{"id":16759,"date":"2022-02-08T20:21:05","date_gmt":"2022-02-08T20:21:05","guid":{"rendered":"https:\/\/swoopfunding.com\/za\/?page_id=16759"},"modified":"2024-11-18T09:10:05","modified_gmt":"2024-11-18T09:10:05","slug":"commercial-mortgage","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/za\/commercial-mortgages\/","title":{"rendered":"Commercial mortgages &amp; property finance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"16759\" class=\"elementor elementor-16759\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6cd3b49 e-flex e-con-boxed e-con e-parent\" data-id=\"6cd3b49\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-c7d7e30 e-con-full e-flex e-con e-child\" data-id=\"c7d7e30\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-6958118 e-con-full e-flex e-con e-child\" data-id=\"6958118\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6c964d8 elementor-widget elementor-widget-heading\" data-id=\"6c964d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Commercial mortgages explained<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cddad39 elementor-widget elementor-widget-text-editor\" data-id=\"cddad39\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You\u2019re looking to purchase real estate for commercial use \u2013 let us help you access a range of options.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60cc518 elementor-widget elementor-widget-shortcode\" data-id=\"60cc518\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n\n<div class=\"form-mortgage-widget\">\n <div class=\"form-mortgage-container\">\n\n <form id=\"formMortgage\" action=\"\/\" method=\"POST\">\n\n <input type=\"hidden\" name=\"oid\" value=\"00D4J000000D0BK\" \/>\n <input type=\"hidden\" id=\"firstname\" maxlength=\"40\" name=\"firstname\" size=\"20\" \/>\n <input type=\"hidden\" id=\"lastname\" maxlength=\"80\" name=\"lastname\" size=\"20\" \/>\n <input type=\"hidden\" name=\"00N8e000000m1Yo\" id=\"00N8e000000m1Yo\"> \n <input type=\"hidden\" name=\"robots\" id=\"robots\">\n <input type='text' name='source_marketing_website' id='source_marketing_website' value='ZA'>\n <div class=\"main-state\">\n <div class=\"row\">\n <div class=\"col-xl-12 col-lg-12 col-md-12\">\n\n <div class=\"reset-mobile\">\n <div class=\"row\">\n <div class=\"col-md-12 col-12\">\n\n <div class=\"input-line\">\n <label for=\"funding_purpose\">What do you require the funds for?<\/label>\n <select name=\"funding_purpose\" id=\"funding_purpose\" class=\"form-inputs-mortgage\">\n <option selected value=\"0\">Select<\/option>\n <option value=\"Commercial Mortgage\">Commercial Mortgage<\/option>\n <option value=\"Buy To Let\">Buy To Let<\/option>\n <option value=\"Property Development\">Property Development<\/option>\n <option value=\"Bridging Loan\">Bridging Loan<\/option>\n <\/select>\n <\/div>\n\n <\/div>\n\n <div class=\"col-md-12 col-12\">\n\n <div class=\"input-line\">\n <label>How much would you like to borrow?<\/label>\n <div class=\"group-inputs\">\n <div class=\"circle-currency\">\n <span class=\"icon-r\">R<\/span> <\/div>\n <div class=\"input-form-mortgage\">\n <input type=\"text\" class=\"form-inputs-mortgage mask-money\" name=\"amount_of_funding_required\" id=\"amount_of_funding_required\">\n <\/div>\n <\/div>\n <\/div>\n \n <\/div>\n\n <div class=\"col-md-12 col-12\">\n\n <div class=\"input-line\">\n <label>What is the approximate value of the property?<\/label>\n <div class=\"group-inputs\">\n <div class=\"circle-currency\">\n <span class=\"icon-r\">R<\/span> <\/div>\n <div class=\"input-form-mortgage\">\n <input type=\"text\" class=\"form-inputs-mortgage mask-money\" name=\"what_is_the_approximate_value_of_the_property\" id=\"what_is_the_approximate_value_of_the_property\">\n <\/div>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n <\/div>\n\n <input type=\"submit\" id=\"commercial-mortgage\" class=\"btn btn-lg btn-gradient disabled\" value=\"Get Started\">\n\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"mortgage-enabled d-none\">\n <p><strong>Great news!<\/strong> We have a number of matches for your requirements, please provide contact details:<\/p>\n\n <div class=\"row\">\n <div class=\"col-md-12 col-12\">\n <div class=\"group-inputs input-line reset-first\">\n <div class=\"input-form-mortgage\">\n <input type=\"text\" class=\"form-inputs-data-mortgage\" name=\"name\" id=\"name\" placeholder=\"Name\">\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"col-md-12 col-12\">\n <div class=\"group-inputs input-line\">\n <div class=\"input-form-mortgage\">\n <input type=\"text\" class=\"form-inputs-data-mortgage\" name=\"company\" id=\"company\" placeholder=\"Business name\">\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"col-md-12 col-12\">\n <div class=\"group-inputs input-line\">\n <div class=\"input-form-mortgage\">\n <input type=\"email\" class=\"form-inputs-data-mortgage\" name=\"email\" id=\"email\" placeholder=\"Email\">\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"col-md-12 col-12\">\n <div class=\"group-inputs input-line\">\n <div class=\"input-form-mortgage\">\n <input type=\"text\" class=\"form-inputs-data-mortgage\" name=\"phone\" id=\"phone\" placeholder=\"Phone number\">\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"col-md-12 col-12\">\n \n\n<div id=\"v_385035562\">\n <div class=\"form-group margin-mobile\">\n <div class=\"form-check\">\n <input class=\"form-check-input form-inputs\" type=\"checkbox\" name=\"marketingconsentaccepted\" id=\"marketingconsentaccepted\">\n <label class=\"form-check-label small-label\" for=\"marketingconsentaccepted\">\n Send me updates on products, news and information on selected partners. <\/label>\n <\/div>\n\n <div class=\"form-check\">\n <input class=\"form-check-input form-inputs\" type=\"checkbox\" name=\"privacypolicyaccepted\" id=\"privacypolicyaccepted\" required>\n <label class=\"form-check-label small-label\" for=\"privacypolicyaccepted\">\n By submitting this form, you consent to receive application\u2011related messages from Swoop Funding via SMS or WhatsApp at the number provided. Consent is not a condition of purchase. Message & data rates may apply. Message frequency varies. Unsubscribe by replying STOP. Reply HELP for help. Phone numbers aren't shared with third parties. <a href=\"https:\/\/swoopfunding.com\/za\/privacy-policy\/\" target=\"_blank\">Privacy policy<\/a> & <a href=\"https:\/\/swoopfunding.com\/za\/terms-and-conditions\/\" target=\"_blank\">Terms of use<\/a>.\n <\/label>\n <div class=\"check-valid\"><\/div>\n <\/div>\n <\/div>\n<\/div>\n\n<script>\n    var version = 'v_385035562';\n\n    document.querySelectorAll('#' + version + ' .form-check-label').forEach(function(label) {\n        label.addEventListener('click', function(event) {\n            event.preventDefault();\n            var checkbox = label.previousElementSibling;\n            if (checkbox && checkbox.type === 'checkbox') {\n                checkbox.click();\n            }\n        });\n    });\n<\/script>\n <\/div>\n\n <div class=\"col-md-12 col-12\">\n <button id=\"send-commercial-mortgage\" type=\"submit\" class=\"btn btn-lg btn-gradient disabled\" disabled>Register your business here<\/button>\n <\/div>\n <\/div>\n <\/div>\n\n <\/form>\n\n <div class=\"data-sent d-none\">\n <div class=\"out-data-sent\">\n <i class=\"icon material-icons\">check_circle<\/i>\n <p class=\"subtitle-success\">Your details have been sent and we\u2019ll get back to you shortly.<\/p>\n\n <\/div>\n <\/div>\n\n <div class=\"mortgage-disabled d-none\">\n <div class=\"out-data-disabled\">\n <p>Please register your business with Swoop to explore alternative options for your property finance requirements.<\/p>\n <a href=\"https:\/\/southafrica.swoopfunding.com\/stage\/\" target=\"_blank\" class=\"btn btn-lg btn-gradient\" rel=\"noopener\">Register your business<\/a>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc616cc elementor-widget elementor-widget-text-editor\" data-id=\"cc616cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Swoop is a credit broker and does not provide capital. We work with a range of companies to offer clear comparisons that allow customers to make choices on financial products &amp; services. Swoop may receive a commission, which may vary by product but typically in the form of a fixed percentage of the loan amount.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-da98a8e e-con-full elementor-hidden-tablet elementor-hidden-mobile e-flex e-con e-child\" data-id=\"da98a8e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-77ab38c elementor-widget elementor-widget-image\" data-id=\"77ab38c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"457\" height=\"601\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2024\/08\/mortgage-ca.png\" class=\"attachment-large size-large wp-image-42518\" alt=\"\" srcset=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2024\/08\/mortgage-ca.png 457w, https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2024\/08\/mortgage-ca-228x300.png 228w, https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2024\/08\/mortgage-ca-15x20.png 15w, https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2024\/08\/mortgage-ca-61x80.png 61w\" sizes=\"auto, (max-width: 457px) 100vw, 457px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5f0ff29 e-flex e-con-boxed e-con e-parent\" data-id=\"5f0ff29\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-09077f4 elementor-widget elementor-widget-spacer\" data-id=\"09077f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dbd8dc question elementor-widget elementor-widget-heading\" data-id=\"4dbd8dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is a commercial mortgage?