COMMERCIAL MORTGAGES
 
We help investors get a Commercial Mortgage for their property.

Commercial mortgages are loans taken out on commercial rather than residential real estate. They use the property as collateral and are designed as a flexible way to raise capital for businesses, entrepreneurs and investors who want to purchase or refinance income producing commercial properties.
 

Commercial mortgages can be taken out on a number of different properties, including offices and retail property. Some common commercial properties that mortgages can help provide funding for include:

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  • Multi-residential properties

  • Income properties

  • Bridge financing

  • Restaurants

  • Industrial properties

  • Office properties

  • Self-storage

  • Retail malls

  • Raw land financing

  • Start-ups financing

  • Debt consolidation

 

You may find that the mortgage process is complicated. Regional Mortgage Group is dedicated to help individuals and businesses obtain fair mortgage rates. If you’re looking for help improving your company’s commercial mortgage rate, we can help you. 

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What Affects Commercial Mortgages & How to Get a Good Rate

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If you choose to pursue a commercial mortgage, your company will have to satisfy certain criteria. Because the value and risk associated with commercial loans is higher, there is a higher bar set as well. In order to improve your commercial mortgage rate in Calgary, you need to take the criteria below and make sure you meet certain standards.

Debt service coverage ratio (DSCR)

This is the ratio of cash available to the required loan payments; the higher the ratio is the easier it will be for you to get a loan. A DSCR greater than 1 means you are able to pay your current debt obligations, while a DSCR less than 1 means you cannot. A mortgage professional will be able to calculate your DSCR ratio and help you find ways to improve it.



Credit history

you need proof of a good personal credit score as well as evidence that your business is creditworthy. To ensure you get a good mortgage rate, you need to ensure you have good credit history.



Current business situation

Commercial lenders expect up-and-running businesses to be profitable and steady, so you may need to provide your business plan and financial projections. Some lenders have minimum net worth requirements that companies must meet, and the funds counted towards this must be liquid not equity. A mortgage broker will be able to go over your funds to determine if you meet such qualifications.



Type of business

Depending on your type of business and the property you want to purchase, the terms of your commercial mortgage will change. This can be a complex portion of getting a commercial mortgage, so it is advised that you talk to a specialist for help.



Down payment

Higher down payments are expected on commercial properties, and your risk profile (your company’s willingness to take risks) directly determines the down payment you’re required to pay. Often times, you’ll need to be able to make a down payment of nearly 50% for commercial mortgages. To get good rates, you can talk to a mortgage professional for advice.



Contact Us to Improve Your Commercial Mortgage Rate

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The mortgages brokers at Regional Mortgage Group have the experience, knowledge and understanding to help you get good commercial mortgage rates. To find out more, give the professionals at Regional Mortgage Group a call.

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