Commercial Lending

Commercial property loans, also known as commercial real estate loans, are financial products designed to help individuals or businesses purchase, refinance, or develop commercial properties. These properties could include office buildings, retail spaces, industrial complexes, apartment buildings, hotels, and more. Commercial property loans enable borrowers to secure the funding needed to acquire or manage income-generating properties.

Here are some important things you should know about commercial property loans:

Types of Commercial Property Loans:

Traditional Commercial Mortgages: These loans are similar to residential mortgages, where the property itself serves as collateral. Borrowers make regular payments of principal and interest over a fixed term.

SBA: The Small Business Administration (SBA) offers loans to small businesses to acquire commercial real estate. These loans often come with favorable terms and lower down payment requirements.

Commercial Bridge Loans: These are short-term loans used to bridge financing gaps, often during property acquisitions or when transitioning between different types of financing.

Construction Loans: Designed for real estate development projects, these loans provide funding during the construction phase and are often repaid through a permanent loan once the project is completed.

Commercial Hard Money Loans: These loans are usually offered by private lenders and are secured by the property itself. They tend to have higher interest rates and shorter terms.