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59843e9 answer elementor-widget elementor-widget-text-editor\" data-id=\"59843e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A commercial mortgage is a form of mortgage offered to business owners who want to purchase commercial real estate, such as an office, retail space or factory. They work in a similar way to residential mortgages in that you borrow money that is secured against the property itself, offering an ideal solution if you are looking to expand your business or investment property portfolio.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ec6e25 question elementor-widget elementor-widget-heading\" data-id=\"3ec6e25\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How much of a down payment will I need?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64f37e0 answer elementor-widget elementor-widget-text-editor\" data-id=\"64f37e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The <a href=\"https:\/\/swoopfunding.com\/za\/business-glossary\/down-payment\/\">down payment<\/a> required for a commercial mortgage depends on many variables, but usually falls between 20% and 50% of the cost of the property. The portion of the purchase price that you borrow is referred to as the loan-to-value (LTV) ratio. For example, if you are providing 30% of the purchase price and borrowing the rest, you will have a LTV of 70%.<\/p><p>Here are some of the factors that will influence your maximum LTV as well as other aspects of your mortgage, such as the loan term and interest rate:<\/p><ul><li><strong>Cash flow.<\/strong>\u00a0One of the main things lenders will consider is the ratio of the cash flow your business has coming in versus the amount that will be required to cover the mortgage payments.<\/li><\/ul><ul><li><strong>Credit rating.<\/strong>\u00a0Most lenders will look at both your personal <a href=\"https:\/\/swoopfunding.com\/za\/business-glossary\/credit-rating\/\">credit rating<\/a> as well as the creditworthiness of your business.<\/li><\/ul><ul><li><strong>Business.\u00a0<\/strong>The type of business you run, the length of time you\u2019ve been in business and the growth rate of the business will all influence a lender\u2019s decision.<\/li><\/ul><ul><li><strong>Property.\u00a0<\/strong>The type of property you wisn to finance can have a significant impact on the down payment required. For example, a storefront with upstairs apartments in a busy part of the city may require a much lower down payment than farmland in a rural area.<\/li><\/ul><p>The down payment and other terms and conditions of your commercial mortgage are often negotiable, and there are many variables to take into account. For example, you may even be able to qualify for a commercial mortgage with a 100% loan-to-value (LTV) ratio, meaning zero down payment, if you are able to provide sufficient additional security, such as assets or other properties.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b7a80a question elementor-widget elementor-widget-heading\" data-id=\"0b7a80a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Commercial mortgage interest rates<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7dce11 answer elementor-widget elementor-widget-text-editor\" data-id=\"e7dce11\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Commercial mortgage <a href=\"https:\/\/swoopfunding.com\/za\/business-glossary\/interest-rate\/\">interest rates<\/a> are generally higher than residential rates. They can vary from just a couple of percentage points higher to much higher than that \u2013 it really comes down to the amount of risk the lenders sees in your specific business and property.<\/p><p>If you take out a commercial mortgage at a high interest rate today, it may be possible to find better refinancing rates down the road as market conditions change or your creditworthiness improves.<\/p><p>There may also be flexibility in how you structure your commercial mortgage, as you may generally choose terms of 5, 15, 20 and 30 years, and amortize your payments over periods just as long or even longer. Ideally, you will find a combination of interest rate, loan term and <a href=\"https:\/\/swoopfunding.com\/za\/business-glossary\/amortisation\/\">amortization<\/a> period that makes your monthly payments manageable.<\/p><p>If you\u2019re looking for assistance,\u00a0<u><a href=\"https:\/\/southafrica.swoopfunding.com\/stage?_gl=1*41wq1m*_gcl_au*MTMzMjYwMzIxNC4xNzIwMTM3MTA3\" target=\"_blank\" rel=\"noopener\">Join Swoop<\/a><\/u>\u00a0to speak to an expert.