What are Commercial Loans?
Commercial loansmay be a feasible investment choice for you. In fact, if you want to buy a property that isn't a one- to four-unit residential property, you'll almost certainly need a commercial loan.
Commercial loans feature higher interest rates and fees, as well as shorter durations and various qualification requirements.
The borrower's income is valued above practically everything else in residential lending; commercial financing, on the other hand, is far more focused on the property.
Your income, credit, and other personal financial indicators will still be examined by the commercial lender, but merely to get a sense of your financial capabilities. but in the vast majority of circumstances, the quantity of revenue a property creates is more essential.
Read more about Financing an Investment Property
