Commercial Mortgages

If you need to finance a building with more than 6 apartments, or more than 25% commercial use, you probably need a commercial mortgage.

RateMiser Mortgage Advisors have access to a full spectrum of commercial lenders that can be tapped to efficiently and expediently address the financing needs of your projects.

Commercial Lenders generally fall into 3 categories;

Short-Term Profit Lenders
($250,000 - $20Million)

These are the most flexible lenders in the commercial space and are prepared to act quickly to finance projects with high appreciation potential in the short run. Thiswould include construction projects and fixer-uppers. These lenders will usually capitalize their fees (add them to the mortgage) and charge interest-only payments to minimize the debt service burden. The catch? They also tend to have higher fees and interest rates. So the best way to use these profit lenders is to get your project completed and leased out to the point that a long-term lending partner can be attracted to refinance and pay them out.

Small Commercial Lenders
($100,000 - $1.2 Million)

These lenders are positioned to provide an entry point for projects for borrowers with straightforward buildings and strong personal credit. There are a range of rates and terms available in this space, but for those who are new to commercial financing, the entry costs and terms for a commercial loan can be intimidating.

Long-Term Lending Partners
($1.2 Million and Up)

These large commercial lenders will finance larger mainstream mortgages at competitive rates. These are the lenders to shop for once your property is up and running, and fully leased. The interest rates are competitive, but the terms, up-front costs and documentation requirements are usually strict.

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