St. Catharines Commercial Mortgage
“St. Catharines Commercial Mortgage Financing Available From Bank And Private Lending Sources”
St. Catharines commercial mortgage financing from an institutional source will have a strong cash flow requirement to support mortgage repayment. The most basic requirement of cheaper forms of money is the presence of historically proven and documented cash flow. While the underlying security value is also going to be important, cash flow is the key ingredient necessary for any bank or conventional commercial property loan.
Private mortgage lenders, while also concerned with cash flow, are going to have their primary focus on the market value and marketability of the real estate. Private lenders are most concerned with the exit strategy in place to pay them out at the end of the loan or commercial loan term.
While cash flow and security are by far and away the major criteria for commercial lenders, there can be a host of other factors that can weigh into a a particular application for mortgage financing for a commercial property.
Because commercial real estate covers such a broad category of property types, most commercial mortgages end up being a customized financing application with the mortgage lender trying to fit the subject property into their specific lending box which tends to be very rigid and inflexible.
St. Catharine commercial property lenders will also have a varying interest in property types over time as the work to manage risk in their overall portfolio. Too much concentration in any one industry or property type in a location will likely see the specific lender show less interest in a property they may have been eager to finance months earlier.
With all the different types of lenders in the Ontario market, each with their own commercial mortgage financing programs and shifting requirements, it can be rather difficult for a business owner or property owner to figure out what commercial mortgage lender will be interested in financing their requirements and who will potentially provide the best available deal at a given point in time.
One of the best ways to successfully navigate the market is by utilizing the services of an experienced commercial mortgage broker who stays on top of changes in the market and individual lender financing practices.
If you need a St. Catharines commercial mortgage, please give me a call so we can go over your situation together and discuss relevant commercial property financing options that can meet your requirements.
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