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Commercial Real Estate is any real property acquired or owned with an aim to generate income. From the perspective of property type, any property that is not residential is considered commercial. Residential properties are dwellings which house one to four families. From an investment's standpoint, commercial real estate includes all kinds of real properties which generate or have a potential to create revenue including land. Commercial real estate is any property which offers space for retail outlets, industries, officesand other properties that can be leased or bought for the sole use of the business. Commercial properties exist in different types and at Commercial Mortgage Connection we classify them into four distinct categories; dwellings, office, retail and specialty properties. Dwellings/Multi-family Properties An apartment that has five or more apartments is considered commercial real estate. High-rise condominium units, expansive apartment complexes, and some multi-family units are all commercial real estate properties. Multi-family structures' leases are shorter-term in contrast to office and retail units. There are plenty of lenders that offer apartment building loans at reasonable rates. Office Properties These properties encompass a wide range of different property categories. They include everything from small professional buildings, single-tenant buildings and everything else in between. A number of the structures are renovated and equipped with modern infrastructures making them look a bit new even though they are actually aged. These types of constructions are normally highly accessible, professionally managed and are in primary locations. Real estate investors target older office spaces that have the potential for high returns on their initial investments. These are grouped into the next level of office spaces. They are maintained and managed in an excellent manner though they are capital-intensive in the renovation of infrastructure. The last categories of these office spaces are what we call ancient spaces. They are situated in non-prime locations and are in much need of extensive repairs to make them functional and operational. They make up for the low quality and poor proximity with lower rental rates. When vacated, they tend to stay empty for long durations of time. Investors usually use them for redevelopment opportunities. Retail/Mixed Use Properties These properties can be an one storefront building or they can be what is considered mixed use. An example of a mixed use is where the retail store is on the ground floor of a multi-family construction. Retail properties can be located in neighborhood shopping centers or strip malls. Businesses can choose from any of these property types, but investors tend to choose neighborhood shopping centers and strip malls due to the several tenants involved. This can offer better opportunities and much less vacancy. Strip malls are a mix of various small retail units prevalent in suburban setups. The size of these strip centers range from 5,000 to 100,000 square feet, and they are usually located in unenclosed areas with anchor tenants like Staples, to lure patrons and clients. They also include businesses like small pet stores, nail salons, trendy restaurants and other exquisite shops (imported cigar shop) in the case of upscale neighborhoods. Specialty Properties Leisure properties such as eating establishments, hotels and resorts, and health-related facilities are considered special properties. Car washes, bowling alleys, theaters and gas stations are other types of specialty properties. These are the fundamental property types of commercial real estate which can direct your search to the ideal business location or for the ideal return on your investment. When utilizing a typical commercial mortgage lender, your loan could be denied based on property type, customer credit quality and loan underwriting qualifications. Commercial Mortgage Connection takes a different approach and we only work with lenders who encourage complicated loan scenarios and fund non-bank quality loans. We work to supply tailored solutions to every client. In order to fill a void in the present marketplace of commercial real estate finance, CMC can provide personalized service for difficult to place loan scenarios. Commercial Mortgage Connection advises clients on the financing of all commercial property types. Some examples include Office Buildings, Mixed-Use, Apartment Buildings, Gas Stations and Industrial Use properties. To get additional information concerning apartment building mortgages visit www.commercialmortgageconnection.com to learn more.
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