A commercial property can be financed with a wide variety of financing, including mortgage financing. A commercial mortgage is evaluated differently than a residential file. The lender will ask for additional documents related to the subject property including property financials, tax bill(s), insurance, rent rolls and a list of expenses. While the strength of the borrower is important, the property must be in good financial standing with the proper documentation. The tenants and business’ occupying the property are also factored into the lending decision.
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We work with the major banks, credit unions and other commercial lenders to tailor a solution for your owner occupied business or rental property purchase.