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WHAT DOES special-purpose vehicle mean in terms of mortgages and loans..?

April 26, 2017Business Estate Finance mean mortgages renting special-purpose terms vehicle

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WHAT DOES special-purpose vehicle mean in terms of mortgages and loans..?

1 Answer

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10 Posted

It is a legal structure to hold the mortgages and loans only. It is like a company but it only holds the financial assets and does not do anything else.