Commercial Property Loan Lender

I’m always asked why an investor would need a commercial property loan lender when the phone book is filled with mortgage brokers. After all, if you entrusted the loan on your personal residence to a mortgage broker, it makes sense that you turn to that person for a commercial loan. Right? Wrong.

If you’ve been through the commercial lender review you’ll know very quickly that they are looking for more than an application in order to consider if you are a good candidate. Typical residential loans require pay stubs, bank account balances and maybe a personal information.

Commercial and investment loans will require all the above, plus financial information such as Profit & Loss of your business or projected profits and expenses for your investment. Calculations are strict in their guidelines and need careful consideration to assure their accuracy. You will also need tax returns as well as help with their interpretation. Considerations maybe granted with plausible explanations as to losses and poor credit.

You will also need an appraisal, but commercial appraisals are different and require an experienced company with a solid ability to see market conditions from many angles. You’re not going to get many of these services or the expertise needed with traditional residential loan brokers. If you want the best chance of getting your loan funded, get experts in your type of property.