When applying for a commercial real estate loan, there are several reasons why the loan may be rejected. Here are the top 10 reasons why a commercial real estate loan may be denied:
Insufficient credit history or low credit score: Lenders will typically check the credit history of the borrower and co-borrowers, and a low credit score can be a red flag.
Lack of experience or insufficient assets: Lenders will also look at the borrower's experience in the real estate industry and their assets. If the borrower does not have enough experience or assets, the loan may be denied.