Commercial mortgage lender reveals six-figure funding strategy now
How It Works: The Mechanics of Commercial Mortgages
A commercial mortgage is essentially a loan secured by commercial property, such as office buildings, retail spaces, or industrial facilities. The process involves assessing the property's value, the borrower's creditworthiness, and the projected income from the property. Lenders typically offer loans up to 75% of the property's appraised value, providing businesses with the capital needed for growth. For instance, if a property is valued at $1 million, a business could potentially secure a loan of up to $750,0001.