Commercial mortgages help business owners buy or refinance land or a building used for business. In most cases, commercial mortgages operate based on a fixed-rate loan. This means the interest rate will remain the same throughout the term of the mortgage, instead of changing as the years pass.
Taking out a commercial mortgage can give you the financial freedom to buy a new building, or release equity from an existing ownership. A commercial mortgage can also help you to extend, upgrade, or refinish the building. To capitalize on new opportunities, a commercial mortgage can help you purchase a new location.
By purchasing or refinancing your commercial property, you can take steps to improve your business, or utilize the building’s equity to pursue new opportunities!
Our commercial real estate loans have helped companies all over the country get back on course, not only by improving existing business, but also in expanding it! Restaurants, distributors, retail stores, contractors, doctors, trucking companies and automotive services represent just a few of the industries we’ve served. Depending on your financial situation, we may have a number of commercial mortgage financing options that fit your business!