Whether you’re a subdivision developer embarking on a new project or an office building owner looking to refinance, chances are you’ll need a commercial real estate loan. Commercial real estate loans work differently than residential mortgages in terms of underwriting, structure, interest rates and fees, and there are several types to choose from. Here is a guide.
What is a commercial real estate loan?
Commercial real estate loan options
Commercial vs. residential loans
How to get a commercial real estate loan
What is a commercial real estate loan?
A commercial real estate loan is typically used to purchase, construct, rehabilitate or refinance commercial, industrial and other non-owner-occupied property. That can include an office building, multi-unit rental building, medical facility, warehouse, hotel or vacant land on which to build one or more of these types of properties. Commercial mortgages can also be used to buy and develop land on which single- or multi-family homes will be constructed and sold.
