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Types Of Commercial Mortgage. If you’re looking to buy a business property, chances are you’re going to need a commercial mortgage to complete the purchase. Commercial mortgages can also be used to raise money against a property that is already owned, to purchase an unusual property, or to convert an existing property into a commercial unit.
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For 2019, the average commercial real estate loan interest rate ranges from approximately 4% to 5%. Find out more about what the average commercial real estate loan rates are for different types of loans and projects.
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