I worked in commercial lending for a little while and all assessments you've made on commercial properties is wrong. We (as do most) financials underwrite the business, not the property. If the business has several years of a solid, stable income as well as can afford it, we don't care. We just want a low risk borrower whom we just set and forgot until balloon renewal. Obviously we also don't just give out a loan to anyone with money either. There is no good investment in real estate unless youve got money to pump into them continually until your rents far outweigh even your personal expenses.