Equity Mainly Matters: Your Leading Commercial Mortgage Broker in Canada
Unlocking Your Commercial Property’s Potential
Easy and Reliable Commercial Mortgage Solutions!
At Equity Mainly Matters, we simplify the process of securing commercial mortgages or equity takeouts for our clientele. Understanding the intricacies of commercial mortgages in Canada is our forte, ensuring you make informed and beneficial decisions for your property investments.
Understanding Commercial Mortgages
A commercial mortgage is essentially a loan secured against real estate that isn’t a residential property. It’s a significant financial decision, often representing one of the largest investments for Canadian investors. With your property as collateral, these mortgages provide the capital needed for your commercial property investments.
Our Services at a Glance
- Broad Spectrum Financing: Whether it’s an office building, retail space, industrial property, or mixed-use complexes, we cover a wide range of property types.
- Tailored Mortgage Solutions: We understand that each client’s needs are unique. Our team crafts personalized mortgage plans, ensuring you get a solution that fits your specific situation.
- Competitive Interest Rates: Access to a vast network of lenders, including banks, credit unions, and private lenders, allows us to offer competitive rates for all types of commercial mortgages.
- Streamlined Application Process: We value your time. Our process is designed to be straightforward and efficient, removing the usual complexities involved in securing commercial financing.
Why Choose a Commercial Mortgage?
- Expansion and Growth: Leverage your property to expand your business or invest in new opportunities.
- Equity Takeout: Access the locked-in value of your property for other investments, renovations, or personal use.
- Refinancing Options: Optimize your payment terms and interest rates with our refinancing solutions.
How to Get Approved for a Commercial Mortgage
- Understand Your Needs: Assessing your financial situation and understanding the purpose of your mortgage is crucial.
- Gather Necessary Documents: From business licenses to property appraisals, we’ll guide you on all the required documents for a smooth application process.
- Consult Our Experts: Our team of specialized brokers is ready to assist you in finding the right lender and negotiating the best terms for your commercial mortgage.
The Equity Mainly Matters Advantage
- Unparalleled Expertise: With a decade of experience in the Canadian commercial mortgage market, we understand the nuances of commercial lending.
- Dedicated Customer Service: We pride ourselves on providing personalized service, ensuring that your commercial financing needs are met efficiently and effectively.
- Innovative Solutions: No matter the challenge, our team is committed to finding innovative and practical solutions for your commercial financing needs.
Get Started Today!
Unlock the potential of your commercial property with Equity Mainly Matters. Our team is ready to guide you through the complexities of commercial mortgages, ensuring you get the best terms and rates available. Contact us to learn how we can help you achieve your commercial property goals.
A Commercial Mortgage is available for the following types of properties
- Multi-Unit Residential (5 or more Rental Units)
- Retail Plazas, Strip Malls and Shopping Centres
- Office buildings and Medical Centres
- Industrial buildings
A Commercial Mortgage is not available for highly specialized Real Estate including:
- Hotels and Motels
- Social clubs and banquet halls
- Schools and places of worship
- Recreational Real Estate
- Car washes and Restaurants
- Properties that are currently vacant or being retrofitted
Home Equity Loans Approved In Less Than 24 Hours!
Borrow against the equity of your Property
WHAT CAN A COMMERCIAL MORTGAGE BE USED FOR?
A Commercial Mortgage can be used for the following purposes:
- For constructing a new office or location for the business
- For Renovations needed on the existing Commercial property
- For investments within the business
- For property development
If the borrower chooses to pursue a Commercial Mortgage, certain specific criteria’s will have to be fulfilled. These include:
- An adequate debt service coverage ratio.
- A good personal credit score as well as evidence of business creditworthy.
- Current business situation indicating that the business is up & running and profitable & steady.
- Future business plan and financial projections
- Type of business
- Type of property the borrower wants to purchase
- A down payment of anywhere between 35% to 50%
- A Commercial Real Estate appraisal report
- A site inspection by the lender
- Current rent rolls and list of tenants
- Leasing Agreements
- Income and expense statement
- Notice of Assessments (NOA) or T1 Generals for the past 2 years
- Business licence or articles of incorporation
A Commercial Mortgage can be financed through the following types of loans:
- Private Mortgage
- Second Mortgage
- Mortgage Renewal
Outside the Mortgage amount the following costs will also have to be borne by the borrower:
- Legal Fees include Attorney Fees, Research Fees, Title searches, and potential Court filings
- Property appraisal or property Valuation Fee
- Property condition Assessment Fee
I had a very pleasant experience working with Shawn Sef at Equity Mainly Matters Loans. We contacted Shawn looking for help in order to pay off our high interest credit card debts. Shawn made the process very easy for us by explaining the Mortgage loan details for the Debt Consolidation Mortgage Solution which he recommended for us. Shawn was actively present every step of the way and was very knowledgeable. I will definitely recommend Shawn to my peers due to his knowledge, professionalism and expertise.
Shawn is extremely passionate about his job. Shawn always demonstrates a positive and professional attitude. His easy going and friendly personality always makes the experience of working with him fun and stress free. Shawn made the entire Mortgage loan process very simple for me to which I’m thankful for. Shawn is very proactive and updates me on a regular basis in regards to my file.
