A commercial mortgage is a loan to purchase, invest in, or refinance an income-producing property, such as an apartment building or office complex. These loans are typically granted to businesses, although individual investors can also be approved.
Purchasing a rental property or developing a new commercial building can be a highly profitably long-term investment, with the right loan conditions.
The details of a commercial mortgage agreement can vary considerably, and interest rates are usually higher than home-owner mortgages. Fortunately, as a professional mortgage broker, Ravi Singh can provide options and advice on finding the commercial mortgage that’s right for you.
Ravi’s services are particularly beneficial when you have a great opportunity to invest, but not a great credit rating. With access to many alternative and private lenders, you may very well be able to get the financing you need, even if the big banks have turned you down.
There are, of course, requirements, but Ravi and his team will explain what you need to provide, help you complete the application form, and be there to advise and assist you every step of the way.
Commercial property is basically any property that is owned by one party and leased or rented to another. Some examples include:
- Agricultural Land
- Apartment Buildings
- Medical Buildings
- Office Buildings
- Parking Lots or Garages
- Residential Rental Homes
- Shopping Malls
- Storage Buildings or Complexes
- Townhouse Complexes
To learn more about getting a commercial mortgage and how we can help you with a great investment, just give us a call.