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c891644 question elementor-widget elementor-widget-heading\" data-id=\"c891644\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Commercial mortgage calculator<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-790b16a answer elementor-widget elementor-widget-text-editor\" data-id=\"790b16a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"has-text-align-left\">Use our easy commercial mortgage calculator to understand your monthly repayments, the total mortgage amount and how much you interest you will pay throughout the term of your loan.<\/p><p class=\"has-text-align-left\">Simply add the loan amount, the interest rate, the arrangement fee, and the term of the loan and away you go!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce0fb2f elementor-widget elementor-widget-ucaddon_mortgage_repayment_calculator\" data-id=\"ce0fb2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_mortgage_repayment_calculator.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n \n \n <div id=\"commercial-mortgage-calculator\" class=\"new-mortgage-repayment-calculator form-calculator\" >\n <div class=\"left_column\">\n <h4>Provide us with your details below and one of our team of finance professionals will contact you to discuss your requirements<\/h4>\n\n <div class=\"form-group\">\n <label for=\"mortgagerequestedMortgageAmount\">Loan amount<\/label>\n\n <div class=\"input-group mb-3\">\n <div class=\"input-group-prepend\">\n <span class=\"input-group-text\">R<\/span>\n <\/div>\n <input id=\"mortgagerequestedMortgageAmount\" type=\"text\" class=\"form-control mask-money\" aria-label=\"Loan amount\" value=\"10000\" inputmode=\"numeric\">\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <div class=\"label_and_numbers\">\n <label for=\"mortgagerequestedInterestRate\">Interest rate is<\/label>\n <div class=\"tag-number\">\n <span id=\"mortgagedisplayInterestRate\" class=\"value-tag\">-<\/span>%\n <\/div>\n <\/div>\n <div class=\"input-group mb-3\">\n <input type=\"range\" min=\"2.5\" max=\"12\" value=\"3.5\" class=\"slider\" id=\"mortgagerequestedInterestRate\" step=\".1\">\n <\/div>\n <\/div>\n\n <div class=\"form-group\">\n <div class=\"label_and_numbers\">\n <label for=\"mortgagerequestedTerm\">Repayment term<\/label>\n <div class=\"tag-number\">\n <span id=\"mortgagedisplayTerm\" class=\"value-tag\">4<\/span> years <\/div>\n <\/div>\n <div class=\"input-group mb-3\">\n <input type=\"range\" min=\"1\" max=\"30\" value=\"20\" class=\"slider\" id=\"mortgagerequestedTerm\" step=\"1\">\n <\/div>\n <\/div>\n\n <p class=\"note-calculator\">This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.<\/p>\n\n <\/div>\n <div class=\"right_column\">\n <p class=\"title\">Your results<\/p>\n <div class=\"show-number\">\n <p class=\"title-result\">Monthly capital & interest repayment amount<\/p>\n <p class=\"number-result\">R<span id=\"mortgagedisplayMonthlyRepayment\">-<\/span><\/p>\n <\/div>\n <div class=\"show-number\">\n <p class=\"title-result\">Interest only repayment amount<\/p>\n <p class=\"number-result\">R<span id=\"mortgagedisplayMonthlyInterestRepayment\">-<\/span><\/p>\n <\/div>\n <div class=\"show-number\">\n <p class=\"title-result\">Total amount payable<\/p>\n <p class=\"number-result\">R<span id=\"mortgagedisplayTotalRepayable\">-<\/span><\/p>\n <\/div>\n <div class=\"show-number\">\n <p class=\"title-result\">Total interest charged<\/p>\n <p class=\"number-result\">R<span id=\"mortgagedisplayTotalInterest\">-<\/span><\/p>\n <\/div>\n\n \n \n <a href=\"https:\/\/southafrica.swoopfunding.com\/stage\/\" class=\"btn btn-lg btn-dark btn-block\" target=\"_blank\">Borrow R<span id=\"resultCTA\"><\/span><\/a>\n \n \n <\/div>\n <\/div>\n\n\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76822d8 question elementor-widget elementor-widget-heading\" data-id=\"76822d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Residential vs. commercial mortgages \u2013 what\u2019s the difference?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b1b05e answer elementor-widget elementor-widget-text-editor\" data-id=\"4b1b05e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you already have a residential mortgage, you might assume that acquiring a commercial mortgage will follow the same process. Although there are many similarities, there may also be a number of differences, including:<\/p><ul><li>The income of your business is going to be more important than your personal income. Lenders will generally want to see that your commercial enterprise will be able to cover the loan payments. Having said that, they will still likely review the big picture, including any personal income or liquid assets that could potentially provide additional security if they were to offer you a loan.<\/li><\/ul><ul><li>There might be more <a href=\"https:\/\/swoopfunding.com\/za\/business-glossary\/due-dilligence\/\">due diligence<\/a> about the property itself. Whereas many residential properties, particularly in dense urban settings, have many comparable properties that help the lender understand property values, commercial properties can be more dynamic. The lender may need to conduct more research into the property\u2019s age, condition, location, purpose and suitability for your business.