If you are planning to start a new business and looking for a commercial place to start your business or expand your business to a new location commercial mortgage is the option you should explore. Commercial mortgage loans are similar to traditional mortgage loans; but instead of borrowing money to buy residential property, you secure any land or property for commercial purposes. Examples of commercial property are office buildings, industrial warehouses, apartment complexes, shopping centers, and commercial buildings or land zoned for commercial use.
You can also use commercial mortgage loans to develop existing or new commercial property. If you have an existing commercial property, you can also use the funds from the loan to extend your current premises, make modifications to the existing one, or completely build a new structure.