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.
We provide commercial loans for retail centers at low rates. Loan programs include CMBS, insurance, USDA, bridge, construction, SBA, and conventional loans.
Watch our commercial mortgage tutorial videos to learn the different types of commercial loans and there parameters.
USDA Loans. Commercial Loan Direct - lowest closing costs on USDA commercial real estate loan financing programs - best interest rates on USDA mortgages
Commercial Loan Refinancing- We provide real estate refinance mortgages nationwide. Our Company strives to offer the lowest rates in the marketplace.
We provide CMBS mortgages at low rates for multifamily, hospitality, medical, mixed use, office, retail, and self storage properties.
Affiliates and referrals for webmasters and website owners program by Commercial Loan Direct - join one of the best paid programs on the internet
Student housing apartment loans and student housing multifamily mortgages by Commercial Loan Direct. #1 Rated online lender offering lowest rates and closing costs financing
Not all Lenders or loan programs are created equal and each program has it’s own specific guidelines. That being said, here is a general list of the items you should consider preparing in advance of contacting Lenders for a loan quote*:
