Estimate the monthly payment, total interest, and amortization schedule for a commercial real estate loan used to purchase or refinance office, retail, or industrial property.
Commercial loans often use a shorter amortization period than a typical 30-year home mortgage, and some include a balloon payment due at the end of a 5-10 year term even though payments are calculated as if amortizing over a longer period.
Down payments for commercial real estate are generally higher than residential mortgages, often in the 20-30% range, though this varies by property type, the borrower's financials, and whether the loan is SBA-backed.
Both exist in the market. Some commercial loans offer a fixed rate for an initial period (such as 5 or 10 years) before adjusting, while others are fixed for the full term. Rate structure varies significantly by lender and loan program.