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What type of commercial property do you need to finance?
In Toronto, Ontario & all of Canada borrowing for commercial real estate or for construction loans are different from a home loan. Commercial real estate (CRE) is income-producing property used for business (rather than residential) purposes only. Examples include retail malls, shopping centers, office buildings, complexes, and hotels. We work with all financial institutions including TD bank, CIBC , Royal Bank of Canada (RBC), Scotia bank, BMO or private investor mortgage to get you the best rates
For Business Investment
Commercial Real Estate Loans
If you have never applied for a commercial mortgage before, you may be under the assumption that this is not too different from a residential mortgage. This is not so at all.
Unlike a lot of residential mortgages, commercial mortgages are not backed by a loan guarantor. This makes commercial business loans riskier for the lending institution. Therefore, lenders have no real choice but to be more conservative in their commercial lending practices which means they charge higher interest rates, more often want a larger down payment, and want more information about the business.
Get the best commercial loan rates
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We'll do the negotiations
For better rates on the market to
for your commercial business loans
documents you may need to produce
in order to complete the loan process
Papers, Papers, Papers
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1
A copy of any lease agreements
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2
Asset statements
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3
Incorporation documents (originals)
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4
The business owner’s personal financial records
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5
Tax returns and other financial statements going back 3 to 5 years