Expert Commercial Advice
Construction & Land
Whether you are purchasing land, serviced lots, or constructing homes, our Commercial team has a combined 20-years of experience. Give us a call to discuss the details.
If you are seeking to purchase a multi-unit rental building, reach out to our commercial team to get more information on the best financing program available for such an asset.
Leverage some of the best debt servicing to have your money go further through a new term loan or line of credit.
Purchasing a new unit can be an intimidating and complicated process. Contact us today and we will find the right fit for you.
Whether you are seeking to construct a multi-family project, new owner-occupied home, or complete a build-to-sell home, our team at City Centre Mortgages has relationships with conventional and alternative lenders who specialize in land and construction financing. Give us a call and ask to be directed to our Commercial team.
The Canadian Mortgage and Housing Corporation has a fantastic program available for the purchase, refinance, or construction of any 5+ unit rental building. With the program being provided through CMHC, the terms that clients are presented are very favorable; up to 85% Loan to Value (LTV) on a purchase or refinance, and up to 95% Loan to Cost on a construction. These are theoretical maximums and underwriting constraints may reduce these numbers. However, the end result is often a considerably higher LTV than that of a conventional mortgage. Our team of specialized CMHC Mortgage Professionals will be able to go into further details in regards to this program. Give us a call to find out how you can take advantage of this spectacular program.
Looking to acquire a new commercial property? Our team can help you both acquire and leverage the opportunity through repositioning financing programs. Through repositioning loans, you can obtain the funds needed for renovations or repairs upfront, reducing the capital required on your end. Ultimately, the goal is to either increase the rents or reduce the existing operating expenses to drive value to the asset. Call us today and get in touch with one of our experts to learn more.
Purchasing a commercial unit for your business can come with a lot of hidden costs. It is important to consider not just the price of the unit, but all the expenses associated with the ownership. Let us help you finance not only the purchase of the space, but also the tenancy improvements and equipment you may need. Contact one of our business specialists and leverage our relationships within the commercial space to help your business grow.
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