Commercial mortgage loans differ from residential mortgages as they are primarily used for multi-family buildings or properties, as opposed to a single family’s home. Although something such as an apartment building may be considered a place of residence, it still requires commercial mortgage financing. This can be used for various ventures, developments, investments and construction projects. This type of financing provides both fixed- and floating-rate loan programs that are suited to meet large and small balance necessities.
Taking out a commercial mortgage can grant the freedom needed to buy a new building or release equity from an existing ownership. It can also involve purchasing the premises of a business or an extension of the existing premises. National Business Capital’s commercial mortgages have been designed especially for individuals or companies who want to purchase or remortgage property. Most common commercial mortgages operate via the rules of a fixed-rate loan wherein the interest rate remains the same throughout the term of the mortgage. These often have a fixed period of 3-10 years.
National Business Capital has 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 our clients occupy.
Our commercial mortgage financing approval process is based on the big picture, not just your credit score. National Business Capital’s simple 2-minute application will help you achieve the right business line of credit. To fill out an application or for more information, please click here.
Do you still have questions about commercial mortgage financing? Please feel free to phone us at (877) 482-3008. Our seasoned business financing agents are standing by to help.