Commercial real estate loans almost always takes much longer to process than what the typical commercial real estate lender will disclose. In fact, the three big lies are, "My Mercedes is paid for," "I'll love you in the morning," and "It will take only 45 days to process your commercial real estate loan." Yeah, right. The reason commercial real estate loans take so long to process is because the narrative appraisal alone will typically take at least 45 to 60 days. A narrative appraisal is a 100-page report that includes all three approaches to value - the income approach, the cost approach, and the market approach. Most commercial real estate lenders require a narrative appraisal. Therefore, when you apply to a commercial real estate lender for a commercial real estate loan, you need to be able to translate what your loan officer tells you. Your commercial loan officer is not actually lying to you. He is merely speaking commercial mortgage-ese, the language of commercial real estate finance. In the language of commercial mortgage-ese 45 days translates to 90 to 120 days. If you really need to close a commercial real estate loan faster than 90 to 120 days, you will need to apply to a private money lender (hard money) for a bridge loan. Bridge loans are short term commercial real estate loans, typically 6 months to a year in term, that are fast but expensive. They are used to bridge the gap in time between when a commercial property owner needs his money and the time when a permanent loan can be funded. The reason why bridge lenders can often move so fast is because they will often perform their own internal appraisals. You can apply to hundreds of bridge loan lenders for commercial property in just four minutes using C-Loans.com. | 
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