Legal Question in Real Estate Law in Florida

in florida can you get a commercial loan on a commercial building/business and a home on the same commercial land but with two different legal discriptions


Asked on 1/19/10, 3:36 am

1 Answer from Attorneys
Alterraon Phillips APLaw, LLC

This is a decision for the bank as each operates differently and have different policies as to how they would structure a loan like this. I can tell you if the home has a different legal description than the commercial building, you are dealing with two seperate pieces of property unless the prior owner owned both and record some form of unity of title.

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Answered on 1/24/10, 4:37 pm


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