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A Correspondent Lender and SBA Specialist
Commercial Real Estate
Definition
Commercial property includes office buildings, industrial property, medical
centers, hotels, malls, retail stores, shopping centers, farm land, multifamily
housing buildings, warehouses, garages, and industrial properties. In many
states, residential property containing more than a certain number of units
qualifies as commercial property for borrowing and tax purposes.
Commercial real estate is commonly divided into four categories:
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Categories of Commercial Real Estate |
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Category |
Examples |
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Retail |
medical centers, hotels, malls, retail stores, shopping centers |
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Office |
office buildings |
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Industrial |
industrial property, farm land, warehouses, garages, industrial
properties |
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Multifamily (apartments) |
multifamily housing buildings |
Of these, only the first three are classified as being commercial
buildings. Residential Income Property may also be used to mean
Multifamily Apartments.
-$250,000 up to $5,000,000
-Rates as low as 6%
-Variable Terms 3, 5,10,15 and 25 years
-Amortizations up to 30 years
-FICO scores down to 640
-CLTVs up to 90%
Eligible Properties include:
Office, retail, warehouse, hotel, daycares, assisted living facilities, dry
cleaners, Churches, and more!
***Right click the link below and select 'Save Target As...'
Commercial Real Estate Loan Request
