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A deed is normally
used to convey
real property.
Every state
has a public
record system
that in theory
should track
every transfer
of ownership
of a property.
Obtaining a
loan for a commercial
property will
usually require
some kind of
guarantee incase
you cant make
payments, which
usually comes
in the form
of a mortgage
or deed of trust
against the
property. This
allows the lender
to foreclose
if you fail
to meet your
end of the agreement.
Also, a business
must often maintain
a certain net
equity when
applying for
a commercial
loan.
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