Commercial Mortgages

Commercial mortgages are a lot harder to place than home loans.  When you apply for a home loan, all you have to do is to satisfy a few ratios and mathematical hurdles.  For example, if your home loan request is less than 80% loan-to-value, your bottom debt ratios is lower than 32%, and your credit score is higher than 700, you're golden.  Your home loan application will almost certainly be approved.

The process of underwriting commercial mortgages is totally different.  Of course you still have to satisfy certain ratios - like the debt service coverage ratio, the debt yield ratio, the loan-to-value ratio, and the net-worth-to-loan-size ratio; but there are subjective factors as well. 

Is your commercial property located in a good area?  Are your tenants financially strong?  Are your tenants likely to renew?  These are subjective decisions that depend on the personal judgment of some fallable, moody, and unpredictable human being.  As a result, many commercial mortgage borrowers have to shop their commercial loan application to over a dozen different lenders, before finally placing the deal.

CommercialMortgage.com was therefore designed based on the reality that a great many (almost all) commercial lenders are fickle and unpredictable.  Using CommercialMortgage.com, you will therefore only have to fill out ONE application.  You will have dozens and dozens of different commercial lenders from whom to choose, and the selection process is as easy as putting a checkmark next to a lender.

It's no wonder that we have closed over 1,000 different commercial loans totaling well over $1 billion.