Commerical Mortages Definitions

Apartments: 5-20 Units – Real estate mortgage/loan for an apartment building with 5-20 units.

Apartments: 21+ Units – Real estate mortgage/loan for an apartment building with 21+ units.

Construction: New – Real estate mortgage/loan for construction of a new building.

Construction: Renovation – Real estate mortgage/loan for renovation of an existing building.

Development: Residential – Real estate loan for developing multiple homes on a plot of land.

Development: Commercial – Real estate loan for developing one or more commercial buildings on a plot of land.

Health Care: Assisted Living – Real estate mortgage/loan for an assisted living facility.

Health Care: Congregate Care – Real estate mortgage/loan for a congregate care facility.

Health Care: Hospital – Real estate mortgage/loan for a hospital.

Health Care: Independent Living – Real estate mortgage/loan for an independent living health care facility.

Health Care: Medical Clinic – Real estate mortgage/loan for a medical clinic.

Health Care: Rehabilitation – Real estate mortgage/loan for a rehabilitation center.

Health Care: Skilled Nursing – Real estate mortgage/loan for a skilled nursing facility.

Hotel/Motel: Full Service Hotel – Real estate mortgage/loan for a full service hotel.

Hotel/Motel: Limited Service Hotel – Real estate mortgage/loan for a limited service hotel.

Hotel/Motel: Resort Hotel – Real estate mortgage/loan for a resort hotel.

Hotel/Motel: Suite Hotel – Real estate mortgage/loan for a suite hotel.

Hotel/Motel: Convention Hotel – Real estate mortgage/loan for a convention hotel.

Hotel/Motel: Flagged Motel – Real estate mortgage/loan for a flagged motel.

Hotel/Motel: Independent Motel – Real estate mortgage/loan for an independent motel.

Industrial: Light – Real estate mortgage/loan for a light industrial complex.

Industrial: Manufacturing – Real estate mortgage/loan for a manufacturing complex.

Industrial: Office/Warehouse – Real estate mortgage/loan for a warehouse office.

Industrial: R&D – Real estate mortgage/loan for a research and development complex.

Industrial: Warehouse: Multi-Tenant – Real estate mortgage/loan for a multi-tenant warehouse.

Industrial: Warehouse: Single-Tenant – Real estate mortgage/loan for a single-tenant warehouse.




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