Commercial Mortgage

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Sam
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Joined: 21 May 2005

Posts: 281
Location: CALIFORNIA
117.49 Dollars($)
PostPosted: Wed Mar 02, 2005 2:54 am    Post subject: Commercial Mortgage

A commercial mortgage is a loan taken against any collateral other than a residential property. The process of obtaining a commercial mortgage is the same as that of an ordinary mortgage.

The collateral in this case can be any one of the following:
  • Non-residential property

  • Non-farm property

  • Business site

  • Factory

  • Business equipment

  • Inventory

  • Heavy machinery

  • Shops, etc.
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