Barrie Commercial Mortgage
“Let Us Help You With Your Barrie Commercial Mortgage Requirements”
These days, a Barrie commercial mortgage can take some time to get into place, especially when you’re working with bank or institutional commercial mortgage lenders.
Not that commercial mortgage financing has even been very fast in getting completed, but since the start of the recent recession, things have gotten even slower. Banks and other institutional lenders are being more conservative in their approach to lend money these days, taking their time to review all available information and asking for additional third party verifications in many cases.
Add to this the higher standards coming into place with environmental liability regulations and you end up with a process that can seem like a turtle derby at times.
If you’re starting the commercial financing process today and want to get something done in 30 days, unless you’re refinancing or renewing your mortgage through your existing commercial lender, the only real option you have is to locate and secure a private mortgage to meet your requirement. Private mortgages will also require considerably more information on commercial mortgages compared to residential, but for deals under $2,000,000 there are a number of private mortgage lenders that can get the deal assessed and funded in a one month time period provided all the required information is available.
The biggest challenge with looking for a Barrie commercial mortgage, or a commercial property loan in any location, is spending too much time with commercial mortgage lenders that are either not able to complete the transaction or are not motivated enough to do so at the time of your application for whatever reason. Its easy to invest several weeks in a commercial mortgage application process before you realize that the process is going no where and you’re left to start all over again, not really knowing what actually went wrong.
The best way to increase the chances of getting the commercial mortgage you need in the time you have to work with is to work with an experienced commercial mortgage broker that provides services in the Barrie and surrounding area. A seasoned mortgage broker will help you navigate the market quickly zero in on the most relevant sources of commercial property financing for you’re particular property and financing requirements.
If you need a Barrie commercial mortgage, I suggest that you give me a call so we can go over your scenario together and discuss different commercial mortgage financing strategies that can work for your business.
Click Here To Speak With Commercial Mortgage Broker Joe Walsh
About the Author Joe Walsh
I'm a Toronto Mortgage Broker that arranges mortgage solutions on residential and commercial real estate property. With over 30 years of mortgage financing experience, I'm able to quickly assess your financing requirements and provide relevant solutions for your immediate consideration. Joe Walsh Google+ YouTube Channel