| CLender 2007-11-19, 1:25 pm |
| CLOSING COMMERCIAL LOAN SCENARIOS
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Multi-Use Property: Multi-use property is a commercial property that
can be easily converted to several different uses. Examples of multi-
use property are: Office, Retail, Warehouse, and light industrial.
Special Use Property: Special Use property, sometimes referred to as
single-use property, is a commercial property types generally
considered to be good for one use only. Examples of special use
property are: Restaurant, Automotive Real Estate, Assisted Living
Facility, connivance store, and gas station.
Multifamily Property: Multifamily (also commonly spelled multi-
family)
property is exactly what it sounds like. It is residential property
designed for the use of more than one family (i.e. an apartment
building). A multifamily property is generally considered to be
commercial multifamily when it is designed for the use of more than 5
families.
Mixed Use Property: Mixed Use property is when a property has both
residential and commercial uses. Typically, but certainly not always,
this includes a multi-use retail or office unit on the ground floor
with apartments above.
Hospitality Property: Hospitality property includes hotels, motels,
bed and breakfast properties and any variation therein. Many lenders
consider hospitality property to a special use property.
LenderLister.com is able to help you find financing for most
commercial property types. Remember that you're not submitting your
clients information. You're only submitting the loan scenario with
your contact information. The goal is to help you close loans!
SUBMIT COMMERCIAL LOAN SCENARIOS HERE!
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Thanks
Jack Getter
http://www.LenderLister.com
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OUT
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