Creative Financing
Creative Financing
Definition: Any financing arrangement other than a traditional mortgage from a third-party lending institution. Includes loans from the seller, balloon payment loans, wraparound mortgages, assumable mortgages, sale leaseback, land contracts, etc.
Definition: Any financing arrangement other than a traditional mortgage from a third-party lending institution. Includes loans from the seller, balloon payment loans, wraparound mortgages, assumable mortgages, sale leaseback, land contracts, etc.