- Building with 6 or more multi-units
- Office Building
- Nursery
- Industrial building, warehouse
- Retail business
- Restaurant, bar, hotel
- Retirement home
- Land for construction project
- More services...
Commercial mortgages are loans made to commercial property owners. This type of mortgages can be used for any type of business, but they are most commonly used for buying land and buildings, or refinancing them. Commercial mortgages are generally given by financial institutions, such as chartered banks and credit unions that have special expertise in this area.
Commercial mortgages are a type of investment property mortgage. However, the rates are highly dependent on the specific mortgage, property, and borrower conditions. For example, mortgages on stabilized properties with well-funded and reputable borrowers will get better rates than riskier mortgages on pre-construction condo developers with a short history.
If you are looking to invest in business real estate, you may be wondering about the best type of mortgage for your needs. Business mortgages can be tailored to meet a variety of risk profiles and provide interest rate savings over residential mortgages. Get answers from the experts and determine whether a commercial mortgage is the right solution for you.
- If your business is owned or occupied, there are several financing options available to you.
- Depending on the area in which you operate, you will have access to different repayment terms.
- Depending on your project and your needs, you can choose between fixed or variable interest rates.
- Different government programs can help you get more funding.
With our in-depth knowledge of the rules and various options concerning fund, our brokers will help you maximize your demand for financing and present a compelling file. You will get your business fund and your cash more quickly and without any long delays. In addition, through our extensive network of traditional and non-traditional lenders, you will be offered extremely competitive rates!
In short, rest assured that the Phenix team will put all its experience and expertise to ensure your success.
