Acquiring a commercial mortgage has some distinct advantages.
One of the most important benefits of going with a commercial mortgage is that you retain total ownership over your business. Instead of selling an interest or raising funds you maintain complete control. Your success is entirely your own to keep. You've worked hard to get your business in a situation where a commercial mortgage makes sense for you. Don't risk the future of your company by selling interest, especially when commercial loans help you maintain that control.
Additionally, when you own your own property or building you gain the advantages of appreciation on that property. Much like a traditional residential mortgage your initial investment could see positive gains on return. The money received from the appreciation of your property can be used for further expansion, research and development, advertising or in any other way that you as the business owner sees fit. This advantage alone makes commercial property investment worth it. Our commercial lending specialists can help craft a plan for you that shows which properties are best for your companies situation. Together you can find the right solution to grow your business.
Another great advantage of owning your own business property is improved cash flow. With a minimal up-front payment you can design a repayment schedule that fits your needs perfectly. This flexibility allows you to keep your money longer allowing you to spend it where you see fit. Your repayment schedule will be determined by the kind of property as well as the needs of your company. We can help you determine the repayment schedule that works best for your situation.
When owning your own commercial property you’ll also be the beneficiary of tax breaks. Interest paid on your commercial mortgage is tax deductible as well as any maintanence or repairs that you make to the property.
Not only can you write-off interest paid on your property you can also claim a depreciation deduction. This unique concept allows business owners to deduct the amount your property has depreciated by in the last year. Depending on your property your depreciation deduction can sometimes range in the tens of thousands of dollars. This advantage to commercial properties can save you money over time.