Qualification for a commercial mortgage depends largely on the type of property or building that is being applied for. For a more in-depth look at qualifying commercial properties please check out our commercial loan type page.
Despite some specifics on certain properties there are general criteria for qualification. As a business owner it is important for you to be able to show that your company has an appropriate debt to cash ratio. Even a company with a poor credit rating can still receive a commercial mortgage if the primary owner can show good personal credit as well as sufficient liquid assets.
Additionally, your company will need to show a continued and stable pattern of profitability as well as plans for future growth. This might include, but not limited to, copies of your business plan, earning projections and long-term business goals.
For a more detailed and personalized assessment of commercial mortgage qualifications please email or call 510-339-2121 today and speak with one of our commercial loan specialists.