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Last week, our article was about the basics of Saudi commercial mortgage regulations. Before we move further, it would be better to define what is a commercial mortgage once again for the uninitiated. A commercial mortgage is a loan secured on a commercial property and used to acquire, refinance or develop commercial property. In this article, we shall highlight the latest ....
The basics of Saudi commercial mortgage regulations Dimah Talal Al-Sharif Short Url https://arab.news/wnt4n In strictly legal terms, a commercial mortgage is a loan secured on a commercial property and used to acquire, refinance or develop commercial property. Businessmen or traders often use this option to address financial crises. In today’s article, we shall discuss the salient features of commercial mortgages from the perspective of Saudi laws. A commercial mortgage is an agreement whereby a debtor or his guarantor allocates transferred money as a guarantee to secure a debt, and this includes modifications or additions to it. ....