A Commercial Property Mortgage Covers Most Property Types
February 9, 2010 9:16 am 154Even though most of the mortgages issued on an annual basis are going to be residential by definition, the majority of different types of mortgages by category will be a commercial property mortgage.
In fact, every type of property that outside of residential living units of less than 4 are considered to be commercial properties. This includes high rise apartments, townhouse complexes, industrial buildings, warehouses, bare land, commercial properties, mixed use properties, and so on.
For each type of commercial mortgage application, there will be some unique requirements related to the location, property use, and the local resale market for the related commercial application.
