Commercial Real Estate Lending refers to the process of providing financing for the purchase, development, or refinancing of commercial properties. This type of lending is specifically designed for properties used for business purposes, such as office buildings, retail centers, industrial facilities, and multifamily housing. Commercial real estate loans typically involve larger amounts of capital and are structured differently than residential mortgages, often requiring a detailed business plan, financial statements, and projections from the borrower. Lenders evaluate factors such as the property's income potential, location, and market conditions to determine loan eligibility and terms, which may include fixed or variable interest rates and varying repayment periods.Header for lending options