Commercial Mortgage Financing

Commercial Mortgage Financing Does Not Have To Be Difficult

We provide commercial mortgage financing in Ontario for:

  • Apartment Buildings
  • Office Buildings
  • Retail Malls
  • Mixed-Use Properties

Commercial mortgage is different from residential. The structure of commercial deal is more complex and requires proper presentation.  The key to successful transaction is to know suitable lenders for type of building that we are financing. Although, there are variety institutions that might consider financing particular property, only a few that will be able to complete mortgage financing, due to changes in internal guidelines, cash reserves, portfolio allocation etc. Most importantly, lenders that do not specialize in certain building types may charge you interest rate that will be significantly higher.

Funding ratio is another obstacle that makes it more complicated to arrange commercial mortgage without having reliable sources and relationship. Even if your property meets lender’s guidelines, they may give you a verbal acceptance, but their funding ratio of commercial deals will exceed portfolio requirements and you will not receive the financing. In some cases, you can wait for the final commitment several weeks but will not get financing until commercial funding ratio will change. This may jeopardize your purchase, refinance and construction schedule and will lead to money lose.

Commercial mortgage financing takes longer to arrange. Our job is to present it correctly; we review your application, then suggest necessary changes and modifications, indicating missing files and gather as much information about your property as we can.

After assessing your property and presenting to the right lender, we will receive approval with various conditions. The most common and time consuming are commercial appraisal and environmental assessment.

Lenders with lowest commercial mortgage rates will impose more conditions. That is why property owners need to contact us as early as possible prior to purchase, renewal or end of construction.

If you need a commercial mortgage, your first step should be to give us a call so we can review your situation and provide with the most competitive commercial mortgage financing.

Commercial Mortgage Financing Terms Available:

Loan Amount: the loan amount can range from 65 to 85% of the appraised value, depending on the quality and type of the property. We will finance deals as little as 500 000 dollars and as much as 50 000 000 dollars and more.

Interest Rates: both fixed and floating interest rates are generally available

Terms:            1 to 20 years.

Amortization  up to 30 years.

Commercial mortgage: Oakville, Milton, Toronto and surrounding areas.

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