How do I purchase commercial real estate with a loan for private use?

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I am looking to purchase commercial real estate for private use with a loan. I want the property in my name and not a business name. Do I need to get a commercial property loan or can I get a standard mortgage through my bank? I’m curious to know what my options are.

  1. Reply
    April 30, 2011 at 12:26 am

    You get a commercial loan in your name. You can’t use a residential mortgage for commercial property.

  2. Reply
    Appraiser guy
    April 30, 2011 at 1:20 am

    You need a commercial real estate loan and it will be in your name, very few lenders will lend to a company, those are your options.

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