Commercial Mortgages for Small Businesses are notably different than Residential Mortgages.  Commercial Mortgages are based on three main criteria but there are many variables that can make those criteria flex based on the lender and their goals.  Yes... the Lender's goals.

In Residential Finance, my goal is to take the borrower's unique needs and match one of the thousands of Loan Programs from the hundreds of lenders to those unique needs. 

Commercial Mortgages are a little more complicated for the Lender and the Mortgage Broker.  Each lender prefers a different type of borrower, property and situation.  This means that much of their decision making is subjective.

Yes... sometimes decisions are made by whether the bank brass like the property, the borrower or even the story behind it. 

Lenders have all sorts of criteria by which they qualify businesses and individuals for a commercial loan... but a borrower can be denied for a loan simply because someone on the loan committee does not like something about the whole deal.

Needless to say, I make it my business to know where a potential borrower might fit.  What lenders work what niches; what lenders are just not good with certain property types and where is the borrower going to be happiest with the relationship that is created.

My Commercial Mortgage motto is:

"I like helping Small Businesses become Big Businesses".

Working with a Commercial Mortgage Brokers opens up the opportunity for  a small business to keep working on improving those revenues while there is someone working on their team to help them find the best lending relationship for them. 

If you are considering a purchase of Commercial Real Estate, call a Mortgage Broker that is comfortable and confident in commercial finance to help your business grow to the next level.

For more information on this topic, read Florida Commercial Mortgage | Loans for Small Business ~ Underwriting Methodology