With the Canada Mortgage and Housing Corporation’s multi-unit insurance coverage, a commercial investor can attain up to 85 per cent financing toward their commercial purchase.
The capitalization or ‘Cap Rate’ is a valuation used to give commercial buyers a more inclusive estimate of a commercial property’s value as oppose to, say, a gross rent valuation.
A reverse mortgage frees the equity you have built in your home with very little out of pocket expense – as little as $300 to $600 so long as no title issues are attributed to your property.
Private commercial lenders, particularly in the commercial mortgage market, are increasingly becoming the go-to for hard-to-fund commercial projects.
The purchaser will be paying interest on every dollar of the home’s value, as opposed to nicking off a good chunk, interest free, with a down payment.
Foreign lenders, outside of large banks and insurance companies, are upping the commercial financing available for non-prime commercial borrowers.
Your credit score is one of the weightier elements used by lenders to determine your eligibility to receive financing and to decide the rate they will charge for your mortgage.