Commercial Mortgages

Commercial mortgages from 750 different commercial lenders can be obtained using C-Loans.  Simply complete the commercial mortgage mini-app, select six commercial mortgage lenders, and then press, "Submit."  And C-Loans is free!  Click here for commercial mortgages.

Commercial mortgages are usually made these days by commercial banks.  Most hard money lenders will also make commercial mortgages.  Most of the other lenders, such as conduits, REIT's, savings and loan associations, thrift and loan associations, and CDO lenders are no longer making commercial mortgages.  Therefore, commercial property owners with good credit looking for commercial mortgages should first apply to a bank.

Commercial mortgages are underwritten based on the net rental income of the commercial property.  What this means is that the net monthly income of the commercial property must be at least 125% of the proposed payment.  This ratio is called the debt service coverage ratio.  Debt service coverage - the ability to make the monthly payments - is the limiting factor for most commercial mortgages.

Banks underwriting commercial mortgages will also look at the loan-to-value ratio.  This ratio must not exceed 75% in theory, and many banks are so nervous about making commercial mortgages today that they will limit their commercial mortgages to just 58% to 63% loan-to-value.  Braver banks will lend up to 75% loan-to-value.

The key to shopping for commercial mortgages is to use a commercial mortgage portal, like C-Loans.com.  A commercial mortgage portal allows you to complete one, easy, mini-app and then to submit it to hundreds of banks willing to make commercial mortgages.  Here are some tips that will help you place your commercial mortgages.

Tips for Placing Commercial Mortgages

1. When applying for commercial mortgages, always include some nice, color photo's of your commercial properties.
   
   
2. If the borrowers seeking commercial mortgages have good credit, you should submit their commercial mortgages to a bank.  Commercial banks are making most of the commercial mortgages these days.
   
   
3. Large commercial mortgages should be submitted to large commercial banks.  Small commercial mortgages should be submitted to small commercial banks.  Match the size of your commercial mortgages to the size of the commercial banks.
   
   
4. Banks make most of their commercial mortgages close to home.  Take San Francisco commercial mortgages to San Francisco commercial banks.  Local lenders are more comfortable because they know the area.
   
   
5. Banks like the borrowers on their commercial mortgages to have lots of cash in the bank.  Consider refinancing the borrower's home before applying for commercial mortgages so that your borrowers appear to have lots of cash in the bank.
   
   
6. When applying for commercial mortgages, use a commercial mortgage portal, like C-Loans.com, because you can easily submit your commercial mortgages to dozens of commercial mortgage lenders.

Commercial mortgages from 750 different commercial lenders can be obtained using C-Loans.  Simply complete the commercial mortgage mini-app, select six commercial mortgage lenders, and then press, "Submit."  And C-Loans is free!  Click here for commercial mortgages.

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