What is a commercial real estate loan and how do I qualify for one?
Virtually everyone has at least a glancing familiarity with the residential mortgage process. What is much less well-understood, however, is the process for financing the purchase of a commercial building.
With that in mind, let’s take a closer look at how these loans work and what you need to do to successfully acquire one.
Understanding commercial real estate lending
The Commercial Real Estate Loan (CRE) is a mortgage secured by a lien on a commercial property. Common forms of commercial properties…