A commercial mortgage (or business mortgage) is simply a loan secured against a property used for business purposes. It provides a flexible and affordable solution that gives you access to capital, and is normally considered the best way to finance the purchase of buildings or land for business purposes.
Commercial mortgages can be used for a variety of different business applications. The most popular purpose is the purchase of a business premises, whether purchasing an existing business, or starting a new one. You can also acquire a business mortgage to expand an existing business. Both of these purposes are often referred to as 'own use' commercial mortgages.
If you are looking to make an investment into a commercial or residential venture or project, you can still acquire a business mortgage or loan secured against property or land. Business mortgages can also be used for commercial or residential property development projects.
Like most secured property loans, a commercial mortgage entitles the lender to have legal claim over the property until the loan has been fully repaid. The commercial property or land can be repossessed and sold if the repayments are not made, in order to repay the outstanding mortgage balance.
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Source: http://www.articlealley.com/article_133983_15.html
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