Commercial Mortgages for Owner-Occupied Properties

Owner-occupied commercial mortgages are for properties where your business operates and occupies at least 51% of the space. These typically offer better rates and terms. Investment property financing is for properties you rent to tenants and qualify based on rental income rather than business operations.

Down payment requirements vary by loan type. SBA 504 loans require as little as 10% down, SBA 7(a) loans typically require 10-15% down, and conventional commercial mortgages usually require 20-25% down payment.

Eligible properties include office buildings, retail spaces, warehouses, manufacturing facilities, mixed-use buildings (with commercial space), medical offices, and other commercial properties where your business operates.

Closing timelines vary by loan type. Conventional commercial mortgages typically close in 45-60 days. SBA loans may take 60-90 days due to additional government review and approval processes.

Yes, cash-out refinancing allows you to access equity in your commercial property for business expansion, renovations, equipment purchases, or other business needs while potentially lowering your interest rate.

Most lenders require a minimum credit score of 680 for commercial mortgages, though SBA loans may accept scores as low as 650. Higher credit scores typically qualify for better rates and terms.