A commercial property loan offers long-term finance in the form of flexible loans for the purchase of commercial or industrial premises, or residential properties classified as commercial and used for business purposes. For property developers a commercial property loan offers building loans for the construction of commercial or industrial buildings. A commercial property loan also caters for further advances to existing borrowers for extensions and improvements to their commercial or industrial properties. Properties that can be financed through a commercial property loan are Shops, offices or blocks of flats Warehouses, showrooms, factories or similar industrial premises Sectional title complexes (zoned for business purposes) including individual units in these complexes Existing residential properties which are primarily used for business purposes and which have business rights or consent use
Posted on: Mon, 07 Jul 2014 10:10:36 +0000
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