Are you presently a small business holder given a professional home mortgage? You can find terms and you can affairs you ought to learn before you can begin. I spoke having Justin Northcutt, Industrial Loan Administrator, to learn more about the 2 kinds of industrial real property loans – owner-filled and you will investment. The guy and additionally discussed brand new SBA financing program, exposure, down payments, and details between loan providers. Let’s go through the sort of fund you to entrepreneurs is used to buy possessions.
Owner-Filled versus. Capital
About lending community, there are two categories having commercial real estate finance: owner-filled and you can funding (otherwise known as low-owner-occupied). Which type of financing you’ll need comes down to you to definitely primary question: that occupying the house or property? Devam