COMMERCIAL PROPERTIES FINANCING

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Commercial Loan in Dubai with Cozmo Mortgages

 

Need Commercial Mortgage Loan in UAE?

Developing and investing in a commercial business is an important agreement. Whether you are planning to buy business premises, secure a land development venture, develop an owner-occupied enterprise, or expanding buy to let portfolio, a commercial mortgage loan (Commercial Mortgage financing) can offer various financing options you aren’t aware of. If you want to buy any commercial property such as a shop, warehouse, office space, or other business units, let Cozmo Mortgages help to choose the best commercial property mortgage loan for you.

 

What is a Commercial Mortgage Loan for Businesses or Individuals?

Designed for individuals and companies looking to purchase or refinance commercial properties, commercial mortgage loans let you structure your business finance with more certainty. It works similarly to home mortgages if you are searching for commercial property mortgage loan services to meet your overall business goals.

Commercial mortgage loans are typically obtained by businesses or investors looking to acquire or develop income-generating properties. These loans are secured by the property itself, which means that if the borrower defaults on the loan, the lender has the right to seize and sell the property to recover their investment.

Do You Need a Commercial Property Mortgage Loan?

You may need or benefit from a commercial mortgage loan if you are:

  • A business owner or occupier who wants to purchase a property and use it to set up their own company.
  • A commercial property investor who wants to purchase the property and let it out for other business enterprises.
  • A residential property investor who wants to buy a property and rent it to tenants.
  • A business person with a diverse investment portfolio who wants to remortgage under one potentially cheaper mortgage.

 

UAE Banks That Offer Commercial Mortgages

  • Emirates NBD
  • Abu Dhabi Commercial Bank (ADCB)
  • Dubai Islamic Bank (DIB)
  • Mashreq Bank
  • First Abu Dhabi Bank (FAB)
  • Commercial Bank of Dubai (CBD)
  • RAKBANK (Ras Al Khaimah Bank)
  • Sharjah Islamic Bank

 

How Cozmo Mortgages Can Help You with Commercial Property Mortgage?

While it’s great to have a choice, the variety of commercial mortgage financing on the market means that choosing the right mortgage loan can be a confusing business. Ours is a team of highly experienced mortgage advisors, loan brokers and support staff who understand how to assess your cost factors and borrower attributes to determine the right commercial property mortgage loan. The marketplace of commercial lending and business loans is complex, but we are here to help you navigate the requirements and nitty-gritty details of commercial financing.

Every client has unique needs and not all commercial loans are created equal. There is a vast and varied choice of financing options available to buy a commercial property or expand your business, and the options best suited to your needs will depend on whether you are making the purchase as an investor or a business owner. That is why we follow a disciplined and transparent approach to understand your financing requirements and create tailored portfolio solutions. Our qualified commercial mortgage loan advisors can guide you through various options available to find the right financing plan that supports your investment and business needs.

Apply for Commercial Mortgage Financing

Applying for a commercial mortgage financing requires more time, effort, and paper works than a residential mortgage. With our dedicated team of experts at Cozmo Mortgages, your search for the right commercial mortgage lender can be easy. Our in-depth knowledge of the mortgage industry, combined with strong relations with lenders, helps us find and deliver tailored mortgage solutions that suit your needs. Our advisors will work closely with you each step of the way and get you approved for a commercial property mortgage loan with the best interest rates and terms.

We ensure to follow an open and honest communication strategy so that you will be informed of each development as and when it happens. Our experienced advisors know how to package your business and present it in the best possible light before commercial mortgage lenders for quick and hassle-free approvals. Whether it is about scouring the market to compare different deals and weighing up the nuances of all available offers or taking care of the mortgage application, we pay keen attention to details to avoid the possibility of last-minute hitches and delays.

Whether you are a property developer, business owner, investor, or buy-to-let landlord, a wide variety of commercial mortgage financing is available to fund your purchase. Acting as a liaison between our clients and lenders, we take pride in finding innovative and unique solutions quickly.

Get in touch with our team for a free consultation today!

Frequently Asked Questions

What is a commercial property mortgage loan?

A commercial property mortgage loan is a type of mortgage loan that is used to buy or refinance commercial real estate properties such as office buildings, retail spaces, warehouses, or industrial facilities.

What types of commercial properties are eligible for commercial loan?

Most of the commercial properties are eligible, including office buildings, retail centers, industrial facilities, multifamily residential structures, hotels, and more.

Is there option to refinance a commercial mortgage loan?

Yes, It is possible to refinance a commercial loan. You can take advantage of lower interest rates, extend loan terms and access equity in the property by refinancing a commercial mortgage loan.

What is minimum or maximum loan amount and tenor permitted per individual?

You can borrow up to AED 10 million for a maximum period of 15 years.

What factors can affect the interest rate on a commercial mortgage loan?

Interest rates for commercial mortgage loans are impacted by market conditions, the borrower’s creditworthiness, the property’s location and condition, loan-to-value ratio, and loan length.

What documents are required to get commercial mortgage loan?

The documents required for a commercial mortgage are an application form, a passport copy, and a valid visa. Including six months of bank statements, a liability letter from the bank, the memorandum and articles of association, audited financial statements for the last two years, a board resolution copy, a copy of the trade license, a copy of the chamber of commerce registration, business profile on the firm letterhead, photocopy of the purchase contract, and down payments.

How much time it takes to approve my commercial properties mortgage?

While the approval process is different for each lender, the time between applying and closing is usually between a few weeks and a few months. The length of time depends on how complicated the deal is, how much due diligence is needed, and how responsive all sides are.