Me and my husband had never worked with a Mortgage Broker before. I needed to consolidate all of my debts. I was paying high monthly interest fees to my creditors and my bank informed me that I couldn’t get approved with them because of my low credit score. Shawn did an excellent job by helping me consolidate and pay off all of my various high interest debts. I’m now debt free. My credit score has improved and I don’t owe creditors any monthly high interest payments. We went from paying $1,650 month towards our credit card debts and loans, to now paying only $520 month which helped us build up a good savings. Shawn rescued us from our creditors and helped us save an extensive amount of money for our families future.
As a first time home buyer, we required a Mortgage broker who was willing to be very patient with us and to explain every detail of the Mortgage loan process and provide us with as much information as possible. Shawn informed us of the exact required down payment amount (based on the types of lenders that we qualified for), fees, closing costs, Land Transfer tax etc. Shawn was very good in providing us with accurate rates, figures and calculations which we realized we could afford the monthly Mortgage payments and make the Home Purchase work. One other important factor was that Shawn kept on top of our file by updating the progress every step of the way which was very important to us. Shawn is very proactive which we appreciated!
Shawn helped our family obtain a low rate 2nd Mortgage from a Private Lender. Banks turned us down as we failed to meet their requirements for the stress test, income and credit criteria. However, Shawn was able to find various Private Lenders/Investors that were interested in making us an offer and we ended up taking a great offer for a 2nd Mortgage which made the most sense for us. We will definitely refer our family and friends to Shawn in the near future. I can’t say how much I appreciate all the time and effort Shawn put into our file.
Shawn demonstrates excellent customer service skills. He’s always very quick to respond to my emails and calls. Shawn helped me get approved twice in the past year alone and I hope to work with him again in the near future. Shawn was very friendly, attentive and dedicated his time and effort by providing me with solid knowledge, expertise and advice which in return helped the process of purchasing my first home very easy and stress free. Shawn even followed up on my behalf with my lawyer in order to finalize all the details. I would highly recommend his services.
From the first time I spoke with Shawn Sef, I felt comfortable and at ease which was due to his calm and patient personality and attitude. He was also very understanding and caring to our current situation and needs by providing the best course of action for us to take which made the most sense for our family. Shawn is very knowledgeable within the mortgage field and delivered exactly what he said he would. He even provided us with accurate closing/funding dates from day one. I would definitely recommend Shawn Sef to any borrower looking for a good
Shawn had helped my wife and I obtain a 2nd Mortgage from a Private Lender last year. We used the majority of the Mortgage loan proceeds to help renovate/upgrade our home. Once the refurbishments had concluded, we ordered a new appraisal and noticed that our house value had increased substantially. The following year, Shawn helped us refinance both our Institutional and Private Mortgages into a new low rate, 1st Mortgage with an A Lender (Bank) which is going to help us save an extensive amount of money in monthly payments moving forward. I’m very thankful for Shawn’s knowledge, skills and expertise within the mortgage industry which ended up helping us save thousands of dollars.
Frequently Asked Questions (FAQs) about Commercial Mortgages with Equity Mainly Matters
1. What is a Commercial Mortgage?
A commercial mortgage is a loan secured by commercial property, such as offices, hotels, or retail spaces. Unlike residential mortgages, it’s primarily used for business purposes.
2. Why Choose Equity Mainly Matters for Commercial Mortgages?
We specialize in providing customized mortgage solutions with competitive rates, comprehensive support, and access to a wide network of lenders. Our expertise lies in understanding and catering to your unique commercial needs.
3. What Types of Properties Qualify for a Commercial Mortgage?
We finance a range of properties, including but not limited to industrial buildings, retail stores, office spaces, apartment complexes, and mixed-use buildings.
4. How Much Can I Borrow with a Commercial Mortgage?
The loan amount depends on various factors including the value of the property, your business finances, and the loan to value ratio. Contact us for a tailored assessment.
5. What Documents Do I Need to Apply?
Typically, you’ll need business and personal financial statements, property appraisals, plans for the property, and sometimes, environmental assessments. We’ll provide you with a detailed list based on your specific situation.
6. How Long Does It Take to Get Approved?
The time can vary based on the complexity of your application and the type of property. We strive to make the process as quick and smooth as possible, often securing approvals within a few weeks.
7. Can I Get a Commercial Mortgage with Bad Credit?
Yes, options are available even with less-than-ideal credit. Private lending solutions or alternative financing options might be suitable for your situation.
8. What Are the Interest Rates for Commercial Mortgages?
Interest rates vary based on the lender, your creditworthiness, and the specifics of the property. We work hard to find the most competitive rates for your situation.
9. How Do I Start the Application Process?
Simply contact us at Equity Mainly Matters through phone, email, or our online form. Our experts will guide you through the initial consultation and document collection to get started.
10. How Can Refinancing My Commercial Mortgage Benefit Me?
Refinancing can potentially lower your interest rates, alter your loan term, or allow you to take out equity for other investments. We can assess your situation to determine if refinancing is the right move for you.