Another key benefit of commercial refinance is that it can allow businesses to access the equity in their property without having to sell the property. This can be especially helpful for businesses that are looking to hold onto their property for the long term, as it allows them to access the equity in the property without having to go through the time and expense of selling the property.
One potential drawback of commercial refinance is that it can be more expensive than traditional mortgage refinance. This is because commercial refinance is considered to be riskier by lenders, due to the unique nature of the commercial property market. As a result, commercial refinance may come with higher interest rates and other costs than traditional mortgage refinance.
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