Have the standards for securing a Commercial Loan changed as the home mortgage loans?
Is it going to be more difficult to secure a 800K Commercial Building loan than say 6 months ago? I will be in the market for that kind of loan in the next week or two and haven’t a feel for the market right now.
Tags: commercial loan, stan, mortgage, loan, Building, Business Finance, Market, home mortgage loans, Have
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Commercial loans have not taken the same hits as residential. Underwriting for residential loans had become beyond ridiculous allowing everyone to get a loan, whether they could make the payments or not.
Commercial lending has been constant in its criteria, thus it has remained stable.