What is a commercial mortgage?
They are sometimes called business mortgages, and offer a flexible way to raise capital.
Several popular types of commercial mortgages offer funding for:
- Multi-family properties
- Semi-commercial properties
- Bridge financing
- Income-producing investment properties
- Office buildings
- Self-storage facilities
- Retail malls
- Debt consolidation
- Restaurants
- Industrial properties
- Raw land
- Start-up financing
Why should you consider a commercial mortgage?
Landlord-imposed restrictions or high rent increases
When commercial real estate prices are high, buying might reduce monthly rent and free up working capital.
You want to leverage your business property to build wealth.
As the value of your commercial property appreciates, you can build equity by owning it.
You need to customize your property for a very specific purpose.
Most landlords won’t pay for the special construction required or your business needs. They also expect you to reverse any modifications to the property at your own expense after you vacate the premises.
You’ve located the ideal spot for your business
You might find a new location appealing due to factors including size, amenities, foot traffic, equipment, and accessibility to important suppliers. Purchasing the property and developing it can provide an extra source of income.
And so many more reasons….
Questions?
Are you ready to start the process?
