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Commercial mortgages can be used for buying business real estate or commercial property. The money from such funding is also useful in purchasing property that can be used for commercial shopping centers and malls, industrial and office buildings, golf courses, hotels, restaurants, shops and other such real estate for businesses. There are different types of commercial mortgage loans available that can be used to fund construction of commercial buildings on property that you already own. Although interest rates for commercial mortgages are higher than those for residential mortgages, there are many who prefer such a loan to borrowing from others. Second mortgages which command a higher rate of interest are also available with most commercial property lenders.
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