Ontario Commercial Mortgage Broker
“We Are Ontario Commercial Mortgage Brokers Providing Commercial Property Financing Solutions To Our Clients”
As an Ontario Commercial Mortgage broker, my goal is to deliver the best commercial property financing solution that can be put into place with the time you have to work with.
Taking into account your requirements and time lines is a very important aspect of commercial property financing due to the amount of time the process can take with any given lender, and the portfolio constraints that can be in place that can limit a commercial lenders ability to place incremental funds into the market.
So the key first step with with any commercial mortgage financing request is to accurately assess the needs of the borrower or property owner, and then identify relevant financing options that are available at time the funds will be required.
As an Ontario Commercial Mortgage Broker, the initial assessment step of the borrower’s needs is critical to set the process going in the right direct where the expectations of borrower, lender, and broker can all be aligned towards success.
And after performing an initial assessment of the financing request, there are times when I don’t have a lending solution that meets the requirements of the lender, and if that’s the case its better to determine that quickly so that neither borrower, broker, or lender are wasting any time on a financing request that cannot be completed.
This is arguably the biggest signal challenge with business mortgage financing … matching up commercial property financing requests with relevant lenders.
Unfortunately, large amounts of time can be wasted applying to lenders that have a low probability or even no probability of providing funding.
This can lead to missed funding timelines and deal collapse, which can be very costly to the potential borrower both in the short and long term.
As a Ontario commercial mortgage broker, my focus is on providing a proven process for locating and securing commercial mortgages that doesn’t guarantee success, but increases the probability of getting the financing you’re looking for in the time you have to work with.
By committing to the process, odds of not only getting funding, but funding that fits your requirements and needs will increase considerably.
There is always risk in the process as well as each commercial mortgage is really a customized lending solution as rarely are two scenarios ever exactly alike. Combine that with the number of people that are going to potentially be involved in providing input into the deal, including third party service providers such as lawyers, accountants, appraisers, environmental consultants, and so on, and potential complexity that you may have to manage through can be considerable.
But with the help of an experienced Ontario commercial mortgage broker, you will be able to navigate the market place and individual lender application processes more smoothly and efficiently.
If you have a commercial mortgage financing requirement in Ontario, I suggest that you give me a call so I can go through the initial assessment process with you and discuss different commercial property financing strategies that may be available to you.
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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