Hi Mantriamarquez,
Why does he need more time & Money?
I think that those of you who are indoctrinated iin residential real estate have a misconception about commercial deals.
Let me try to clear up some of the misconceptions.
1- Threre really is not a big difference between the two. The loans are the same… Conventional, fixed, adjustable, neg am, interest only, construction, stated income, stated assets, etc. all work exactly the same for both residential and commercial loans.
2- LTV’s work the same for the most part. Although some types of properties cary higher LTV’s, it is generally because of risk factors like environmental issues or sometimes historical payback from different industries, but in essence they work the same.
3- There is a misconception that there are no 100% financing programs in commercial is a myth in some cases and inexperience or lack of creativity in others. We have some straight through 100% commercial financing programs and we also have what we call two stage hybrid financing which combines two or more loan types to create 100% financing. In other words, no down payment.
4- Most people think they have to be rocket scientists to do commerfdcial when actually it is easier for the broker to do it. I don’t know how other commercial companies work, but in our case, the broker or realtor simply submits a simple loan inquiry and they are done. One of the members of our review team takes the loan and does all of the work form there. Don’t you wish it were that simple for residential? No 1003’s to bother with, no 24 page doc packages for you to get your borrower to sign. No RESPA.\
5- The theory that commercial loans cost more is also not always true, although sometimes it may be. Although there is no RESPA to deal with, you still have to remain competitive.
6- Appraisals for commercial generally run from 1,500 to 2,500 for run of the mill properties, however, it can run a lot more. For instance, we just finished an 11 million dollar golf course deal where the appraisal cost to the borrower we over 100,000.
Appraisals are the longest part of a commercial loan. It generally takes 4 to 6 weeks for an appraiser to actually complete an appraisal from start to finish.
I hope this clears up some misconceptions.
If you have any questions, whether specific or general, please feel free to ask. We’ve been doing this for about 15 years and we’re getting the hang of it 
Jeff