Definition: A general property type or building type classification characterized by its usage for office purposes. Typical subtypes include Suburban Garden Office, Suburban High Rise, Medical Office, CBD Office.
The millennial attitude toward work is very different than it was for Generation X or the Baby Boomers. While being extremely savvy with technology (we are the “Facebook” generation after all), millennials work to live, not live to work. Slaving away to prove our worth and escalate up the corporate ladder at a Fortune 500 company for 40-50 years until we finally retire is not the goal of our generation (no offense, parents and grandparents! ). Instead we are a generation of efficiency, technology, creativity, and experiences. While we understand the necessity of working to make money and provide a sense of accomplishment, we value our personal lives substantially more than the generations before us and the feeling of obligation to make an appearance at the office just to give a boss some “face time” has diminished over the last few years due to three very disparate reasons: 1) significant advancements in technology, 2) more “millennipreneurs” and telecommuters than ever, and 3) seeing how much our parents and grandparents missed out on in their lives. The combination of these three factors along with the worldview it has cultivated in the millennial generation will have an interesting effect on commercial real estate in the coming years – by increasing telecommuting and the freelance workforce, it is bound to also increase office vacancies in the cities millennials are most concentrated in.
In addition to its healthcare and special needs programs, the Federal Housing Authority (FHA) branch of the US Department of Housing and Urban Development (HUD) offers government guarantees on various types of multifamily mortgages through its Office of Multifamily Housing Programs. These loans are available for conventional apartments, low-income housing, manufactured housing communities, cooperative housing, and seniors housing. This type of loan is only for very seasoned commercial real estate investor/owners because of the extensive paperwork, reporting, reserves, and experience requirements.
We provide office commercial loans at low rates. Office commercial loans include conventional, CMBS, insurance, USDA, bridge, construction, and SBS commercial loans.
Office loan calculator - Calculate the maximum mortgage amount - Commercial and Apartment Loans - Financial Tools. Mortgage definitions, forms, etc.
Commercial Loan Direct offers conventional construction loans for commercial real estate properties, SBA-504 companion mortgages for transactions that are approved via the Small Business Administration, and FHA loans for apartment complexes construction. Property types eligible for construction financing are as follows: industrial, medical, mixed use, multifamily, office, retail, as well as self-storage.
CMBS loans can be used for the purchase or refinance for Commercial Real Estate properties, including Hotels, Industrial, Office, Multi-family, Medical, Mixed-Use, Retail, and Self-Storage
We provide CMBS mortgages at low rates for multifamily, hospitality, medical, mixed use, office, retail, and self storage properties.
