What are commercial real estate loans?

Commercial real estate loans are loans that are used to finance the purchase or construction of non-residential properties, such as office buildings, retail centers, or industrial warehouses. These loans are typically issued by banks or other financial institutions and are secured by the property being purchased or built.

What are the requirements for a commercial real estate loan?

Requirements for a commercial real estate loan may vary depending on the lender and the specific loan program, but typically include factors such as credit score, business financials, property value and type, down payment, and debt service coverage ratio. It's best to contact potential lenders directly to learn more about their specific requirements.