Frequently asked questions
What is Commercial Real Estate (CRE)?
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property owned by investors to rent or lease to businesses or residential tenants -
property owned or leased by a business (i.e. storefront, office) to conduct business -
property that is owned or occupied by nonprofit organizations -
property that is owned or occupied by religious organizations
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multifamily (residential apartment building) -
mixed-use (combination of residential and retail or office units) -
office -
retail -
industrial -
land
What are some types of commercial property types?
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Multi-unit/family (apartment buildings) -
Mixed Use (combination of retail or office space and residential apartments) -
Office -
Retail -
Industrial -
Land
How does residential real estate differ from CRE?
According to most definitions, residential real estate includes single family homes, condominiums, co-ops and typically, smaller (4 units or less) apartment buildings. These properties are usually owner occupied. At R4 Commercial we include 2-4 unit apartment buildings in the multi-family space because of the owner’s ability to lease units to produce income.
Can I get a 20 or 30-year mortgage loan for a CRE property?
A typical loan for a commercial property is a 5-year balloon. That said, there are programs that offer longer mortgage loan terms for multi-family properties and owner-occupied businesses. These programs require certain conditions to be met.