A Commercial Real Estate (CRE) loan is a type of financing used to purchase, refinance, or improve property that is used for business purposes, not personal living. This includes properties like office buildings, apartment complexes (5+ units), retail centers, warehouses, medical buildings, hotels, and mixed-use properties. Unlike a residential mortgage, a CRE loan is based primarily on the income the property generates rather than the borrower’s personal income alone. Lenders evaluate the property’s cash flow, value, and the borrower’s experience and financial strength.