My SBA Loan Pro Podcast

What Is A Single-Purpose Property?

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As its name implies, a single-purpose property is commercial real estate comprised of improved land with a building that has a single purpose or use as opposed to a building that has a multi-purpose or use.

The primary determining factor whether a property is considered single-purpose has to do with the design of the building and not the activity of the occupant though these often do coincide.



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My SBA Loan Pro PodcastBy Ryan Smith
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