Owner Occupied Commercial Mortgage
WHAT IS A OWNER OCCUPIED COMMERCIAL MORTGAGE?
An Owner-Occupied Commercial Mortgage is a loan for business owners to buy or refinance property used primarily for business operations. Ideal for small to medium-sized businesses, it allows owners to invest in their premises, whether offices, shops, or industrial units.
The loan is secured against the property, with terms based on the business’s financial health and the owner’s credit history. These mortgages often offer more favourable rates and terms than traditional commercial loans, as the owner’s engagement in the property typically indicates a lower risk.
Key Benefits
PROPERTY ELIGIBILITY
Mixed-use properties qualified
Residential and commercial components
Location and condition considered
Compliance with zoning regulations
LOAN CHARACTERISTICS
Higher deposit requirements
Blended interest rates
Varied loan terms available
Secured against property
BORROWER CRITERIA
Strong credit history needed
Solid financial background is important
A business plan may be required
Experience in property management valued
GET IN TOUCH
WHY CHOOSE CLEVER COMMERCIAL?
Experienced. Trustworthy. Tailored.
For three decades, Clever Commercial has been a leader in bespoke property finance. Competitive rates, flexible criteria, and top-tier service set us apart. Build your future with us.
Clients trust us because we believe in them. Our dedication to their goals makes us an essential part of their journey.
FREQUENTLY ASKED QUESTIONS
What is an Owner-Occupied Commercial Mortgage?
It’s a loan for business owners to purchase or refinance a property primarily used for business activities, like offices or retail spaces. It allows owners to invest in their business premises.
How does an Owner-Occupied Mortgage differ from other commercial mortgages?
These mortgages are specifically for business owners using the property for their operations, often offering better terms and rates due to the lower risk compared to investment properties.
What criteria do lenders look at for approval?
Lenders evaluate the business’s financial health, profitability, the owner’s credit history, and the property’s value. A strong business plan can also be a crucial factor.
Can startups or new businesses qualify for this mortgage?
Yes, but they may face stricter scrutiny. Lenders will likely require a solid business plan, proof of industry experience, and possibly a larger down payment due to the perceived higher risk.
OUR CLIENTS THOUGHTS
RECENT TESTIMONIALS
Marc worked over many months to help me find the right financial product to suit my complicated refinancing project. Having identified the right product, Marc then worked for many more months to help me get the financing completed. I had so many issues that I had to face and at every obstacle Marc was on hand to help me to resolve it, and very often took it upon himself to do it for me. Marc went for beyond just brokering a good deal for me, he was my partner in making this happen. I could not have done this without his support. Thank you Marc for being so calm and patient and having faith when I had lost mine!
I. Knight
Marc has provided our company with excellent service and advice. He has vast experience and knowledge, and is able to advice on the most suitable lenders given our requirements.
Especially during the legal stage of the lending process, he facilitates and communicates with lenders in a way we would not be able to ourselves.
We would certainly not be where we are without his services. Highly recommended.
M. Dunn
The service provided for my bridging loan was second to none. The support I received was very professional and generous.
I would highly recommend Clever Commercial to everyone and anyone who needs a professional, caring and competitive rate for it’s loan or any kind of finance.
D. Dezfull
Marc has provided our company with excellent service and advice. He has vast experience and knowledge, and is able to advice on the most suitable lenders given our requirements. Especially during the legal stage of the lending process, he facilitates and communicates with lenders in a way we would not be able to ourselves. We would certainly not be where we are without his services. Highly recommended.
P. Strøm