Commercial property loan is a type of financing specifically designed for purchasing or refinancing commercial real estate properties. These loans are typically utilized by businesses or investors looking to acquire properties for commercial purposes rather than residential use.

Commercial properties encompass a wide range of real estate types, including:

• Office buildings
• Retail spaces (such as shopping centers, malls, or individual storefronts)
• Industrial properties (warehouses, manufacturing facilities)
• Hospitality properties (hotels, motels, resorts)
• Multifamily residential buildings (apartment complexes)
• Special-purpose properties (such as healthcare facilities, educational institutions, or recreational facilities)