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Unlock the potential of your business ventures with our specialized commercial mortgage solutions. Whether you’re looking to acquire new property, expand your current operations, or refinance existing commercial debts, navigating the complexities of commercial financing is a critical step.
At The Mortgage Doctors Oshawa, we understand the unique challenges and opportunities presented by commercial real estate investments. Our dedicated team offers personalized service and expert advice, tailored to your specific business objectives and investment strategies. Let us partner with you to secure the financing you need to grow and thrive in the competitive market landscape.
Securing the right commercial mortgage can be the difference between a good investment and a great one. Here’s why discerning investors and business owners choose us for their commercial financing needs:
We specialize in creating customized mortgage plans that align with your business goals and financial realities, offering flexibility and foresight.
Our in-depth understanding of the commercial real estate market equips us to provide you with insights and opportunities that others might overlook.
Access to a wide array of lenders ensures that you receive the most competitive interest rates and favorable terms available in the market.
From application to closing, we prioritize efficiency and clarity, demystifying the complexities of commercial financing and keeping you informed every step of the way.
The path to securing a commercial mortgage involves several critical steps, each requiring careful consideration and expert navigation. Our approach simplifies this journey:
Discuss your project and financing needs with our team to outline your objectives and review your options.
Provide detailed financial documentation for your business and the investment property, allowing us to assess your eligibility and tailor your financing options.
Complete and submit your loan application, including all necessary documentation and property details.
Upon preliminary approval, we conduct thorough due diligence, including property appraisals and legal reviews, to finalize the loan terms.
Entering the realm of commercial mortgages generates a host of questions. Our FAQ section is meticulously curated to address your most pressing queries, from understanding the differences between commercial and residential mortgages, to navigating the application process, to strategies for securing favorable terms. This section aims to provide you with a comprehensive understanding of commercial mortgages, empowering you to make informed decisions tailored to your business’s growth and success.
A commercial mortgage is a loan secured by commercial property, such as office buildings, shopping centers, industrial warehouses, or apartment complexes. The property can be used for business operations, rental income, or both.
Commercial mortgage rates are typically higher than residential rates due to the perceived increased risk associated with commercial properties. Rates can vary widely based on the property type, borrower’s creditworthiness, and the loan’s terms.
Commercial mortgage terms can range from 5 to 20 years, with the amortization period often extending beyond the loan term. The exact terms depend on the lender, property type, and borrower’s financial situation.
Down payment requirements for commercial mortgages generally range from 20% to 35% of the purchase price, depending on the lender’s policies and the type of commercial property.
Applicants typically need to provide financial statements for their business, the property’s income and expense records, a business plan, personal financial information, and details about the property being financed.
Yes, commercial mortgages can be used to refinance existing properties, allowing owners to access equity, reduce interest rates, or change loan terms.
The commercial mortgage process can take anywhere from 45 to 120 days, depending on the complexity of the deal, the lender’s requirements, and the due diligence needed.
Many commercial mortgages include prepayment penalties, which vary based on the lender and the specific loan agreement. It’s important to understand these terms before signing.
Lenders assess the borrower’s credit history, the financial health of the business, the quality and location of the property, and the property’s income-producing potential.
To secure the best deal, prepare comprehensive financial documentation, maintain a strong credit profile, and shop around to compare offers from multiple lenders. Working with a mortgage broker can also provide access to a wider range of lending options.
Our experienced team of mortgage brokers can determine your maximum mortgage amount, what your payments are likely to be and options that are available to you. Our goal is to find out our client’s mortgage needs and long term financial goals and provide solutions to meet those needs. Call us at (905) 404-8001 or (866) 452-1100 (toll free) for more information.
Oshawa, Ontario L1G 5N3
(905) 404-8001
(866) 452-1100
info@themds.ca
The Mortgage Doctors is Durham Region’s Mortgage Superstore. Our Mortgage Brokers use their expertises to advise and obtain approvals on mortgage financing that fits your mortgage needs.
Monday – Friday: 9AM – 5PM
Saturday – Sunday: CLOSED
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