Commercial mortgage loans are a type of loan used to finance commercial real estate properties, such as office buildings, retail spaces, industrial facilities, or apartment buildings. These loans are typically offered by banks, credit unions, or other financial institutions, and are secured by the property being financed.

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Commercial mortgage loans are different from residential mortgage loans, as they are typically larger in size, require more documentation, and have different terms and interest rates. They may also require a higher down payment, often ranging from 20% to 40% of the property's value, and have shorter loan terms, typically ranging from 5 to 20 years.

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Interest rates on commercial mortgage loans may be fixed or variable, and may be based on a variety of factors, including the borrower's creditworthiness, the property's location and condition, and the current market conditions. Loan-to-value (LTV) ratios may also vary, depending on the lender and the property being financed.

Commercial mortgage loans are often used to finance the purchase, refinancing, or construction of commercial properties. They may also be used to finance major renovations or to consolidate debt.

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It's important to carefully consider the terms and requirements of a commercial mortgage loan before applying, as they can be complex and have significant financial implications. Consulting with a loan officer from Parada Mortgage can be helpful in determining whether a commercial mortgage loan is the right option for your business.