Mortgages used to purchase shopping malls and office buildings are classified as
A. developed mortgages
B. dwelling mortgages
C. commercial mortgages
D. non-commercial mortgages
Answer: Option C
Solution (By Examveda Team)
Mortgages used to purchase shopping malls and office buildings are classified as commercial mortgages. A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.This Question Belongs to Management >> International Finance And Treasury
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