Posted by Rob FL on November 01, 1998 at 17:25:05:
You’re not the wrestler are you? Haha.
In many commercial deals there are sale/leasebacks where the owner of the property sells to a new buyer and then leases the property back. Usually on an ongoing business of some sort where the business owner wants to get his money out of the real estate but still maintain the business. I don’t think this would be considered a mortgage, it sounds just like a lease to me. They no longer have any ownership rights in the property. I am not a lawyer or accountant however.