An investment property is a property you acquire with the intention to earn income or realise returns from it. Acquiring an investment property is a big step for anyone who is looking to grow their assets and net worth. This endeavour often requires a lot of money too fulfil. Hence, you might need financial assistance to acquire the property.
As the name suggests, commercial loans are suited for business investments rather than for personal purposes. While commercial loans are usually granted for investment properties such as office complexes and apartment buildings, a residential property can also be granted with a commercial loan if it has more than 10 units. The number of minimum units differs from one financial lender to another. So, you have to do your due diligence before applying for a commercial loan.
When you’re applying for a commercial loan, lenders look at the income you’re