When my neighbor told me of his plans to open up an internet company, I was excited for him. He had worked for the same internet company for fifteen years and they had never given him a raise or promotion. I had told him many times that he just needed to leave and start his own business.

He had finally taken my advice and had already found a great office space to put it in. He had also contacted a commercial mortgage broker to start the loan process to purchase the office space. He told me that he was unsure if he would be approved or not.

The commercial mortgage broker had found some great loans with some great mortgage rates that would be best suited for him, but they wanted him to put down twenty percent for a down payment and he only had fifteen percent on hand. I told him that I would see what I could do to help.

I ended up giving him the other five percent and became a silent partner in this new venture of his. The commercial mortgage for the office space was approved about a month later and he was also able to secure one of the great mortgage rates that had been discussed earlier.

I have learned enough about commercial mortgage loans in the last two months, to last me a lifetime. If I ever need one, I will be able to do it with a blindfold on.