A commercial mortgage is a type of financing specifically created for buying or refinancing commercial properties. These long-term loans are secured by the property itself, enabling businesses to access the funds needed for acquiring or investing in commercial real estate.
Unlike short-term financing options, commercial mortgages generally offer lower interest rates and extended repayment periods. This makes them ideal for businesses aiming to solidify their presence, expand their activities, or generate income through rental from commercial properties.
Commonly referred to as business mortgages, these loans provide business owners with the financial resources necessary to purchase land or property for their ventures. Repayment is structured in monthly instalments, akin to residential mortgages, and includes both principal and interest.
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