- Business expansion
- Refinance of existing debt
- Purchase of a commercial property directly linked to a business (e.g.hotel).
The Fairchoice Mortgage Team has a long list of Commercial lenders waiting to earn your business, lending anywhere from $50,000 to $50,000,000. A commercial mortgage is a loan made using real estate as collateral to secure repayment. A commercial mortgage is similar to a residential mortgage, except the collateral is a commercial building or other business real estate, not residential property. Commercial mortgages are usually taken on by businesses instead of individual borrowers Commercial mortgages are required for many reasons. For instance one may require...