Commercial Mortgage Financing

A Mortgage Broker Can Also do Commercial Mortgages?

Are you a property investor who has tried searching at all the banks for a commercial mortgage only to be turned down consistently?  Fear not, for you are in the right place.

Much of my business is in residential mortgages, but I have substantial experience and knowledge of the commercial lending field.  I work hard to get you the best approval possible on any property from rental buildings to warehouses, for construction financing or raw land.  I can do commercial mortgages anywhere in BC, and possibly outside the province.

What is the Process For Commercial Applications?

The process varies slightly from a regular residential loan in that it takes a little more time to receive a letter of interest, and all documentation is required up front before I can do any research.

Additionally, in most residential mortgages that I arrange, I do not need to charge fees.  However, in commercial financing, I do not receive compensation from the mortgage lenders and need to charge a fee.  My service in commercial mortgages is value-added in that you save yourself time looking for a mortgage, and you will likely obtain your financing faster.  This is an important consideration in commercial financing, as the time you will save in the arrangement of the mortgage could more than pay for any additional costs for arranging the mortgage financing.

What Other Costs Would I Face to Complete the Mortgage?

In commercial mortgage financing, the borrower is responsible for all fees including appraisal, environmental survey, cost consultant, and lawyers fees for both your lawyer AND the lender’s lawyers.  The interest rates for commercial mortgages are also generally higher than residential mortgages, and you will often require more of a downpayment to obtain a commercial mortgage, with a minimum of 15% down up to 35%+ percent down depending on the type of property and location.

Need a Commercial Mortgage?

Please complete the simple form below with your contact information and some general information about the project you are looking for mortgage financing for, and I will be in touch with you shortly.