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Commercial mortgage


A commercial mortgage is a loan given to a business to buy a commercial property.

Commercial mortgages are different from residential mortgages in a number of ways, including the following:

  • The loan-to-value ratio may be lower for a commercial mortgage, meaning less of the total value of the property is covered by the loan.
  • The interest rate on a commercial mortgage is higher than on a residential mortgage.

Commercial mortgages are usually amortized over a period of 20 years or more and repaid in regular instalments.

Related definitions

Find out more in our glossary

Useful resources

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8 purchase agreement terms you need to know before buying commercial real estate

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Buying a commercial building? Don't forget about due diligence

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