North Fork Commercial’s specialist has the expertise to aid you through the process of constructing a financing loan that meets your needs when it comes to purchasing, building and/or refinancing commercial, owner-occupied properties.
Benefits of Owner Occupied Commercial Real Estate
- Tax Advantages – Commercial owners have the benefit of depreciating the asset, deduct the interest rate on a commercial real estate loan and write off building related expenses.
- Appreciation – The value of the commercial property may appreciate over time, allowing you to build equity on your asset which can be leveraged later on.
- Income Stream – Consider renting a portion of your building out to another business to help pay down your mortgage and offset the cost of your commercial investing.
- Lower Financing Rates – Due to lower rates commercial purchases are more attractive than leasing. This is a big factor that mortgage interest rates are a large part of overall costs. A strong financial record and supporting business plan are among the few things needed when building a case for owner occupied commercial real estate.
Interested in learning more about financing owner-occupied commercial real estate and what advantages your business can gain? Contact North Fork Commercial today for more information.