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.
Description: Conventional commercial loans for apartments and commercial real estate properties offered nationwide.
We provide many financing options for hotels and hospitality properties including SBA, Conventional, CMBS, Insurance, and USDA Loan programs.
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Owner occupied commercial real estate mortgages by the #1 online mortgage banker. Commercial Loan Direct provides OO loans for SBA, USDA, and Conventional programs.
Life insurance company commercial loans nationwide by the leading online mortgage originator. Offering multiple options Nationwide. Lowest fixed rates and closing costs. Financing simplified.
Calculate your yield maintenance prepayment penalty using our online calculator. We provide a variety of commercial loan calculators to commercial real estate investors.
Watch our commercial mortgage tutorial videos to learn the different types of commercial loans and there parameters.
Equipment Loan Application - Commercial Loan Direct
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