A CRE loan can be used to buy new property, renovate existing income-producing property or refinance debt on a commercial property you already own.
Commercial loans are financial products designed for businesses and organizations to meet various financial needs. These loans are distinct from consumer loans and are typically used for purposes related to a business, such as expanding operations, purchasing equipment, managing cash flow, or financing commercial real estate.
These loans are used to purchase, refinance, or develop commercial properties. They come in various forms, such as commercial mortgages, construction loans, and real estate development loans.