<\/li><\/ul><ul><li>The terms and conditions of a commercial mortgage will be different from residential mortgages. For example, generally speaking, a commercial mortgage will come with a higher down payment, a higher interest rate and a shorter term. You may also find that there are higher application fees and higher prepayment penalties. Finally, it is likely that the application for a commercial mortgage will take more time to complete.<\/li><\/ul><p>You might be wondering how a mixed-use property would be treated \u2013 such as a retail storefront with apartments upstairs where you could potentially live. In general, you should expect the mortgage process to be like that of any other commercial property because lenders consider the overall complexity and risk profile to be similar.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21ed6c3 question elementor-widget elementor-widget-heading\" data-id=\"21ed6c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Commercial second mortgages<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4c59c64 answer elementor-widget elementor-widget-text-editor\" data-id=\"4c59c64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A commercial second mortgage can be a good way to access the equity within a commercial property.<\/p><p>For example, imagine a business has owned a commercial building for several years and has paid off a considerable portion of their first commercial mortgage. Imagine also that the building has appreciated in value since it was originally purchased. There is now a considerable amount of equity in the property.<\/p><p>Now say the business needs an injection of cash in order to finance its growth. One option would be to apply for a commercial second mortgage where a lender agrees to loan the business some portion of the available equity in the building. In exchange, the second mortgage holder will have a claim against the property if the business fails to make the mortgage payments. Note, however, that this lender will be second in line behind the first mortgage holder in the event of a default.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb4e4b2 question elementor-widget elementor-widget-heading\" data-id=\"fb4e4b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How do I get a commercial mortgage?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-652767a answer elementor-widget elementor-widget-text-editor\" data-id=\"652767a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Applying for a commercial mortgage is a little more work than applying for a residential mortgage.<\/p><p>The first requirement is to have a profitable business. Lenders will want to see that your business has enough excess monthly cash flow to cover the mortgage payment. If you can show a proven track record of paying a comparable amount of rent, you may be well on your way to qualifying for a commercial mortgage and becoming a new property owner.<\/p><p>Another requirement is to have a good property in mind. Lenders will review the property itself \u2013 including its age, condition and resale potential \u2013 as well as its suitability for your business. Keep in mind that commercial properties can come with lots of extra bills such as higher property tax, utility and maintenance costs, plus the cost of the move itself.<\/p><p>Before you actually bid on a property, it\u2019s wise to have your financial statements, business plan and details of the property ready to share with the lender. They might set out specific conditions for the financing, such as obtaining environmental and building condition assessments, an appraisal and a title search. Although you might be ready to close on a new building in 30 days, be prepared for the financing process to take longer than that.<\/p><p>Interested in getting started?\u00a0<u><a href=\"https:\/\/southafrica.swoopfunding.com\/stage?_gl=1*41wq1m*_gcl_au*MTMzMjYwMzIxNC4xNzIwMTM3MTA3\" target=\"_blank\" rel=\"noopener\">Join Swoop<\/a><\/u>\u00a0to start seeing the best commercial mortgage options in minutes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-22f7df1 e-flex e-con-boxed e-con e-parent\" data-id=\"22f7df1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c92ffc2 elementor-widget elementor-widget-heading\" data-id=\"c92ffc2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently asked questions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f374523 align-at-right uael-faq-box-layout-yes elementor-widget elementor-widget-uael-faq\" data-id=\"f374523\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"uael-faq.