Is a commercial real estate mortgage the same as a regular mortgage

I have been offered a chance in on an investment for a piece of commercial real estate, but I know nothing about mortgages for these type of properties. Is there somewhere I can get info on the differences between a regular mortgage and one for an commercial property?

Answer #1

No, they are slightly different and yet mostly the same. About the same as buying a residential home, but different laws, permits, and property rights.

More Like This
Ask an advisor one-on-one!
Advisor

Srn Real Estate Pros

Real Estate, Property, Homes

Advisor

Srn Real Estate Professionals

Real Estate, Homes for Sale, Property Listings

Advisor

TriVista Real Estate

Real Estate Agency, Realtor, Property Management

Advisor

Matt Greer Real Estate Agent

Real Estate Sales, Customer Service, Home Valuation

Advisor

Barry Ison Real Estate

Real Estate Agency