Commercial Mortgage financing is mostly divided into small business loan and large commercial loan. Typically less than five hundred thousand is considered as small business loan mostly rely on personal covenant. When mortgage amount increases, the commercial underwriter focuses on business performance with less emphasis on personal covenant. Whether you are buying commercial property or investment property or looking for refinance, there are number of critical factors to consider:
Personal Credit worthiness
Experience/financial capabilities of the principals
Business plans and competitive analysis
Detailed property information
Audited financial statements
Cash flow projections.