Commercial Mortgage in Kingston

Get the Best Commercial Mortgage

Are you looking to grow your business and expand? Perhaps you want to develop vacant land for multi-residential properties. Whatever the case, Leo Ragusa is Kingston’s trusted commercial broker. 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 brokerage, 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 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.

WHAT WORKS BEST?

Types of Commercial Mortgage Lending

Depending on the type of property you are seeking financing for, we can discuss the following types of commercial mortgages 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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HELP WITH FINANCING FOR

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

CONSTRUCTION MORTGAGES

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 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.

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 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 than you need to contact me sooner than later as there are more options available.  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

How much is a downpayment on a commercial mortgage?

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%.

 

How does a commercial mortgage work?

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.

 

How do you qualify for a commercial mortgage?

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.