Commercial mortgages are riskier and more complicated than residential mortgages since borrowers of a commercial mortgage are no longer individuals but businesses. On-going concern and profitability of a business need to be evaluated from all aspects.
Financial statements are key to qualify for a commercial mortgage. they tell the viability of a business.
Commercial properties as a collateral are as important as financial statements. Lenders look at their market value and ability to produce income carefully to ensure loans are secure enough.
Finally, personal guarantee from the directors and officers of a business is necessary for a lender to approve a commercial mortgage.
The above tells why you need a specialized commercial mortgage broker.