Commercial Loan Tips and Frequently Asked Questions

Applying for a Commercial Loan requires a different mindset than financing a residential property.

Approval is primarily based upon the performance of the income property. Is it able to generate enough profit for the investor to feel confident the loan will be paid, the buildings maintained, and all other financial obligations will be met?

Once the merits of the project are proven to be an acceptable risk, the investor will focus on the credit worthiness and experience of the borrower.

Has the borrower managed similar projects in the past, or is this a new business without any history to go by?

Does the borrower have enough capital in reserves? How has he managed his personal and business finances in the past?

Please check out the Commercial Loans FAQ's to gain a better understanding of the application process.