How to get the best commercial mortgage lenders

Commercial Mortgage Lenders – Let us find the best lender for you
Commercial  lenders provide loans against business or commercial real estate. These loans are usually provided to businesses rather than individuals, and commercial  rates are usually higher than those applicable on residential mortgages.
A commercial loan is usually underwritten almost entirely on the basis of the attributes of the real estate being mortgaged, rather than on the credit profile of the borrower.
However, applicants for commercial  loans also have to meet the criteria for qualification. This usually means that your business must be creditworthy and you must have a high personal credit score. Assessing the creditworthiness of a business is more complicated than checking the credit of an individual.
Most lenders apply a low loan to value (LTV) ratio to ensure that applicants invest more of their own money in the purchase. Commercial  loan lenders usually provide loans ranging from 55 percent to 70 percent of the value of the property.
The debt service coverage ratio is also used by  lenders to determine whether you can afford the commercial real estate loan payments. This is the ratio of the monthly net cash flow generated by the property, to the loan payment to be made every month.
Commercial real estate lenders normally ask for business plans and long-term financial projections to determine whether you have the capacity to repay the loan. A commercial lender may impose restrictions on how the property can be used, and certain types of business may be excluded. 
Some commercial property loans are nonrecourse, which means that the lender can seize the property if there is a default, but has no further claim on the borrower if there is any deficiency. This is often supplemented by a personal guarantee to pay the debt in full, if the property is foreclosed on and does not pay for the entire outstanding loan.
Commercial lenders may require that the property be owned by a single asset entity like a corporation, which is created specially to own the property being mortgaged.
This allows commercial  financing lenders to foreclose on the property even if the borrower files for bankruptcy. A lender would have a hard time selling  residential property if a bankruptcy case is pending in the court.

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