Lifeline Financial has a number of both institutional and private mortgage lenders in a network that are available to fund commercial real estate projects in Ontario.
Mortgage broker at Lifeline Financial also provides debt consolidation, credit repair services across North York, Scarborough, Mississauga, Brampton, Vaughan, Markham, and Toronto.
Commercial Mortgage is a mortgage loan taken on a commercial property. This type of mortgage is usually assessed by incorporated businesses or partnerships more so than individuals. There are a number of types of properties that can be classified as commercial properties
1. Residential properties can be financed as commercial properties if they are purchased for investment and if they are many ie
- Pure residential 1-4 units or more
- Mixed residential commercial units
2. Office Buildings
3. Retail Properties
4. Strip malls
With a commercial mortgage, the most important requirement for financing is the cash flow generated by these properties. Their value is determined by their cashflow.
If you are in the market to acquire a commercial property, contact Lifeline Financial.
Use the mortgage calculator provided online by Lifeline Financial.