| Commerical Mortages Definitions |
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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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