Ontario Commercial Mortgage
“Ontario Commercial Mortgage Landscape Is Very Diverse”
The Ontario commercial mortgage market has the distinction of being very diverse when it comes to commercial lenders actively providing commercial property financing in the province.
Because of the sheer size of the market, and its strength both maintaining strong property values and market activity, commercial mortgage lenders are drawn to it like flies to honey.
That being said, commercial lenders can also be coming and going from the market, depending on where their other interests lie as well.
For instance, its not unusual for U.S. based lenders to come into the Ontario commercial mortgage market to further diversity their portfolio.
And for the private mortgage lending segment, the commercial mortgage requirements under $2.0M can be very popular, especially within Toronto and the Greater Toronto Area.
With respect to regions in the province, there can be considerable disparity in terms of interested lenders at any given time and the rates and terms being offered.
There is no question that a commercial property owner within, or close to, the Greater Toronto Area, has many more potential financing options than someone more remote.
Another challenge with any commercial lender is that they are all driven by their portfolios and how in balance or out of balance they can be at any given time.
And when there is too much of a portfolio concentration in one type of commercial property and/or industry in one or more regions, you will see commercial lenders pull out of the market for a period of time, reducing the amount of capital supply available within certain slices of the market.
While for many business owners their Ontario commercial mortgage options can be considerable, it still can take a fair bit of time to get the mortgage financing you’re looking for in place.
And if you don’t focus in on the most relevant sources of commercial mortgage financing at any given point in time, its easy to waste a lot of time and money trying to get the right deal in place.
The best way to sift through all the available commercial mortgage options, and quickly zero in on the specific lenders that are going to be interested in your deal today is to work with an experienced commercial mortgage broker who can provide his or her market knowledge and expertise towards your mortgage requirements.
If you’re in need of a commercial mortgage today, or are just planning ahead for a future requirement, I recommend that you give me a call so we can go over your situation together and discuss different commercial mortgage financing strategies that can meet your needs in the time you have to work with.
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