Industrial Commercial Mortgages
How do you finance your Industrial Property in Surrey, BC?
The Industrial asset class in Surrey, BC such as in areas of Campbell Heights, Newton and Cloverdale is a sought after sector for lending institutions. The commercial mortgage terms will vary depending on whether you have an operating company supporting the purchase such as for owner-user financing or as an investment property mortgage. How much of a down payment do you need for a commercial property in BC? In both cases, the primary driver of loan amounts or loan-to-value (LTV) / loan-to-cost (LTC) is cash flow. Cash flow may be considered as lease income from a tenant and/or operating cash-flow from an operating business. Ultimately, the down payment you need may be as low as 0%! To learn more about operating company / Owner-User commercial mortgage financing structures Click HERE. The underwriting standards of commercial mortgages vary and are very much negotiable. These terms depend on the strength of the borrower, specific asset class, how the opportunity is presented to lenders and the amount of competition at the table. To obtain best in market terms, competition is a major factor in creating negotiation power as with many other traditional businesses. CONTACT US to book a video call consultation to learn more about your commercial mortgage options. |
"Very experienced, awesome service and great rates."
-Clayton Olivier, Director FB Valley |
Crete Capital is a specialized commercial mortgage broker based out of Vancouver, BC. Our team leverages our knowledge and relationships with top Canadian commercial banks to help you secure best in market terms and conditions for your commercial property financing needs and business growth.
