• A commercial real estate loan is a loan used to purchase or refinance commercial property, such as an office building, warehouse, or shopping center.

  • To qualify for a commercial real estate loan, you typically need a good credit score, a solid business plan, and a substantial down payment. The exact requirements may vary based on the lender and the type of loan you choose.

  • The amount you can borrow for a commercial real estate loan will depend on factors such as the value of the property, your credit score, and the strength of your business plan. Lenders typically allow you to borrow up to 70% to 80% of the property's value, but this can vary based on your circumstances.

  • The time it takes to get a commercial real estate loan can vary based on the lender and your individual circumstances, but it usually takes 30 to 60 days from start to finish.

  • A fixed-rate commercial real estate loan is a type of loan where the interest rate stays the same for the entire term of the loan. This can provide stability and predictability for your monthly payments.

  • An adjustable-rate commercial real estate loan (ARM) is a type of loan where the interest rate can change over time based on changes in market conditions. This can result in changes to your monthly payments.

  • It may be possible to get a commercial real estate loan with a low credit score, but you may have to pay a higher interest rate or provide additional collateral. It's also possible that you may need a co-signer or to put more money down as a down payment.