Test Your Knowledge of Commercial Real Estate Loans
A Commercial Real Estate Loan is a mortgage loan secured by a lien on commercial property, rather than on residential property, such as a house or a condo. Commercial real estate financing, by nature, typically involves larger sums of money than a home mortgage. This funding can cover purchases of warehouses, factories, office or retail buildings and even hotel financing.
Before applying for a Commercial Real Estate Loan, there are several things that entrepreneurs should know about this type of small business lending.