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Commercial Loans : Owner Occupied

 


Owner Occupied Special-Use
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Owner occupies > 51% for their business use. Special-use is commonly associated with properties that are either designed for a particular type of tenant, or are modified for use by a particular type of tenant. they are not suitable for multi-use (used by a wide variety of tenants, such as an office, retail or industrial building). The modifications are significant enough that future users of the property would have to incur significant costs for conversion to their use. 

Typical Properties:

  • Restaurant
  • Bar of Nightclub
  • Self Storage
  • Car Wash
  • Automotive Dealership
  • Automotive Repair (if pits or other permanent modifications made to the property)
  • Assisted Living Facility
  • Nursing Home
  • Senior Housing
  • Funeral Home
  • Entertainment Facility
  • Movie Theater
  • Bowling Alley
  • Water Parks

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