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What Are Commercial Real Estate Loans?

Taking a mortgage out when buying a house is similar to taking a mortgage out when buying a commercial property. A commercial real estate loan allows a business to finance property purchases or renovations through a bank loan. In order to qualify for most commercial real estate loans, the property must be owner-occupied, meaning that the business must occupy at least 51% of the building. A borrower can also consider an investment property loan instead if they do not occupy the property exclusively.

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