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<div id='uael-faq-wrapper-255' class=\"uael-faq-wrapper\">\n\t\t\t\t<div class=\"uael-faq-container uael-faq-layout-accordion\" data-layout=\"accordion\" >\n\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-18d6be0\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-18d6be0 uael-question-span\" tabindex=\"0\" id=\"uael-faq-1-69d1843ac4cd9\">Can I get a residential mortgage on a commercial property?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>Not exactly. If you already own a residential property, you could potentially take out a home equity line of credit or residential mortgage and use the proceeds to purchase a commercial property. But if you are purchasing a commercial property and pledging it as security to a lender, you will generally need to go through a commercial mortgage lending process.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-4932204\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-4932204 uael-question-span\" tabindex=\"0\" id=\"uael-faq-2-69d1843ac4d3f\">How long is a typical commercial mortgage?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>Term lengths can vary and generally include 5, 15, 20, 25 and 30 year commercial mortgages.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-8d99b17\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-8d99b17 uael-question-span\" tabindex=\"0\" id=\"uael-faq-3-69d1843ac4d79\">100% LTV commercial mortgages \u2013 do they exist?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>100% LTV commercial mortgages exist, but they are rare. In general, 80% LTV is the maximum for commercial mortgages. Having said that, commercial mortgages are generally negotiable. If you have an exceptionally strong business and a very low-risk property, it is possible that a lender will consider a higher LTV. You may also qualify for a 100% LTV commercial mortgage if you are able to provide additional collateral, such as your home or other valuable assets.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-a0741ac\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-a0741ac uael-question-span\" tabindex=\"0\" id=\"uael-faq-4-69d1843ac4dad\">Commercial interest-only mortgages \u2013 do they exist?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>Commercial interest-only mortgages are not common in Canada. There are some programs that might enable an interest-only mortgage in specific circumstances, such as in the case of an owner-occupied commercial building with considerable equity in the building. In the vast majority of cases, commercial mortgages will have payments consisting of both interest and principal.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-6de7248\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-6de7248 uael-question-span\" tabindex=\"0\" id=\"uael-faq-5-69d1843ac4de0\">Why use a commercial mortgage broker?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>In commercial real estate, a mortgage broker is an important ally. This is because the process can be much more complex than residential real estate. There can be many nuances to your business, the property you\u2019d like to purchase, and the terms and conditions of the mortgage itself. A good mortgage broker can help you identify the right potential lenders, prepare a solid application, deal with questions, negotiate a better deal, and get the financing in place in time to successfully close your transaction.<\/p><p>Want help getting started? Join Swoop to check out your commercial mortgage options in minutes.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-96f56ab\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-right\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-96f56ab uael-question-span\" tabindex=\"0\" id=\"uael-faq-6-69d1843ac4e13\">Can I get a commercial mortgage with bad credit?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p>Yes, it is possible to get a commercial mortgage with bad credit. This is because lenders will primarily consider the profitability and stability of the business rather than the business owner. Having said that, a personal credit check is still likely to be part of the process, and a poor credit score will have consequences. For example, you may need to consider using an alternative lender rather than a major bank, and you may pay a higher interest rate and be required to make a larger down payment.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a734db elementor-widget elementor-widget-spacer\" data-id=\"0a734db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53589b5 elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"53589b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/za\/author\/alastair-woods\/\" aria-label=\"Alastair Woods\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/alastair.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/alastair.webp?