Owner Occupied Commercial Property Loans

Owner-occupied commercial mortgage loans are some of the easiest to obtain for established business owners. While there is a certain amount of paperwork involved in this type of property loan, lenders are anxious to offer such loans. Owner-occupied commercial mortgage loans are designed for business owners who occupy at least 51% of a particular property. Property owners must also be able to show two years of stabilized financial history and the ability to support such a loan. In most cases, owner occupied commercial loans receive fast approvals, quick closings, and low down payment options. Because of these benefits, more individuals are choosing owner-occupied commercial property loans in recent years to buy property for their businesses.

In most cases, an owner-occupied commercial property loan will be offered up to 80% with loan amounts up to $7.5 million. Up to 10 year fixed rates, 25 year amortizations and no balloons are available on most property types. Multiple pre-payment options are available.

Owner-occupied mortgage loans are ideal for such businesses as office space, warehouses, auto repair shops, convenience stores, retail spaces, light industrial and mixed use properties. In most cases, this type of loan requires a 20% to 25% down payment for a purchase but not always. Owner-occupied commercial loans are available in all states and include real estate opportunities to purchase, as well as refinance.