Mortgage Handbook

Commercial Mortgage Lenders

In addition to providing residential mortgages and home owner loans, most major banks and financial institutions also have a division that takes care of commercial lending.

These divisions handle the mortgage process for businesses and corporations, which is generally more complicated than the granting of home mortgages. This is largely because acceptance of a commercial mortgage application is done on the basis of a corporation's credit history, as opposed to that of any one individual.

Just as with any mortgage, commercial mortgages are backed by real property, usually an office building, retail space, or some other kind of commercial real estate.