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"right-info\">\n <div class=\"inner-top\">\n <div class=\"info-top\">\n <div class=\"info-title\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/za\/author\/alastair-woods\/\">Alastair Woods<\/a><\/h3>\n <\/div>\n <\/div>\n \n \n <\/div>\n <div class=\"info-bottom\">\n <p>Alastair is South African and has a depth of experience in small business financing and strategy. He has led the launch and development of several successful ventures related to fintech, biotech and agriculture. Alastair studied economics and finance at the University of Cape Town, and then went on to complete his Masters at the University of Edinburgh.<\/p>\n <\/div>\n\n <ul class=\"social-links\">\n <li><a href=\"https:\/\/www.linkedin.com\/in\/alastair-woods-64635315\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Linkedin\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n \n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/za\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n \n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5e70864 e-flex e-con-boxed e-con e-parent\" data-id=\"5e70864\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<a class=\"elementor-element elementor-element-53c298d e-con-full e-flex e-con e-child\" data-id=\"53c298d\" data-element_type=\"container\" data-e-type=\"container\" href=\"https:\/\/swoopfunding.com\/za\/business-loans\/\">\n\t\t\t\t<div class=\"elementor-element elementor-element-286e664 elementor-widget elementor-widget-image\" data-id=\"286e664\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2024\/04\/loans-za.svg\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49efe06 elementor-widget elementor-widget-heading\" data-id=\"49efe06\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Business loans<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t<a class=\"elementor-element elementor-element-32c468a e-con-full e-flex e-con e-child\" data-id=\"32c468a\" data-element_type=\"container\" data-e-type=\"container\" href=\"https:\/\/swoopfunding.com\/za\/business-grants\/\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8861d3e elementor-widget elementor-widget-image\" data-id=\"8861d3e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2024\/04\/grants.svg\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f146a89 elementor-widget elementor-widget-heading\" data-id=\"f146a89\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Grants<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t<a class=\"elementor-element elementor-element-c6698d7 e-con-full e-flex e-con e-child\" data-id=\"c6698d7\" data-element_type=\"container\" data-e-type=\"container\" href=\"https:\/\/swoopfunding.com\/za\/start-a-business\/\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2f27d83 elementor-widget elementor-widget-image\" data-id=\"2f27d83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2024\/08\/start-business.svg\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be774ea elementor-widget elementor-widget-heading\" data-id=\"be774ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Start a business<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-678a197 e-flex e-con-boxed e-con e-parent\" data-id=\"678a197\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-bee84dd e-con-full e-flex e-con e-child\" data-id=\"bee84dd\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-884eeea elementor-widget__width-auto elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"884eeea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"60\" height=\"33\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2024\/08\/icon-swoop.svg\" class=\"attachment-full size-full wp-image-42520\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d0ee23 elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"2d0ee23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Create your free Swoop account to easily apply for a commercial mortgages \n<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01e1c14 elementor-widget__width-auto bt-form-45 elementor-mobile-align-center elementor-widget-mobile__width-inherit elementor-widget elementor-widget-button\" data-id=\"01e1c14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/southafrica.swoopfunding.com\/stage?