Commercial Real Estate Loans: What You Should Know

CRE loans exist to finance property that’s used for business-related purposes, such as shopping malls, warehouses, apartment complexes and office buildings. A CRE loan can be used to buy new property, renovate existing income-producing property or refinance debt on a commercial property you already own. Often, … See more

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FAQs about Commercial Real Estate Loans: What You Should Know Coupon?

Are commercial real estate loans a good choice?

Commercial real estate loans also come with shorter repayment terms than residential loans; a negotiable range of 5 to 20 years is the norm, as opposed to a 30-year home mortgage. Due to these shorter loan terms, there are also stiffer penalties in place for early payment on commercial real estate loans to protect the lender’s final take. ...

Who can get a commercial real estate loan?

Often, CRE loans are made to a business entity such as a corporation, developer or trust, though an individual can borrow one as well. Most of these loans require that the property is owner-occupied, meaning your business resides in at least 51% of the building. Commercial real estate loans work similarly to mortgage loans for personal real estate. ...

What are the terms of a commercial real estate loan?

The exact terms of a commercial real estate loan depend on the specific type of loan, lender, property financed and more. Some common types of commercial real estate loans include: Permanent loan: This is essentially a first mortgage on a commercial property. It involves some amortization and has a term of at least five years. ...

How do commercial real estate loans function?

Commercial real estate loans function as a means for small business owners to buy income-producing properties. They help finance the purchase of commercial properties. Here’s how they work and how to qualify: LOANS TYPES Working Capital Loans Business Term Loans Short-Term Loans Business Lines of Credit Merchant Cash Advances SBA Loans ...

What are examples of commercial real estate loans?

Examples include retail malls, shopping centers, office buildings and complexes, and hotels. Financing—including the acquisition, development, and construction of these properties—is typically accomplished through commercial real estate loans: mortgages secured by liens on the commercial property. ...

What are commercial real estate loans for investment properties?

Commercial real estate loans for investment properties are loans specifically designed for businesses that don’t intend to occupy the property they are purchasing. Instead, the property will be leased to commercial or residential clients to provide rental income to the business. ...