Commercial Mortgage in Oakville

If you’re a company looking to acquire commercial real estate for your business operations, it’s crucial to find a commercial mortgage that meets your needs.

The trained financial specialists at eMortgage Solutions have the expertise required to provide you with many viable financing solutions and lending options in Oakville. Our team will help you secure competitive commercial mortgage rates with terms that work for your circumstances. We will gladly advise you on the best course of action to make it happen.

Let us negotiate with dozens of potential lenders on your behalf. Get in touch with us now at (416) 258-0156 to get started. We can answer many of your questions over the phone, but we always recommend scheduling an in-person consultation for the best results.

What Does a Commercial Mortgage Mean?

A commercial mortgage is when an incorporated business gets a loan to obtain, refinance, or renovate a commercial building. This type of mortgage loan is secured by the property in question, as the lender can seize the building if the borrower cannot make their mortgage repayments. A commercial mortgage can go towards:

  • Office buildings
  • Industrial warehouses
  • Apartment complexes
  • Shopping centers
  • And more!

How Does a Commercial Mortgage Work?

If you want to take out a commercial mortgage loan, you must meet the set criteria. Our mortgage brokers will go over essential aspects of your business to gage your borrowing capacity and overall credibility. Lenders will always assess:

  • Net operating income
  • Financial projections
  • Credit history
  • Down payment

Other points to consider are the type of property you’d like to purchase as well as the profitability of your industry. All of these may change the rates and terms offered, and our experts can help you figure out the best qualifiable funding for you.

What Deposit Is Needed for a Commercial Mortgage?

As mentioned above, a down payment, or deposit, is required to secure a commercial mortgage. As a qualifying borrower, you can usually expect to pay between 25% to 40% upfront. Our brokers will be happy to advise you on how much to put down.

How Many Years Is a Commercial Mortgage?

A commercial mortgage can range from 3 to 20 years in length. Since it is considered a precarious loan, the lender will expect you to repay it in the short term. For this reason, the average commercial loan term is no longer than 10 years.

How to Get a Commercial Mortgage?

When you’re in the market for a commercial mortgage, having a brokerage firm on your side is the first step to success. Make sure your credit is in order, and your business is lucrative and secure, and contact us at your earliest convenience to start the application process.

Contact our Commercial Mortgage Brokers Now

eMortgage Solutions’s mortgage professionals have the connections, knowledge, and expertise to help you navigate the funding process seamlessly. We’ll be sure to show you all the options available to you and come up with a plan of action to negotiate and acquire the best rates and terms from lenders in Oakville.

Ready to get started? Give us a call now at (416) 258-0156 to set up a no-obligation consultation.