Commercial Mortgages
If your business is looking to grow and requires working capital, or you are acquiring commercial real estate, our commercial brokerage can assist you. We work closely with business owners, their accountants, and legal, to meet immediate credit needs while providing consulting services.
Commercial Mortgages For Your Business
Whether you are acquiring commercial real estate, constructing commercial/industrial buildings, seeking CMHC funding, or looking for working capital for your growing business – we’ve got you covered. We work closely with business owners, accountants, and their legal team to satisfy their credit needs. The greatest value comes from the consulting we provide to ensure your business is debt efficient, and focussed on growth.
We have offices in Edmonton, Calgary & Surrey to facilitate your commercial mortgage in Alberta or BC, Canada.
Properties Types Viewed as Commercial:
Properties that are commercial zoned are the only properties that are regarded as commercial. These properties comprise of offices, industrial warehouses, ground level retail, and multi-residential properties (of five or more units). Furthermore, the property you want to invest in needs to be situated in an active rental or resale market.
Listed below are some of the property types that can get commercial financing:
- Restaurants
- Multi-residential properties
- Mixed commercial and residential properties
- Hotels
- Office structures
- Malls
- Warehouse/Industrial spaces
- Gas stations
- Marinas
- Self-storages
- Retail stores
- Vacant land
- Golf courses
- Special use facilities
Qualification Criteria for Commercial Mortgages
Commercial mortgage loans need a number of criteria to be fulfilled like:
- Credit score – Your individual credit rating as well as your business’ score are going to be verified.
- Debt to service ratio – It is the affordability calculation lenders use to determine qualification.
- Business type– The terms and conditions of a commercial mortgage depend on the nature of business along with the property you intend to invest in.
- Down payment – Contrary to a residential mortgage, your up-front payment needs to be between 20-35% or even 50% based on the dimensions of the property.
- The situation of your business at this moment – You have got to convince loan providers that your current business is thriving and will keep up a constant profit for the period of your loan. In case your business is not yet functional, a business plan with in-depth financial projections is needed to prove that your business is going to be profitable in the long term.
Time it Takes for a Commercial Loan to Close
If compared to their conventional alternatives that can close in 90 days approximately, commercial mortgage loans, on the other hand, can take anywhere from two months to one year to fund. Apply now so one of our experienced commercial mortgage brokers can find you the best mortgage product sooner rather than later.
How Can We Help With Commercial Mortgages?
We have got an extensive list of commercial loan providers ready to earn your business. No matter if you’re thinking about buying a small startup or perhaps financing a multi-family real estate project, we have the appropriate Commercial Lenders Canada for your needs. Our financiers will not just provide you with the best possible interest rate; they will furthermore customize your loan to suit your company’s requirements. In many cases, our financiers will compete for your companies’ business.
After our commercial advisor receives your application and has reviewed all the necessary paperwork, you would be presented with the best product available in the Canadian mortgage marketplace based on your qualification. We make every possible effort to make sure that the entire process runs effortlessly to help you accomplish your goals without problems or delays.
Our clients are business owners, self-employed sole proprietors, investors and professionals looking to buy, sell or refinance commercial properties.
Get Started With A Commercial Mortgage
We have a dedicated, experienced Commercial Mortgage Broker Team that specialize only in this field. They will:
- Assess Your Needs
- Collect Paperwork
- Run Assessments
- Send to Best Suited Loan Provider
Working with a dedicated Commercial Mortgage Broker will save you time and money so that you can focus on your business.
Contact us today for a consultation and discover the best commercial mortgage options tailored to your business needs.
Fill out our online form to get started!