Types of Commercial Properties - There are various types of Commercial Mortgages available for number of commercial businesses
This list gives you an overview of the commercial lending available on various types of businesses.
There are number of options available for commercial lending. There are three main factors in commercial lending which are given in a table below. Apart from those factor there is another important aspect in commercial lending i.e. goodwill financing. It will be discussed in another section at a later time.
Commercial loans
| Property Types | Loans | Qualification |
|---|---|---|
| Land | Long Term financing | Property Must have real value |
| Unique Types of facilities | Construction Loans | Appraisal Must be done by a lender approved Appraiser |
| Condominium Construction | Equity Loan | Property must have solid resale prospect |
| Motels / Hotels | Land Acquisition Loan | CMHC guidelines must be met for CMHC insured properties |
| Restaurants / Fast Food | Long Term First and Second Mortgages | Environmental requirements have to met (Phase 1 or 2 ESA) |
| Franchise | Gap Financing | Amortization period may vary from 5 to 25 years |
| Gas Stations | Equity Withdraw for Development | |
| Office Buildings | Refinance Mortgage Loan | |
| Malls / plazas | Escrow loan | |
| Industrial/warehouse | ||
| Self Storage | ||
| Golf Courses | ||
| Marinas | ||
| Retail Business |
Table C.1.1 Commercial Loan Types
