Commercial Mortgages

A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. Here are few points to be noted:

1. The loan-to-value ratio may be lower for a commercial mortgage, meaning less of the total value of the property is covered by the loan. 
2. The interest rate on a commercial mortgage is higher than on a residential mortgage.
3. Insurance for a commercial property is more complicated than with a residential property.