In terms of the basic qualifications, there is typically no difference between the two and many mortgage brokers can work on client applications for both commercial and residential mortgage requests.

The biggest difference with a commercial mortgage broker that describes themselves solely in that way is the singular focus they have on working commercial property financing projects.

A commercial broker will spent their time developing relationships with commercial lenders that look at specific industries and geographies in order to better match up their borrower clients with best potential options for commercial financing.

This will include having a good understanding and working knowledge of how to effectively apply for funding as well as what needs to be avoided to acheive success.