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Some investors obtain more than one loan when acquiring properties, thereby substituting more debt financing for equity financing. A traditional second mortgage is secured by:
Some investors obtain more than one loan when acquiring properties, thereby substituting more debt financing for equity financing. A traditional second mortgage is secured by: Multiple Choice a set of US Treasury securities whose coupon payments replace the mortgage cash flows. a balloon payment made by a government sponsored enterprise. the borrower's pledge of the property as collateral. an equity interest in their company (e.g., LLC)
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