The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property. Commercial mortgages are structured to meet the needs of the borrower and the lender.
Various interest rate types are available for financing commercial mortgages. These rate types are:
– Variable interest rates allow you the greatest repayment flexibility. Pay off your principal balance whenever you want without any prepayment penalty.
– Choosing a fixed interest rate allows you to reap the benefits of predictable payments with a non-changeable interest rate over the duration of your mortgage term.
One of our consultants can help you find the mortgage term that is best suited to your financial goals, help you assess your financing strategies, and ensure you have access to ideal financing solutions.