Avatar's Blog

» Commercial vs. Residential Property

Posted on 1/22/2005
Commercial property technically refers to a property that is being used for commercial, industria, research or other, non-residential purposes. For Avatar's loan criteria, however, any property that is not occupied by the owner as a primary residence can serve as collateral for a hard money or bridge loan. If you have a question as to the validity of the property for a commercial loan, simply ask yourself; "Does the borrower live there?". If the answer is no, the property is suitable.
Posted in Miscellaneous