Direct answer: If your commercial mortgage matures in the next 12–24 months, begin commercial loan refinancing now. Assess DSCR, current NOI, and property value, then match options: conventional bank refinance, SBA 504/7(a) for owner-occupied, bridge loan, or private credit. Explore extensions with your current lender, and model costs like prepayment, fees, and reserves. Key Takeaways - Start 9–12 months before maturity to preserve leverage and options. - Aim for DSCR of rou

Direct answer: If you are buying or refinancing an owner-occupied commercial building, SBA 504 typically offers lower fixed rates for real estate and equipment with a split-lender structure, while SBA 7a provides more flexibility for mixed uses like goodwill or working capital. Choose based on use of proceeds, rate type, fees, timeline, prepayment, and DSCR/LTV fit. Key Takeaways - SBA 504 vs 7a: 504 excels for long-term, fixed-rate real estate; 7a wins on flexibility and bl

Commercial real estate financing is the set of loans and capital structures used to buy, refinance, renovate, or hold income-producing and owner-occupied commercial property. The main options are conventional bank loans, SBA 504 and 7(a) loans, bridge loans, seller financing, hard money loans, and private credit. Lenders mainly look at the property's income, the borrower's strength, and the loan structure. What are the main types of commercial real estate loans? Conventional