Traditional mortgage-based loans are typically used to buy or refinance various commercial real estate solutions, including retail or shopping centers, office buildings and industrial warehouses. They are certainly the number one option where the potential loan is sizable.
Bridge loans can be used as a stopgap solution if you cannot initially qualify for other funding. They are also favored if you intend to buy a “fixer-upper” and renovate or convert to a commercial opportunity.
SBA loans have strict requirements. You may need to be the owner occupier to qualify and create a certain number of jobs. In this case, these loans may be attractive if you intend to open a new business in an economically deprived area.
