Understanding Commercial Mortgages for Mississauga Property Buyers
Buying or refinancing a commercial property is a major financial step. Whether you’re planning to invest in an office building, retail space, industrial warehouse, or mixed-use property, understanding how commercial mortgages work can save you time, money, and unnecessary stress. Unlike residential loans, commercial financing follows different rules, evaluation methods, and risk factors. If you’re navigating the market in Mississauga, knowing what lenders expect and how deals are structured is essential for long-term success. What Is a Commercial Mortgage? A commercial mortgage is a loan secured against a property that is used for business or income-generating purposes. This includes properties such as shopping plazas, apartment buildings with multiple units, medical offices, and manufacturing facilities. The loan is typically repaid over a fixed term with either fixed or variable interest rates, depending on the structure of the agreement. In a market like Mississauga, where com...