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.
Apply for a commercial loan, apartment loan & multifamily mortgage. Lowest fixed rates available. No points and low closing fees. Apartment financing simplified.
Commercial Loan Direct's loan specials and lowest commercial real estate interest rates.
USDA Loans. Commercial Loan Direct - lowest closing costs on USDA commercial real estate loan financing programs - best interest rates on USDA mortgages
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.
Online Commercial mortgage real estate lender. Business mortgages and commercial loans nationwide. Save with low rates and closing costs. Ranked #1 Online Mortgage Banker
Commercial Loan Direct offers conventional construction loans for commercial real estate properties, SBA-504 companion mortgages for transactions that are approved via the Small Business Administration, and FHA loans for apartment complexes construction. Property types eligible for construction financing are as follows: industrial, medical, mixed use, multifamily, office, retail, as well as self-storage.
Learn about the different types of commercial loans and real estate lending programs offered by CLD with our loan finder. CLD provides Fannie Mae, Freddie Mac, FHA, CMBS, Conventional, Insurance, USDA, SBA, Bridge, and Construction Loans.
Use our commercial loan rates graphs to see how the key markey interest rates are trending.
