What are Commercial Mortgage?
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.
Is it Hard To Get a Commercial Mortgage?
It can vary greatly depending on factors such as the type and location of the property being purchased, the creditworthiness of the borrower, and the overall economic climate. However, it is generally considered to be more difficult to obtain a commercial mortgage than a residential mortgage.
Contact Cindy Janisch – mortgage broker in Edmonton for information on Commercial lenders, products and terms of qualification.
