 5 year balloon based on a 20 year amortization?
Answer: 

Not by regulation, but a maturity notice is common. Most banks would be having conversations about repayment, refinancing, etc. prior to maturity.

First published on 11/20/2016

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