In real estate finance, maturity refers to the date or period at which a promissory note comes to an end and the remaining balance of the loan becomes due. It marks the termination of the note and the borrower’s obligation to repay the debt according to its terms.
At maturity, any unpaid principal and accrued interest must typically be paid in full, unless the loan is renewed, extended, or refinanced. The maturity date is a key element of loan agreements and distinguishes long term obligations from short term or interim financing.
