Commercial Mortgage in Kingston

Get the Best Commercial Mortgage Deal In Kingston

Are you looking to grow your business and expand? Perhaps you want to develop vacant land for multi-residential properties in and around Kingston. Whatever the case, Leo Ragusa is Kingston’s most trusted commercial mortgage broker you’ll ever find. Alongside his team at the Mortgage Professionals, Leo can help you secure the lowest commercial mortgage rates in Kingston and surrounding areas.

As the area’s commercial mortgage specialists, we can help you obtain a commercial mortgage in Kingston, quickly and conveniently. From commercial buildings to rental properties, we can help you secure financing for any type of property. We routinely work with some of Canada’s largest commercial lenders and can lock in competitive interest rates for a variety of fixed and variable rate mortgages.

Contact Leo today to get advice and help to get the best commercial mortgage

Commercial Mortgages

As a full-service mortgage brokerage in Kingston, we can help you obtain all of your commercial property financing needs. We realize that each business has its own unique requirements and we offer custom mortgage solutions suited to each client’s specific needs. To learn more about our solutions and how we can help you secure the best commercial mortgage interest rate, please contact us today.

We would be happy to meet with you and discuss the various mortgage options available. Leo and his team will respond to all inquiries in a timely manner.


Types of Commercial Mortgage Lending
You Can Apply For

Depending on the type of property you are seeking financing for, we can discuss the following types of commercial mortgages in Kingston and discuss what would work best for your situation.

  • Permanent long-term financing
  • Short-term bridge debt
  • Mezzanine
  • Preferred equity
  • Participating equity/joint venture equity
  • Hard money
  • Private note loans
  • High leveraged 1st mortgages
  • Senior and interim construction financing
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Types of Commercial Mortgage Properties

High-rise and mid-rise condominiums

Construction financing

Mixed use property development

Condominiums for rental purposes

Student housing developments

Mixed use property development

Other types of commercial-purpose developments

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The 3 Types of New Construction Financing

There are many other things to consider as well when planning to build your own home. Such as what type of construction mortgage in Kingston are you going to need? If you do not own the lot already, a construction mortgage can also be used to help finance the cost to purchase your land, will this be part of the equation? How much will you need of your own equity to get started? Who is going to build your home? These questions plus many more will need to be considered.

Commercial Mortgage Problems

It can happen to the best of us, if you happened to click on this link then you need some help fast. I have helped many people relieve the stress that comes from mortgage lenders and debt collectors.  These types of deals take time to get it done right so that I can put you in the right place and get you back on track.

If you are going power of sale then you need to contact me sooner than later as there are more options available. Mortgage lenders do not want to have to go power of sale because it gets expensive and is time consuming them.  However, they will if you give them no choice.  I do not judge and promise to get involved quickly to help you sleep at night.  Another thing to remember is that there is a lot of sharks out there that want to take advantage of your situation. I am here to help.

Commercial Mortgage FAQs

Commercial mortgages require higher down payments than residential mortgages.

If the property is considered lower risk, as would be expected of something like a multi-unit residential building or a commercial storefront with residential apartments above it, you will likely be able to get a mortgage with a down payment closer to 20%.

For properties considered higher risk, such as industrial properties and farm land, you can expect down payment requirements to reach nearly 50%.

Commercial mortgages are similar to residential mortgages in that they are secured against a property, but can also be used to expand an existing business using the property as a way of providing security for the loan.

Commercial mortgages also tend to have shorter terms than residential mortgages and higher interest rates.

Commercial mortgages are usually held by the incorporated business rather than an individual. The creditworthiness of the business rather than the individual will be assessed. This is often more complicated as businesses’ creditworthiness is often more complicated than a credit score.

The biggest hurdle for many businesses to get commercial mortgages is the much larger down payment, which can be up to 50%.

You will also need to provide documentation that your business will be viable in the long run and able to keep making payments on the mortgage.

The approval process for a commercial mortgage in Kingston can vary depending on the lender and the complexity of the loan. Generally, it can take anywhere from a few weeks to a few months to get approved for a commercial mortgage. It’s important to have all the necessary documentation ready and to work with a knowledgeable commercial mortgage specialist who can guide you through the process.

While having good credit can increase your chances of getting approved for a commercial mortgage in Kingston, it is still possible to get a loan with bad credit. However, the interest rate may be higher, and the loan terms may be less favorable. It’s important to work with a lender who specializes in bad credit commercial mortgages and to have a solid business plan and financials. Leo Ragusa here to answer for any questions you might have! 

The maximum loan amount for a commercial mortgage in Kingston will depend on several factors, including the borrower’s creditworthiness, the property’s value, and the lender’s lending criteria. Generally, lenders may offer loans up to 75 to 85% of the property’s value, and loan amounts can range from $100,000 to several million dollars. Those with higher credit can get a bigger amount of loan sanctioned by the lender.