Commercial Mortgages . A commercial mortgage is a loan taken out on commercial real estate (as opposed to residential) with the property as collateral. The borrower is generally a company or business as opposed to an individual and the business may be either a.
Commercial investment mortgages: This is used for property you’re planning to let out. How do you pay interest on a commercial mortgage? Most commercial mortgages are paid at a variable rate. Typically, a rate will be quoted as X% over base or LIBOR, and this in residential terms would be called a tracker mortgage.
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No money down does not mean it won’t cost you!readmore.. Dave is a commercial mortgage broker and has been investing in real estate with his wife Julie for 8 years. Together they’ve built a multi-million dollar portfolio of residential properties. Read their entertaining stories of successes and scary.
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