SPECIAL PURPOSE COMMERCIAL MORTGAGES.
Special Purpose Commercial Mortgages can be used to purchase or refinance commercial properties that have specific requirements for a buyer. Lenders usually require a much larger down payment for this type of property since a large capital may be required to convert the commercial special purpose property back to a more general use. However, if your company has been in business for a while you maybe able to negotiate a lower down payment by moving some of your business to the new lender. Give me us call or send an email with your questions about special purpose Commercial Mortgages and we will be happy to share some of our experience in regards to this kind of mortgages.