Commercial mortgages are loans typically designed for purchasing, refinancing, or developing commercial properties. Some popular examples of commercial properties consist of office buildings, retail spaces, industrial properties, multi-family residential buildings, and other commercial real estate.

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Commercial mortgage loans are generally larger than residential mortgages so that they can vary from hundreds of thousands to millions of dollars, depending on the property's value and the borrower's financial profile. Interest rates for the commercial mortgage is typically higher than residential mortgages. Interest rates can be fixed or variable.  The loan to value (LTV) usually ranges from 65% to 85% of the property's appraised value although every business case may be treated differently by the lender. A lower LTV ratio requires a larger down payment from the borrower.

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