We Offer Commercial Mortgages in Vancouver, Too!
Commercial properties have never been hotter than they are right now in Vancouver; and that’s one of the reasons why they’re so difficult to obtain – especially if you’ve tried going to a bank to get one.
Banks and other mortgage lenders have very stringent lending guidelines when it comes to commercial mortgages in Vancouver, and it’s much harder to be approved for a commercial mortgage than it is a residential one in this city. Major lenders are usually most willing to approve one for income-producing properties such as multi-family apartment buildings, than they are storefronts or industrial buildings. This is because buildings that are owned and then leased in exchange for a rental fee are seen to be much more stable and secure than other types. Properties however, that are simply to be occupied with a business running out of them are seen as much more volatile in the mortgage market. Because of this, they can be harder to obtain and can come with a long list of requirements.
But you don’t have to go through all that. At CMI Capital, we’re commercial mortgage brokers in Vancouver that can help you wade through the process, and get the very best commercial mortgage that’s right for you. We’ll show you how to gather your income statements and figures to show lenders that your business produces enough profit to afford a commercial mortgage. In most cases this, along with existing equity and a good credit rating, are all that’s needed to get a commercial mortgage in Vancouver.
When you need to find a commercial mortgage in Vancouver, don’t leave it to chance and hope that the lender you picked is the right one for you. It can be extremely hard, and extremely costly, to switch commercial lenders once you’ve signed onto a mortgage with them. And we’re here to make sure that doesn’t happen. When you choose CMI capital as your commercial mortgage broker in Vancouver, we’ll work with our extensive list of commercial lenders to get you the mortgage deal that’s best for your business so that you can get it right the first time.
Because getting a commercial mortgage can be difficult. And you shouldn’t have to do it more than once!