A short-term loan matures in less than 10 years. The interest rates for short-term loans are typically higher than for long-term loans. Monthly payments are also higher because they are spread over a shorter period of time.
LINES OF CREDIT
A real estate investor line of credit is a relatively simple concept. Much like a business credit card, a real estate line of credit allows you fast access to cash, and you only accrue interest on the amount you use.
A portfolio loan is used to finance properties with one to five or more units in good or poor condition or to purchase multiple properties at one time. Portfolio loans are generally used by investors to purchase residential real estate.