8th Jan 2008 - 00:00
Abstract
This is the first in a series of articles designed to help readers better understand where to obtain commercial finance, the process of getting a commercial mortgage, and how to raise funds in the shortest time, and most cost effective manner.
The advantages of signing a commercial mortgage with a High Street lender are: Marginally lower interest rates Shorter-term redemption penalties The disadvantages are: Takes longer to process the application Much information has to be provided Possible 2nd charges over other assets Many applications will not succeed
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