Whether you're dealing with specialized facilities or mixed-use properties, providing the correct property type helps ensure a smoother process on Lender Spotlight. Below are the property types we list for commercial loans.

Agricultural
Are properties are used for farming activities such as crop production, livestock raising, or similar operations. Loans for these properties often have specific requirements due to their specialized nature.

Facilities

Refer to buildings used for specific purposes like warehouses, daycare, event spaces, or community centres. These properties often need customized financing based on the intended use.

Healthcare

Buildings being financed for use such as hospitals, clinics, nursing homes, and other medical facilities. Commercial loans for healthcare properties may involve unique considerations due to regulatory and operational needs.

Industrial

The types of financing include manufacturing plants, and distribution centres. These buildings are designed for production, storage, and logistics, making them eligible for specific types of commercial financing.

Land

A raw piece of land that can be used for future development or agriculture. Loans for land often come with distinct terms depending on the planned usage.

Mixed-use

These types combine residential, commercial, or industrial spaces within the same building. A common example is a building with ground-floor retail shops and residential apartments above.

Multi-unit

Consist of several residential units (more than 4 units) within one building but are classified as commercial if they have five or more units. These are often popular among investors.

Retail
Properties are buildings designed for selling goods or services, such as shopping centres, standalone shops, or malls. Loans for these properties are typically based on the business operations they house.

Other

Includes any property type that doesn’t fit into the standard categories listed above. These might be unique commercial properties with specialized uses.

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