Is It Hard to Get a Commercial Property Loan?
Without a commercial mortgage loan, though, most business owners don’t stand a chance of purchasing a commercial property. Thankfully, commercial real estate loans are available that can make these dreams a reality—even if you don’t have cash or other assets to secure the loan.
What are the requirements for a 100% commercial loan?
The key is that the property must be at least 51% or more owner occupied by your business. In other words, your business and/or your employees must legitimately occupy 51% or more of the building. (Ground up construction requires the business initially occupy at least 60% of the total square footage per SBA rule).
