Commercial Mortgage Loan is a type of commercial loans, which is secured against commercial real estate. Means, commercial property is used as collateral to secure repayment against the allotted loan. Commercial mortgage loan is almost similar to residential mortgage loan, in case of commercial mortgage, collateral is commercial property rather than residential property.

Below are basic features of the commercial real estate mortgage loan:

• The mortgage loan is typically taken by business instead of any individual
• The borrower may be a partnership, small business entity, incorporated business, or limited company
• Lender’s income or benefit is the interest that he charges on the amount of loan provided to borrower
• Acquiring commercial mortgage loan is more complicated rather than residential mortgage loan
• In case of failure in repayment by borrower, the lender have the right to seize the collateral
• After paying off the loan, lender neither can seize the property nor can he claim for any deficiency

You can get mortgage loan from any Government guaranteed institutions or any other private institution. But better is that you apply in any Government approved institution. This type of loans is good for lender to secure the repayment of loan.

Due to terms & conditions, lenders don’t take much time to get agreed to provide loan. The reason behind this is that the terms & conditions of loan make repayment of loan much secure.