Finance
What is a 'participation mortgage' in South Carolina commercial real estate?
AA mortgage requiring multiple borrowers
BA mortgage where the lender shares in the property's income or appreciation in addition to interest✓ Correct
CA government mortgage participation program
DA mortgage requiring community board participation
Explanation
A participation mortgage gives the lender a share of the property's income, cash flow, or appreciation (equity kicker) in addition to regular interest payments, typically used in commercial real estate.
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