Commercial Mortgage

A commercial mortgage is identical to a residential mortgage. The only difference is the type of property that is used as collateral. In case of a commercial mortgage, a business property (commercial asset) is the collateral for securing the loan. A commercial mortgage is taken for the purpose of business. Hence, the creditworthiness of the business taking the commercial mortgage will be assessed. Some reasons behind applying for a commercial mortgage can be to purchase a new office or property for the business, renovation of the existing property, or investing money in the business.

Are you looking at commercial finance to begin a business venture? Do you require capital to boost an already existing business? Are you planning to purchase a commercial property such as a warehouse or factory? A commercial mortgage is the solution that you need. Being a certified Mortgage Agent, RAMANJIT SINGH can help take care of your commercial mortgage requirements. Whether it is industrial or factory mortgage, farmland mortgage, or even office mortgage, we specialize in everything. We offer a wide array of commercial mortgage solutions depending on your requirements.

Why choose RAMANJIT SINGH for a commercial mortgage?

Being in the mortgage business for so many years, Ramanjit Singh has the experience and expertise in commercial mortgage.
Ramanjit Singh has a dedicated and professional team of commercial mortgage experts who understand your requirement first and then come up with a suitable solution.
A commercial mortgage lending specialist will be assigned to handle your mortgage needs.
Commercial mortgage services by Ramanjit Singh covers financing of different sizes of properties – large factories or small warehouses.
Ramanjit Singh ensures that you get maximum savings on your commercial mortgage by following a customized approach and negotiating with the lenders.
Ramanjit Singh makes the entire process of application and approval of commercial mortgage easy and seamless.
You get a competitive interest rate for your commercial mortgage from banks, trust companies, and private lenders.

Is a commercial mortgage more expensive than a residential mortgage?

A commercial mortgage is available at a higher interest rate compared to a residential mortgage. This is because of higher risks associated with a commercial property compared to a residential one. The interest rate may be higher by a percentage as small as 0.5 % or even more. The key factor that influences the interest rate is the property location. If the property is located in the main city, the interest rate will be lower. On the contrary, if the property is located on the outskirts in a remote area, the interest on mortgage will be higher.

What are the criteria for approval of a commercial mortgage?

For a commercial mortgage to be approved, a company needs to show that it is creditworthy in the long term. Lenders check the commercial credit rating of a company. It is also important for an individual applying for the loan to have a good credit score. The company’s balance sheet and financials must reflect that the business is safe, secure, and a profitable one.

What is the standard deposit for a commercial mortgage?

The down payment or standard deposit for a commercial mortgage is approximately between 20 – 25 percent. However, there are mortgage lenders who offer commercial mortgages for a lower down payment too.

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Refinancing Your Property

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Debt Consolidation

Renew Your Mortgage

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Commercial Mortgages

Second Mortgage

Small Businesses Loans

Home Equity Line of Credit

Renew Your Mortgage

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