A commercial mortgage can be used for various types of properties, including office buildings, retail spaces, industrial facilities, and multi-unit residential properties. Whether you’re purchasing, refinancing, or expanding, the mortgage is tailored to suit your business needs. Specific eligibility depends on factors like property type, location, and financial standing.
The minimum down payment for a commercial mortgage depends on the type of property and your financial profile. Typically, you’ll need at least 25% to 35% of the property’s value as a down payment. Specific requirements may vary based on the loan structure and risk assessment.
Yes, you can refinance your commercial mortgage later, depending on your financial situation and the terms of your existing loan. Refinancing can help lower your interest rate, adjust your repayment terms, or access equity for business growth. Eligibility and options will depend on factors like property value, loan balance, and creditworthiness.
