Course 1.0 – Week 5 Lesson 1: Obtaining a Commercial Mortgage

Most people are familiar with residential mortgages from their experience in buying a home. New investors often assume that commercial mortgages are the same, and are surprised by the different terms and requirements. Here we will cover the main differences so that you know what to expect going into the process. For example, did you know that it’s not enough just to make your mortgage payments in a timely manner each month? The banks require much more than that for commercial properties. We will cover the other obligations included in commercial mortgages to ensure that you are ready for them when the time comes.