Commercial Real Estate Loan
Commercial real estate loans, on the other hand, are used to purchase commercial spaces like offices or warehouses. They can also be used to purchase larger multi-family dwellings, such as apartment complexes.
The exact application process for a commercial loan will differ depending on the type of loan. In general, commercial loans are harder to qualify for and have a longer approval period.
Unlike conventional 15-year and 30-year mortgages, business loans typically have much shorter loan terms.
Like a consumer mortgage, the commercial property will be collateral for the loan that you take out. However, some loans and lenders may also require a personal guarantee depending on your situation.
We provide loans for a wide variety of commercial properties, including:
Automotive Repair Shops