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.
Self Storage Financing and Self Storage Commercial Loans by Commercial Loan Direct. Commercial mortgage lender offering self storage building financing. Offering lowest rates and lowest closing costs.
Get notified when commercial loan rates change. We currently support push, email, and text notifications. Be the first to know when the rates change.
View today's average commercial loan rates. Today's commercial loan rates can average between 2.705% and 12.000%+, depending on the loan product.
Mixed use commercial mortgages and loans by Commercial Loan Direct. Our Company strives to offer the lowest commercial mortgage rates in the marketplace. Mortgage lender offering mixed use property financing
Owner occupied commercial real estate mortgages by the #1 online mortgage banker. Commercial Loan Direct provides OO loans for SBA, USDA, and Conventional programs.
Commercial Loan Rates & Tools provides a variety of calculators and tools for commercial loans including commercial loan rates, loan package guides, a loan finder to find loan products you qualify for, video guides, and more.
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We provide many financing options for hotels and hospitality properties including SBA, Conventional, CMBS, Insurance, and USDA Loan programs.
We provide CMBS mortgages at low rates for multifamily, hospitality, medical, mixed use, office, retail, and self storage properties.
