Will Pinnick President

of Home Loans By U, Inc.

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Thank you for the opportunity to

to earn your business and we look

forward to becoming your family's 

trusted Home Loan experts.

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Commercial Loans

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Commercial Loans are mortgages that are secured by commercial property. Examples of commercial properties are: office building, shopping center, industrial warehouse, or apartment complex.

 

The proceeds of this type of financing are typically used to acquire, refinance, or develop commercial property.

The biggest difference between a commercial loan and a residential loan is that a commercial loan is written and qualified based on the amount of income the property produces where a residential loan is written and qualified based on the personal income of the borrowers.

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Commercial loans do take the borrowers personal income into consideration, but the loan amount is calculated based on the amount of income the property produces.

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