Commercial Hard Money

 

Prepayment Penalty

Money charged for an early repayment of debt. Prepayment penalties are allowed in some form (but not necessarily imposed) in many states.

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Thank you thank you, thank you. You saved our project and our sanity. We stood to lose a $925,000 deposit. You not only saved it for us, but enabled us to move forward, complete the project, and make a profit - and in this market, that's really saying a lot. You have our loyalty from here on.
-The Forrester Partnership
 

 

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