Suppose your business is already generating more than a sustaining income but still needs additional funding to grow. In that case, a commercial mortgage loan will be able to help you expand your business and help you lessen costs. But the real question is, how much could you potentially borrow? The answer to that question […]
Business loans like commercial mortgages usually require a personal guarantee, especially if they are unsecured without collateral. But if you are hesitant to put your assets on the line for your business, there are not many options. The good thing is that there are a few lines of credit and business that you can apply […]
People in the business of buying and selling commercial real estate are likely familiar with Commercial Mortgage-Backed Security (CMBS) loans. CMBS is a type of fixed-income security loan that uses commercial real estate as collateral. These loans are typically for commercial properties, such as hotels, offices, apartment buildings, malls, and factories. This type of loan […]
Do you have a growing business, and you want to expand? Has the rate of renting become too expensive? If so, you might want to know that you can apply for a commercial mortgage to help finance your business expansion and reduce your rent expenses. Here’s everything you need to know about this type of […]
Commercial mortgage in Canada is always an option for homebuyers who want to own a house. Availing it is one way you can get funding to purchase or improve a commercial property. It is a primary financing option that you can get to jumpstart a new business venture or to improve on one that you’ve […]
The continued demand for multifamily and industrial properties during the coronavirus pandemic has created a domino effect on the rising need for commercial real estate mortgage and other financing options. Based on the most recent Collier’s 2021 Global Investor Outlook survey, 98% of commercial real estate investors plan to develop their portfolios in 2021. Twenty-three […]
Finding yourself a good mortgage originator is one of the most important things you need to do before buying a home or refinancing one. This is because getting a home loan is probably the largest financial transaction you will ever make in your life, and you have to be more than prepared for it. Therefore, […]
Every time new mortgage rules take effect, changes also happen in the mortgage origination world. For example, at the beginning of May this year, the Office of the Superintendent of Financial Institutions or OSFI in Canada declared that they would increase the qualifying rate for homebuyers with a down payment of 20% or more. This […]
Applying for a commercial mortgage in Canada is not just about acquiring funds for a property you found. It is also about doing a lot of research to know if you have found a “commercial” property and getting the right kind of loan for it. There are as many types of commercial real estate as […]
Despite the coronavirus pandemic, there is an increasing demand for commercial real estate that could not be overlooked in Canada and elsewhere in the world. Due to the increased demand from food delivery services, eCommerce, home improvement retailers, and even medical supply companies, the warehousing, fulfillment, and logistics sections of the industrial real estate sector […]
