Definition: A commercial loan is a loan between a business and a bank to fund capital expenditures and/or operating costs. Commercial loans come in two forms - owner-occupied mortgages and investment mortgages. If the property's sponsor(s) use over 50 percent of the building's useable square footage, the commercial loan is said to be a owner-occupied commercial loan. Otherwise the commercial loan is considered to be an investment mortgage. To be considered a commercial loan the property being funded must be zoned commercial and not residential.
Listed below are a few resources that may be beneficial in your understanding of commercial loans and how they work.
For information on how to qualify for a commercial loan please visit our 5 steps to get a commercial loan article. For other questions in the requirements of getting a commercial loan, you may also visit our faqs page, or send us a message through our contact form.
For current commercial mortgage rates you can visit our commercial loan rates page or our apartment loan rates page if the property is multifamily.
The types of commercial loans available are listed as follows:
To find out what type of loan you may qualify for, you may visit our loan finder tool.
To apply for a commercial loan, simply fill out our free quote request. You may also use our free commercial loan forms during the process to help expedite your loan application.
NOI is the annual income generated by a property after taking into account all income collected from operations, and deducting all expenses incurred from operations. Use our calculator toy calculate your Net Operating Income.
Online Commercial mortgage real estate lender. Business mortgages and commercial loans nationwide. Save with low rates and closing costs. Ranked #1 Online Mortgage Banker
Use our commercial loan rates graphs to see how the key markey interest rates are trending.
CMBS loans can be used for the purchase or refinance for Commercial Real Estate properties, including Hotels, Industrial, Office, Multi-family, Medical, Mixed-Use, Retail, and Self-Storage
Owner occupied commercial real estate mortgages by the #1 online mortgage banker. Commercial Loan Direct provides OO loans for SBA, USDA, and Conventional programs.
Get notified when commercial loan rates change. We currently support push, email, and text notifications. Be the first to know when the rates change.
Calculate your debt service coverage ratio for commercial loans. Use our calculator to calculate the NOI needed for a selected DSCR.
