Commercial Mortgages in Canada
Contact us today to learn about our commercial mortgage options and how we can help you finance your business property.
Your Commercial
Mortgage Broker
You might choose to get a commercial mortgage for various reasons, such as help with purchasing a property, support expanding your business operations, tax purposes, or help with access to capital. The Jason Anbara team looks forward to discussing your situation, with the objective of identifying a solution that aligns with both your personal and business requirements.
When considering your commercial mortgage options, working with a trusted team like ours means you can have access to various lenders. Amongst these options, we can secure you the best rates and terms that you can easily meet.
With a fixed-rate mortgage, the interest rate is set at the beginning of the term and remains the same throughout the entire term of the mortgage. With a variable-rate mortgage, the interest rate fluctuates based on the prime lending rate. Our team can assist in navigating these changes, providing you with the best possible guidance to align with your financial goals and risk tolerance.
A bridge mortgage is a short-term loan that is typically used to finance the purchase of a new property before the sale of an existing property is completed. Our team's expertise ensures seamless assistance throughout this process, enabling you to repay the loan promptly upon completion of the existing property's sale.
A construction mortgage is used to finance the construction of a new commercial property. The funds are typically dispersed in stages as the construction progresses. The expertise of our team guarantees rigorous supervision during every stage, delivering a smooth and cohesive financial experience for your construction project.
Commercial Mortgage Rates
When working with commercial mortgages, our team understands that the rates are of increased concern for our clients. We’ll focus on getting you the best deal, depending on the lender and your needs. Generally, fixed rates can range from 2.49% to 4.99%, and variable rates can range from 1.99% to 3.49%. A bridge mortgage interest rate can be between 6% to 12%, while construction loans typically have higher interest rates than other options, with rates ranging from 5% to 12%.
How it Works
We’ll walk you through the commercial mortgage process with precision so you can secure a loan that can ultimately help grow your business.
After obtaining your basic information, the application process can proceed to the next steps with ease.
Our team analyzes interest rates from over 67 lenders to find the most optimal options available.
Upon discovering the most favourable rates, we will assist you in comprehending the details associated with the available products.
After you have selected the most suitable option, we will proceed with your application.
We will keep you informed about the possible timeline, and before you know it, your commercial mortgage will be approved.
Frequently Asked Questions
- One of the main benefits of a commercial mortgage is the ability to own a property that can be used for the business's operations.
- A commercial mortgage provides access to significant capital, which can be used for a variety of business purposes.
- Owning commercial real estate can provide tax benefits, which can help reduce the overall tax burden on the business.
- Determine if a commercial mortgage is right for your business: Consider the purpose of the mortgage, your ability to make regular payments, and the potential benefits and risks associated with the mortgage.
- Determine how much you need to borrow: This involves evaluating the value of the property, the down payment required, and any other costs associated with the mortgage, such as closing costs, legal fees, and appraisal fees.
- Work with a mortgage broker: Our team can look for reputable lenders that offer commercial mortgages and compare their rates, terms, and requirements.
- Gather documentation: Lenders will require various documents, including financial statements, tax returns, business plans, and property appraisals.
- Submit your application: We’ll help you complete the lender's application and provide the necessary documentation. The lender will evaluate your application and make a decision on whether to approve the mortgage.
- Close the loan: Once approved, you will receive a commitment letter outlining the terms of the mortgage. Once you agree to the terms, you will sign the necessary documents and pay any closing costs or fees.
Apply Now and
Get Approved Today
As a business client, we understand securing a commercial mortgage is incredibly important to your operations. We’ll make the process seamless so you can get back to focusing on your company.