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A commercial mortgage is a loan that is made using real estate as collateral in order to guarantee repayment.

There’s a wide range of commercial mortgages available for your business to use. In order to help you pick the best option, we’ve listed several options for you so that you can make an informed decision. We invite you to search our search engine to check out all of the different options available to you.

Commercial mortgages can be used for the following:

  • Shopping centers, industrial buildings, office buildings
  • Golf courses, resorts, hotels, parking garages, car washes
  • Construction loans, ground leases, seconds, wraparounds, etc.
Capital Type Capital Type Definition
Acquisition and Development Raw land infrastructure development (streets, utilities, etc.)
Adjustable Commercial Mortgage Interest moves with a specific index (Prime, T-Bills, etc.)
Construction Mini-Perm Construction with 3 to 5 year loan, usually on income property.
Construction Loan with Take-out Construction with pre-arranged takeout loan in place.
Fixed Rate Commercial Mortgage Interest Rate remains constant throughout the term.
Hard Money Loan Loans from private lenders based primarily on the hard asset value (commercial building, vacant land, etc.).
Interim Loan A short term (2 yrs or less), bridge or project type loan.
Joint Venture A financial partner in the development of real estate.
Participating Mortgage Lender receives a kicker for gross income above a preset level.
Real Estate Sale and Leaseback Lender purchases land and leases back to borrower (generally developer) for a fixed rent plus other considerations. Mortgages are issued on leasehold at market rates. Usually, produces more dollars than a mortgage.
Second Mortgage (Commercial) Loan secured by equity behind that of the first lien.
Wraparound Lender makes a second mortgage and assumes the first mortgage.

 


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