Commercial properties or commercial real estate is simply a property that’s used for business purposes.
Commercial real estate is an income-producing building or property that’s used solely for business purposes. Some commercial real estate properties can include shopping centers, office buildings, retail spaces, hotels, restaurants, venues, and so on. Typically, people don’t live in commercial properties.
To apply for a commercial loan, usually, you will need to have a business entity already in existence that is given the loan, and the loans usually range from five to twenty years. Commercial loan values normally fall into the 65% to 80% range.
Commercial properties can be a very good investment, and with interest rates so loan, you might want to consider purchasing some commercial real estate.
From the moment you start an application to the day your loan closes and beyond, you can depend on Napa Finance to be on your side. We’re here to help!