Below are some examples of some real-world commercla mortgages. They represent some of the most common financing options that you'll likely come across. Please don't hesitate to reach out if you would like an assessment of your particular sutuation.
$24,000,000 Conventional First Mortgage, Interest Rate @ 3.50%, 10 Year Term, Amortization 40 Years,
Funded in February 2019
Conventional Equity Take-Out Mortgage of $14,000,000, Interest Rate @ 3.95%, Interest Only Payments with a 24 Month Term
Low Down Payments Available, with Low Interest Rates, as Owner-Occupation Reduces the Lender's Risk
Inventory Financing for 25 Residential Units, Loan of $13,000,000, Interest Rate @ 5.35%, 24 Month Term
Land bought for Imminent Development normally can be Financed up to 65% Loan to Value, as the First Step in the Development Process
As the Second Step in the Development Process, Construction Financing is Available from Breaking Ground until the Take-Out Mortgage
Copyright © 2020 DLc - BlueTree Mortgages - West
R. Mike Mullin, CPA, CGA - Licensed Commercial Mortgage Broker, throughout B.C., specializing in Commercial Mortgages, Investment Mortgages, ICI Mortgages, Re-financing Mortgages, CMHC apartment building mortgage insurance, Multi-Family Mortgages, CMHC Multi-Family Mortgage Correspondent for Purchases, Re-financing & Construction Mortgages Based on Vancouver Island, serving All of BC.
Vancouver, Victoria, Nanaimo, Comox Valley, Courtenay. Comox, Port Alberni, Campbell River, Port McNeill, Port Hardy
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