A commercial mortgage is a loan made using real estate as collateral.
It is similar to a residential mortgage except, the collateral is a commercial building or other business real estate.
This type of financing is beneficial in many circumstances.
For instance, one may require funds for:
- BUSINESS EXPANSION
- REFINANCE OF EXISTING DEBTS OR LEASES
- PURCHASE OF PROPERTY OR EQUIPMENT
The value of a broker within this field cannot be overstated, due to the specialized nature of every commercial mortgage transaction.
The Fairchoice Mortgage Team has Commercial lenders that will fit your particular business.