Just as commercial properties come in all shapes and sizes, so do commercial mortgages. Commercial mortgages, also known as business mortgages, let business owners secure finance to buy property, or land, for their business use. Typically to help them expand as they need more space.
Commercial mortgages are typically used by business owners who want to own the new premises where their business will be based. Investors can also use a commercial mortgage to buy a property to lease to another business, such as warehouses and light industrial units.
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