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• 1. M

     Acting as a lender for commercial property and insurance?

     To: adjusterjack I've loaned the money to the builder. To: LdiJ I've tried to get a policy of my own but the insurance agent told me that they can only sell me one when my name is on the deed. It is not. However one of the mortgage that was signed by the builder states clearly this: "All...

     • Marlene_35
     • Post #13
     • Jun 3, 2018
     • Forum: Other Real Estate Law Questions
  2. M

     Acting as a lender for commercial property and insurance?

     Thank you all for your help. The first note was recorded as a mortgage, the other promissory notes were not recorded. The mortgage says that the borrower must provide insurance at all times. However the builder (it was a new construction finished in 2018) is refusing to purchase the required...

     • Marlene_35
     • Post #8
     • May 30, 2018
     • Forum: Other Real Estate Law Questions
  3. M

     Acting as a lender for commercial property and insurance?

     Thank you. To HRZ: I have issued 3 notes and only one note has been recorded. There is no other lender for that property besides me. Do you advise to record the other promissory notes as well?

     • Marlene_35
     • Post #4
     • May 30, 2018
     • Forum: Other Real Estate Law Questions
  4. M

     Acting as a lender for commercial property and insurance?

     FLORIDA I am a lender for a commercial property (6-plex). My name is NOT on the insurance policy but the borrowers' name is. Can I be liable for anything that could happens to the property or tenants who live in there? Thank you for your input. Marlene

     • Marlene_35
     • Thread
     • May 29, 2018
     • Replies: 13
     • Forum: Other Real Estate Law Questions