Commercial Construction Financing: The Definitive Guide
You have reached the point where it is time to grow your business. Perhaps you are renting your office space and have decided that it is time to build your office building. Perhaps you have expanded your property and want to expand your existing space. Your scenario may be completely different. You are a fresh start and you want to build your property from scratch. What does Commercial Financing mean? If you are in the business world, you have probably heard the word " Commercial Financing " once or twice. While common in this industry, it can create uncertainty for some business owners as they are unaware of the available options. What does Commercial Construction Financing mean? Commercial financing is a type of short-term bank financing created specifically to finance a new home or other real estate projects. A traditional mortgage, also known as perpetual financing, will help you buy an existing home. However, if you need to build a new home from scratch, home finan...