SouthStar Bank

For most entrepreneurs and real estate investors, acquiring a commercial real estate loan is a monumental step to make in life financially. Acquisition and refinancing are primary purposes through which commercial property purchases are made in conjunction with property rehabilitation; such loans are extremely significant as avenues for capital injection to expand their portfolios and venture investment. However, obtaining a commercial real estate loan is an arduous and intricate procedure which requires the preparation and tactical strategy. Basic Knowledge of Commercial Real Estate Loans A commercial real estate loan refers to financing, which a commercial bank, a credit union, or other private lenders lend it to companies so that the later can either acquire or upgrade any commercial property. Contrasted to a residential mortgage loan, which is a type of finance established for the comfort and support of homeowners, commercial real estate loans are based on the needs of the busines...