Finance
What is a blanket mortgage in Nevada commercial real estate?
AA mortgage covering all the borrower's personal assets
BA single mortgage that encumbers multiple parcels of real property, often used by developers building on multiple lots✓ Correct
CA mortgage with an all-inclusive interest rate
DA Nevada government loan covering all property types
Explanation
A blanket mortgage covers two or more parcels of real estate as security for one loan. It often contains a partial release clause allowing individual parcels to be sold and released from the lien when a specified amount is paid. Commonly used by Nevada developers.
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