Interest Only Commercial Mortgage
Interest Only Commercial Mortgages can provide you a great solution to reduce your monthly mortgage payments. Usually the interest rates are higher then the regular mortgages but since you are not paying any of the principal back the monthly payment often are lower then you would get with a regular commercial mortgage. This way you will be able to use the extra money for other uses, such as operating expenses or to grow your business. Here’s some examples:
Private mortgages for commercial properties can also give you the opportunity to get an interest only commercial mortgage with less strict requirements and sometime with no penalty for early mortgage renewal and for breaking your mortgage.
Example 1: a 6% Interest Only Mortgage
Example 2: a 4.5% Regular Mortgage
The above are just examples to show the difference in payments that you could have between a regular mortgage and a interest only mortgage.