Toronto Commercial Mortgage
“We provide Toronto Commercial Mortgage Financing For a Wide Variety of Projects and Funding Amounts”
A Toronto commercial mortgage can be required for an extremely broad spectrum of real estate property applications.
Even though there are far fewer commercial real estate loans issued each year compared to residential mortgage, the number of different types of commercial mortgage requests covers a lot of ground.
Some of the more common commercial mortgage financing applications include:
- Multi Family Unit buildings
- Apartment Building Financing
- Strip Mall Financing
- Mixed Use Building and Property Financing
- Condo Development Financing
- Construction Financing
- Warehouse Mortgage Financing
- Townhouse Development
- Subdivision Mortgage Financing
- Self Storage Commercial Mortgage Financing
- Income Property Mortgage Financing
- Office Building Financing
- Land Acquisition Mortgage
- Land Servicing Financing
- Bridge Loan Financing
Put another way, anything that is not a residential property by definition is basically a commercial property requiring commercial mortgage financing.
The main difference between residential mortgage programs and commercial mortgage programs is the risk associated to each by a Toronto commercial mortgage lender.
For commercial property loans, can be increased over residential for a number of factors including size of loan, location, and the resale market for the subject property in question.
While residential properties can be sold fairly quickly, commercial properties can be on the market months and even years before they can be liquidated. For a commercial mortgage lender that is in a foreclosure position, it can take a long time to recover the outstanding mortgage principal and can have significant operating costs involved in getting to a final sale.
In order to manage commercial mortgage risk, mortgage programs tend to focus on very narrow slices of the market so internal expertise can be developed on a particular type of property. As a result, there are numerous commercial mortgage programs on the market, many within the same company, each geared towards the requirements of a specific type of commercial real estate.
To locate and secure the right Toronto commercial mortgage lender that best fits your requirements at a given point of time can be daunting task. The best way to zero in on the most relevant sources and spend your time trying to secure mortgage programs that will best serve your needs is to work through an experienced Toronto mortgage broker who understands the local Toronto market and has well established relationships will a broad cross section of lenders.
If you have a Toronto commercial mortgage financing requirement, I recommend that you give me a call so we can go over your requirements together and discuss potential commercial mortgage options that would best meet your business needs.
Click Here To Speak Directly To Toronto 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