Types of mortgages for a commercial building?

I am trying to buy a mixed use building (5 residential units and 2-4 commercial stores) in NJ. I know that commercial mortgages are a small different from home mortgages (i.e. there are no 30 year loans).

What different types of mortgages are available for purchasing a building like this?

Also, the money borrowed to buy a home is called a mortgage, is it also the same term used for buying a commercial property?

Related Financial Planning Posts

• What Are Bad Credit Mortgage Loans ?
• Bad Credit Mortgage Loans – Are They Possible?
• Commercial mortgage loans, Hard Money or FHA- Lenders bidding you decide
• Can i get a mortgage for a plot of land?
• Why does Bank or England base rate effect my mortgage rate when the BOE does not lend money to banks?
• Federal Home Loan Bank Sues Over Mortgage Securities (Update3)
• If I already have student loans, what is the best way to get additional money for school and living expenses?
• Do FHA mortgage loans interest rates vary by lender or are they the same across the board in your area?
• Bad Credit Mortgage Home Loan Personal Dept Consolidation Refinance Credit Card Auto Loans Car Loans And Many More Type Of Loans Visit Us Now And Apply Online Guaranteed Approval
• Personal Finance & Money Management : About Bank Rates on Personal Loans

Tags: commercial mortgages, commercial stores, home mortgages, Loans, money, mortgage, residential units