Question 1

What is Commercial Real Estate (CRE)?

Accepted Answer

Briefly, commercial real estate (CRE) is any property owned to produce income. This includes: 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 Examples of CRE properties are: multifamily (residential apartment building) mixed-use (combination of residential and retail or office units) office retail industrial land

Question 2

What are some types of commercial property types?

Accepted Answer

There are 6 main property types: Multi-unit/family (apartment buildings) Mixed Use (combination of retail or office space and residential apartments) Office Retail Industrial Land

Question 3

How does residential real estate differ from CRE?

Accepted Answer

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.

Question 4

Can I get a 20 or 30-year mortgage loan for a CRE property?

Accepted Answer

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.

Question 5

How can I reach you?

Accepted Answer

Call, email, or complete our inquiry form. We’d love to hear from you.