Commercial real estate loans are financial products specifically designed to help individuals or businesses purchase, refinance, or develop properties used for commercial purposes. These properties can include office buildings, retail spaces, warehouses, and multifamily housing. Typically, these loans have different terms and conditions compared to residential mortgages, often requiring a larger down payment and having shorter repayment periods. Lenders assess various factors when approving a commercial real estate loan, including the property's income potential, the borrower's creditworthiness, and the overall market conditions. Interest rates can vary based on these factors, and borrowers may choose between fixed or variable rates depending on their financial strategy.