Commercial Loan Glossary

Plain-English definitions for the financing options you'll actually encounter.

Fannie Mae Multifamily+

Freddie Mac Multifamily+

FHA / HUD+

USDA (Commercial)+

SBA 7(a)+

SBA 504+

CMBS (Commercial Mortgage-Backed Securities)+

Balance Sheet Loan+

Non-Bank Balance Sheet+

Nonrecourse Loan+

Bridge Loan+

Hard Money Loan+

Fix & Flip Loan+

Construction Loan+

Permanent ("Perm") Loan+

B-Note / Mezzanine / Preferred Equity+

Sale-Leaseback+

Land Lease+

Lines of Credit+

PACE Financing+

Low-Income Housing Tax Credits (LIHTC)+

DSCR Loan+

Equipment Financing+