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A strong credit rating and steady cash flow may help you get a favorable rate on a home mortgage, but they're only part of the story when you want to buy commercial property.
Commercial property loans allow businesses to purchase land, buildings, or other property without draining your finances. Like a home mortgage, a commercial property loan uses the property being bought as collateral against the loan.
We regularly survey BuyerZone users to find out how much they paid for their purchases. Here's a look at the rates and additional costs they've reported on commercial mortgages.
Securing a commercial finance mortgage is a time-consuming and complex process. So it's understandable that borrowers can often get the wrong impression of how the industry works. Here are a few typical misconceptions you should be aware of.
Looking to expand your business, or just to stop paying rent every month? Commercial real estate loans can get you into a new position as a property owner.