Commercial Property 

A commercial property mortgage is secured by commercial property, such as an office building, shop, industrial warehouse or etc. The proceeds for a commercial mortgage are typically used to acquire, refinance, or redevelop the commercial property, which lender is best for your commercial purchase? It’s really difficult to answer as the selection of a lender and the product varies from case to case. Unlike home loans, the pricing is rarely set in stone and many of the terms can be negotiated. The specialized properties will require a detailed valuation and risk assessment from the bank and the borrowers are normally be required to have a sizable deposit to complete the purchase. With some types of commercial transactions, you can buy the leasehold, which is the right to occupy and run the business but not the freehold property itself. Where property can be used in several ways then the lender may request an alternative use valuation, which can work for you or against you depending on the transaction.