To help you effectively list your loan services for various property types, we've outlined key definitions for common commercial categories. This guide will assist you in accurately showcasing your offerings, ensuring you connect with the right clients looking for financing in areas such as agriculture, healthcare, industrial, and more
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.