_gl=1*41wq1m*_gcl_au*MTMzMjYwMzIxNC4xNzIwMTM3MTA3\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Join Swoop<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cd8ef8d e-flex e-con-boxed e-con e-parent\" data-id=\"cd8ef8d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1d37007 elementor-widget elementor-widget-ucaddon_auto_page_related\" data-id=\"1d37007\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_auto_page_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n\n <div class=\"container-auto-page-related\">\n <p class=\"title-related text-center\">Related pages<\/p>\n <div class=\"auto-page-related\">\n <ul>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/commercial-mortgages\/bridging-finance\/\">Bridging finance explained &#8211; what is it? <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/commercial-mortgages\/development-finance\/\">Development finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/commercial-mortgages\/how-to-finance-property-development\/\">How to finance property development <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/commercial-mortgages\/how-to-get-a-business-mortgage\/\">How to get a business mortgage <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/commercial-mortgages\/what-is-a-commercial-mortgage\/\">What is a commercial mortgage? <\/a>\n <\/li>\n <\/ul>\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b11fc9a e-con-full e-flex e-con e-parent\" data-id=\"b11fc9a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e4ca6f1 elementor-widget elementor-widget-template\" data-id=\"e4ca6f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"11997\" class=\"elementor elementor-11997\" data-elementor-post-type=\"elementor_library\">\n\t\t\t<div class=\"elementor-element elementor-element-db4fd27 e-con-full e-flex e-con e-parent\" data-id=\"db4fd27\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-5de8fca e-flex e-con-boxed e-con e-child\" data-id=\"5de8fca\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-df32f97 e-con-full e-flex e-con e-child\" data-id=\"df32f97\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-982ddef elementor-widget elementor-widget-heading\" data-id=\"982ddef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Ready to grow your business?<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7886947 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"7886947\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/southafrica.swoopfunding.com\/stage\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get started<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-efe67bd elementor-widget elementor-widget-html\" data-id=\"efe67bd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n<script type=\"text\/javascript\" src=\"\/\/widget.trustpilot.com\/bootstrap\/v5\/tp.widget.bootstrap.min.js\" async><\/script>\n\n\n\n\n<div class=\"trustpilot-widget\" data-locale=\"en-US\" data-template-id=\"53aa8807dec7e10d38f59f32\" data-businessunit-id=\"5b437d760db9da00019935a0\" data-style-height=\"95px\" data-style-width=\"160px\" data-theme=\"dark\" data-token=\"75678bf0-071e-4356-8a6b-93beb5a68f32\">\n <a href=\"https:\/\/www.trustpilot.com\/review\/swoopfunding.com\" target=\"_blank\" rel=\"noopener\">Trustpilot<\/a>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Commercial mortgages explained You\u2019re looking to purchase real estate for commercial use \u2013 let us help you access a range of options. Swoop is a credit broker and does not provide capital. We work with a range of companies to offer clear comparisons that allow customers to make choices on financial products &amp; services. Swoop [&hellip;]<\/p>\n","protected":false},"author":80,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-16759","page","type-page","status-publish","hentry"],"acf":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_blog_full":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>Commercial mortgages explained You\u2019re looking to purchase real estate for commercial use \u2013 let us help you access a range of options. What do you require the funds for? Select Commercial Mortgage Buy To Let Property Development Bridging Loan How much would you like to borrow? R What is the approximate value of the property? R Great news! We have a number of matches for your requirements, please provide contact details: Send me updates on products, news and information on selected partners. By submitting this form, you consent to receive application\u2011related messages from Swoop Funding via SMS or WhatsApp at&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Alastair Woods","url":"https:\/\/swoopfunding.com\/za\/author\/alastair-woods\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/za\/wp-json\/wp\/v2\/pages\/16759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/za\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swoopfunding.com\/za\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/za\/wp-json\/wp\/v2\/users\/80"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/za\/wp-json\/wp\/v2\/comments?post=16759"}],"version-history":[{"count":14,"href":"https:\/\/swoopfunding.com\/za\/wp-json\/wp\/v2\/pages\/16759\/revisions"}],"predecessor-version":[{"id":42926,"href":"https:\/\/swoopfunding.com\/za\/wp-json\/wp\/v2\/pages\/16759\/revisions\/42926"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/za\/wp-json\/wp\/v2\/media?parent=16759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}