Commercial Mortgages Mississauga & Oakville
Commercial property is an essential investment for most businesses. Accessing competitive rates for your commercial mortgage reduces your monthly overheads, enabling business growth. Tajwar Rahman is an experienced mortgage broker who can help you access competitive rates for a commercial mortgage in Mississauga and surrounding areas.
About Commercial Mortgages
Before you begin business operations, you must invest in a commercial space. A commercial mortgage will help you secure a commercial property, defined as any property not for residential use. Many investors consider a commercial mortgage loan the largest investment they make – which is why it’s so important to understand your needs.
A commercial mortgage broker will offer competitive interest rates for your commercial property. You must supply a downpayment and make monthly repayments on your mortgage loan. If you fail to pay, your private mortgage lender could repossess the property, halting business operations in that location.
The property itself will be listed as collateral in your mortgage contract. However, you may be required to list multiple other assets as collateral when investing in your commercial property.
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Types of Commercial Properties
To help you understand what the commercial property mortgage is for, here are the kinds of properties you can purchase with the loan:
- Office units
- Apartment buildings
- Retail plazas
- Shopping malls
- Office Buildings
- Industrial
- Hotels
- Medical buildings
- Shopping malls
- Warehouses
- Land purchase & redevelopment
- Construction projects
How much equity can I take out from my commercial property?
Commercial mortgage brokers can seek mortgage rates from lenders who all have a loan-to-value threshold that they will lend up to. This is partly because lenders want to ensure that the borrower has enough skin in the game to be motivated enough to make their monthly mortgage payments on time and not default on the loans. They also want to be sure that there is enough equity remaining in the real estate that in case they will need to go through with a power of sale, they will be able to recoup 100% of their investments.
Types of Commercial Mortgages
Why Work With Me
Low Rates
I will negotiate for my clients to ensure they are getting the lowest rate in the market.
Fast Service
I pride myself on providing quick, easy & honest service. My clients always come first.
Bad Credit
I specialize in dealing with bad credit & bank declines. I turn a “NO” into a “YES!!”
Easy Application
*No credit checks without your permission. No complicated application! *Terms & conditions may apply.