Sunlite's commercial Mortgage financing section offers bespoke structuring and tailored funding requirements for investors and developers of Ontario commercial real estate. We are members of over 60 lenders, which means we can offer you favorable interest rates and guide you through the intricacies of choosing the best terms of cooperation for your next commercial development.
In the following sections, you will get to know What Exactly is a Commercial Mortgage.
A commercial mortgage is a credit facility obtained by mortgaging commercial real estate rather than residential. Business real estate financing aids in acquiring, building, or rehabilitating retail shops, offices, factories, apartments, hotels, multifunctional complexes, and other income-generating facilities.
Like residential mortgaging, commercial mortgages entail the use of the property and building as security for the advance. However, commercial loans have significant differences such as high down payments, stringent regulations, fluctuating interests as well as the generic 5-10 years loan period.
Benefits of Engaging a Mortgage Broker.
Partnering with an experienced commercial mortgage broker like Sunlite Mortgage provides key benefits for borrowers, including:
Multiple lending sources – Our affiliations with over 60 lenders mean we eliminate the need for you to search for the right lending solution that aligns with your profile.
Instead of leaving it to chance, let our competent brokers apply their experience in commercial lending, offering details in matters such as loan application, documentation, and closure.
Un_bound capital – Where conventional financing methods apply restrictive conditions to working capital financing or equipment finance leases, the brokers at Fthreads get to understand the plethora of capital sources available, and work to structure optimal solutions within the client's risk profile, affordability, and long-term strategic objectives of their business.
Commercial mortgages available from us consist of the following:
Sunlite Mortgage therefore introduces comprehensive information concerning different types of commercial real estate used by investors, developers, and business people in Ontario availing commercial real estate loans.
Commercial Term Loans – These are middle-term credit with fixed monthly installments with stated terms usually over five years or more at the end of which the balance is due or rewritten. It is used for stabilized structures Employed at stabilized buildings.
Commercial Construction Loans – These are also known as commercial build loans and they are used for financing commercial ground-up construction and development projects and the funding is progressed in specific stages. In Sequential financing, lines of credit or takeout financing for policy repaid on completion of construction is arranged.
Commercial Bridge Loans – Such agreements offer financing to the borrowers, who require immediate financial help in the absence of long-term financer options. The loans are repaid every time permanent financing is achieved and is an essential requirement for most acquirers.
Sunlite Mortgage – Become a Member
Whether you are interested in a commercial mortgage to acquire, build, renovate, or refinance a commercial property in Ontario, our brokers at Sunlite Mortgage are ready to assist. Call us today to get specific financing options that will meet your business needs and your wallet.
