If you want to take out a mortgage on a commercial property, keep in mind that all banks and financial institutions have a higher interest rate than ordinary residential mortgages. They estimate that the risk of a business is higher than the risk of non-business loans. Your own financial contributions, such as collateral from a private home, annual data, forecasts, rental income and partner income, among other things, can benefit your negotiating position and monthly interest on the offer.
Commercial mortgages cannot be repaid in the form of savings mortgages. The bank demands repayment via a linear mortgage. For entrepreneurs, this means that the monthly costs will soon exceed 1000 euros per month in the first few years.
