Florida Owner Finance Commercial Property
Owner Finance is defined as: "A Contract for Deed or an actual Deed of Trust is provided at closing."
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Florida Owner Finance commercial property (also known as income or investment property) refers to buildings or land intended to generate a profit, either from rental income or capital gain.
Commercial property includes office buildings, medical centers, hotels, motels, retail stores, malls, industrial property, shopping centers, apartments, multifamily housing buildings, warehouses, storage buildings, garages, and farm land. In many states, residential property, containing more than a certain number of units, qualifies as commercial property for tax purposes and borrowing.
| Florida Owner Finance Categories for Commercial Real Estate |
| Category | Property type |
|---|---|
| Retail | medical centers, shopping centers, retail stores, malls, & public houses |
| Office | office buildings, high rises |
| Industrial | farm land, garages, warehouses, storage buildings, industrial property, industrial properties |
| Multifamily | multifamily housing buildings such as apartments |
The first three categories are the only ones classified as being commercial buildings. Residential Income Property may also be used to mean Multifamily Apartments.
PLEASE NOTE: Florida Owner Finance lists Farm Land under Owner Finance Real Estate.
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