Posted on: 25th Sep, 2009 01:41 am
What are Commercial Mortgage Loans?
Hi greggwyburn,
A commercial mortgage is more or less same as a residential mortgage. In case of a commercial mortgage, the collateral is a commercial building or other business real estate and not a residential property. Moreover, such mortgages are taken by businesses instead of individual borrowers. In case of commercial mortgages, the borrower can be a limited company, partnership or incorporated business.
Take care.
A commercial mortgage is more or less same as a residential mortgage. In case of a commercial mortgage, the collateral is a commercial building or other business real estate and not a residential property. Moreover, such mortgages are taken by businesses instead of individual borrowers. In case of commercial mortgages, the borrower can be a limited company, partnership or incorporated business.
Take care.
hi,
welcome to the forum,
Commercial mortgage loans are mainly designed for buying property for commercial use. This includes expanding office space, property investments, and property development.it is same as a residential mortgage.
welcome to the forum,
Commercial mortgage loans are mainly designed for buying property for commercial use. This includes expanding office space, property investments, and property development.it is same as a residential mortgage.
hi
i buy a single family that house located in community commercial zone in .Could you tell me what loans i can apply for .Thanksssssssss
i buy a single family that house located in community commercial zone in .Could you tell me what loans i can apply for .Thanksssssssss
you can take help of No-obligation free consultation section in this forum.