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Applied Technology Biology and Allied Health Business Chemistry Computing Education, Psychology, and Counseling Engineering and Physics English Health and Kinesiology: Choose a sector that aligns with your business goals, such as retail, office, industrial, or multi-family assets.
Before looking at listings, clarify exactly what your business requires to operate effectively. how to buy business property
: Most commercial mortgages range from 15 to 25 years with interest rates typically between 4% and 8%. : Choose a sector that aligns with your
Commercial mortgages are the most common route, though they typically have stricter requirements than residential loans. such as retail
: Lenders often look for credit scores above 680, at least two years of business financial statements, and a Debt Service Coverage Ratio (DSCR) of 1.25 or higher.
: Evaluate visibility, foot traffic, and proximity to transportation hubs. 2. Secure Financing Early