These loans are typically used by certain business entities, like a limited liability company, an s-corporation, a c-corporation, or sole proprietorships. This is because commercial real estate is typically valued at several hundred thousand dollars in many cases.
Commercial real estate loans are different from other types of business loans. You’ll need to discuss the specifics of your situation with your advisor to determine if you qualify and what types of loan terms you can expect. If you don’t have a commercial advisor,
. DDA Mortgage today.
Here’s how the process commercial loan process usually works: