Definitions for "Bullet loan"
Also known as a Construction Loan. Any of a variety of short-term (generally five to seven years) financings provided by a lender to a developer to cover the costs of construction and lease-up of a new building with the expectation that it would be replaced by long-term (or permanent) financing provided by an institutional investor once most of risk involved in construction and lease-up had been overcome resulting in an income-producing property.
Interim financing for leased-up properties often used to repay the construction loan; typically an interest only loan for two to ten years that cannot be prepaid.
Typically a loan with a 5- to 10-year term and no amortization. At the end of the term the full amount is due.
Keywords:  bullish, bullion, coins
Bullion coins Bullish