Interest rates on commercial loans are generally higher than on residential loans. Also, commercial real estate loans usually involve fees that add to the overall cost of the loan, including.
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The $10.2 billion-asset credit union makes loans, including commercial real estate credits, to a range of businesses. Jeff Dick, chairman and CEO of MainStreet Bank in Fairfax, Va., said some.
#1: The Long-Term Commercial Mortgage With Fixed-Interest. The traditional commercial real estate loan from a lender or bank operates similarly to the home mortgage, but it has shorter terms with broader uses. Instead of offering a 30-year loan repayment schedule, the real estate loan will rarely exceed a repayment schedule of 20 years.