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Commercial Condominium

Buying a Commercial condo?

 

Our commercial condo mortgage work with business owners to find a loan that offers favorable and competitive terms. This allows businesses to take full advantage of the switch to ownership of a commercial condo. The only limits on how a commercial condo can be utilized are local zoning laws and the rules and regulations of the condominium owners association in charge of the building or complex.

Basics in Commercial Condos

 

Financing the purchase or refinancing of a commercial condo is accomplished through a loan secured by a mortgage, which is a lien on the property. Depending on a borrower’s preference, loans are available with payments amortized from three years to 30 years. If looking for a lower monthly payment, we offer balloon and amortized loans. 

Benefits a business can achieve by purchasing with mortgage financing include:

  • Low initial cash outlay for a down payment
  • Fixed monthly mortgage payments offer stability
  • Guaranteed long-term occupancy
  • Real estate ownership adds value to a business

 

Please contact the loans experts at Quintessential Mortgage Group today and see which of our options is best for you!

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