Real Estate World

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Reason Number One for commercial mortgage loan and business loan disapprovals: The commercial lender will not make a commercial loan for the kind of business involved or imposes special conditions that make the commercial property loan impossible for the borrower. As one common example, fewer lenders are providing commercial real estate financing for restaurants and bars.

Strategy Number One for converting the disapproved business loan into an approved commercial mortgage loan: For most business owners, there are reasonable commercial loan options beyond traditional commercial lenders.

Auto service businesses are frequently given unnecessary (and expensive) environmental reporting requirements. There are many special purpose properties such as funeral homes, campgrounds and churches that most traditional banks will not include in their business lending portfolio.

There are action-oriented non-traditional commercial lenders that will offer commercial mortgage loans for most special purpose commercial property situations. The best business financing could be available only from a non-traditional lender when a traditional lender won't provide the necessary commercial real estate loan.