Office Commercial Mortgage
How do you finance your office space in Vancouver?
When purchasing office space for your business, you may require a commercial mortgage, to support your investment.
Despite variations in vacancy and absorption rates in the office market, office space financing for operating companies intending to occupy the space is healthy and vastly available for BC businesses.
In most cases, at Crete Capital, we see our clients purchase their office properties in a separate real estate holding company. This real estate "holdco" also carries the debt and is considered the Borrower. The operating company will sign a lease agreement with the holding company and make monthly payments to the entity similar to an arms length transaction.
What allows for advantageous commercial mortgage terms in this scenario is the Corporate Guarantee provided from the operating company to the lender to support the commercial mortgage. The typical security structure includes a General Security Agreement and a first charge Collateral Mortgage on the property to be financed. To learn more about commercial mortgage security structures click here.
Joey and Dmitrii jumped to my help last minute when I was trying to navigate financing with multiple institutions. They gave timely, professional and accurate advice. They really care about the client and what they do. Could not recommend them more!"
-Leena Yousefi, CEO
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.