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What is 'Owner Occupied Property?'

"Owner-occupied " property is a term that describes any business that owns a building that operates its business out of that same building. The business does not have to be the sole tenant but usually must occupy at least 25%of the rentable space. The following properties are commonly financed:

Multi-purpose Properties

  • Professional Office
  • Office/Warehouse
  • Light Industrial
  • Distribution
Limited/Special Purpose Properties
  • Hotel/Motel (franchised properties)
  • Free-standing Restaurants (franchise &non-franchise)
  • Free-standing Retail

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