Dundas Commercial Mortgage
“Call Us Today For Your Dundas Commercial Mortgage Options”
In order to secure a Dundas commercial mortgage, the real estate property being financed needs to be properly matched up with a commercial property lender that will be interested in the property and has the lending programs to meet the needs of the business borrower.
The first step in the process for the property owner to develop a solid understanding of what will be available to them in the market place in relationship to their expectations. Sometimes the borrower expectations do not match up with the market which can result in a lot of time wasted chasing money that doesn’t exist or is unlikely to exist or become available in the time you have to work with.
The second step is to focus in on commercial property lenders that are not only interested in the specific property type and application, but have the programs and mortgage options that are most congruent with what the property owner is looking for. For instance, if a fast mortgage closing is required on a commercial property where a mortgage needs to be in place in a matter of days, then a private lender is going to be more relevant in that situation than an institutional lender due to the time its going to take to get a bank mortgage in place.
The third step is to make sure that the application package to put forward to a targeted lender will proactively answer most of their questions so that the application process and progress as fast as possible towards a positive result. Too often the property owner only wants to provide all the pluses of the property at the outset with the thinking that once a lender is interested then the rest of the information can be disclosed and explained if necessary. The challenge with this way of thinking is that with an incomplete application that looks positive on the surface, most lenders will be interested and will want to learn more. While this may sound appealing on the surface, it actually become a big time waster as one by one the lenders will fall off as more complete information is provided. If you’re focusing in on the right lender targets in the first place, then solid and complete information is going to get a positive result faster than trying to only start with the positive attributes of the application.
If you need a dundas commercial mortgage, I suggest that you give me a call so I can quickly review your requirements and provide relevant commercial mortgage financing options for your consideration.
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