Need advice regarding industrial mortgage!
#1
Hey all,

It’s been about 4 years since I have started a workshop. And now I’m planning to start a new franchise in another location. I’m planning to take up a mortgage to purchase a building, where I will start the new franchise. But I have no idea about mortgages. I searched online to know about it and found that there are industrial mortgages (http://www.mortgagesmortgages.ca/mortgage-types/industrial-mortgage/), they provide such mortgages for purchasing a building. It’s the first time I’m hearing about it. Is it safe to take an industrial mortgage? Is it too risky? Or are there any other options?
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