Commercial mortgage loans, also known as commercial real estate loans, include funding for companies that seek to purchase commercial real estate. They aren’t the same as commercial loans because commercial mortgages are granted to companies that will make use of the property just for commercial reasons.
Commercial mortgages might have fixed or adjustable rates, that is what determines the category into which they fall.
Commercial mortgage lenders are only going to grant commercial mortgage loans to customers who will guarantee that property is going to be used solely for commercial purposes. Investors looking to acquire property for other reasons like lodging or personal residence are encouraged to seek traditional commercial loans.