InsuranceAndMoney.com helps you arrange financing approvals at major lenders, banks, trusts, credit unions, insurance companies, leasing companies and private lenders. You deal with a licensed mortgage agent at C.M.B. Canada Mortgage Brokers Inc. “CMB” to offer a full range of Commercial Real Estate products.
Types of Financing
- Multi Residential – apartment buildings etc
- Low and high rise
- Mixed use properties
- Health care facilities such as nursing homes, rehab centres
- Retail and industrial properties such as plazas and malls
- Specialty properties such as churches, gas stations, hotels, motels golf courses and movie theatres
- Business financing
- Purchases or refinances
- Renewals and transfers
- Equipment leases
Apply at InsuranceAndMoney.com in 3 easy steps -
Apply for a free mortgage quote and get a commercial mortgage term sheet within 24 hours. The term sheet compares mortgage rates and terms from several lenders and the term sheet outlines the documents required to arrange an approval.
A licensed mortgage broker will review your application and compare all the options before submitting your application to the lender of your choice.
If approved, we provide you with a mortgage commitment for you to review.
Minimum Loan Amount
Specifically we have relationships with all of the large banks, trusts, insurance companies, credit unions, leasing companies, private investors.
$50,000.00 to $1,000,000.00 - The minimum loan amounts for small commercial.
$1,000,000.00 to $ 5,000,000 - Mid sized commercial loans.
$ 5,000,000 and up - Large commercial loans.
minimum of $ 1,000,000
We can also facilitate commercial funding for properties in the United States of America, Europe, and the UK. Only Private Commercial mortgages outside of Canada.
Commercial Mortgage Amount
Financing requirements are handled on a case by case basis. There is however certain criteria that is required for each and every financing request. Providing the following initial information (depending on your specific situation) will ensure that our team of professionals can gain a solid grasp of your specific needs and situation. This also ensures that we can place your request a t the best source of financing to suite your needs.
Copy of any appraisals and a original listing, environmental if applicable.
Complete and signed Net Worth Statements for all Principals involvedCurrent and complete Rent Roll & copies of leases
- 2 or 3 years complete Financial Statements
- Operating Statements for the last 2 or 3 years
- Historical sales for retail properties
- Complete offer to purchase (for purchases only)
- General Time Frame for a term sheetA term sheet is issued in 24 hours if we feel your application is approvable.
General time frame for an approval
Our brokers package your application with you in a timely manner and work with you to review all the necessary documents before submitting your application to 1 or several lenders. It may take a lender between 3 to 10 business days to make a decision and if approved to issue a mortgage commitment.
General time frame for lender inspections, appraisals and due diligence. After you receive an approval commitment it may take anywhere from 10 to 30 days for all third parties to prepare a closing date for the monies to be advanced to your lawyer. Faster closing is easily accommodated on a case per case basis.
We never charge up front fees and the fees that we do charge is always contingent upon the successful funding of your Commercial Funding request. Any and all fees will be fully disclosed upon receipt of Letter of Intent from Lender.
All fees pertaining to your request for financing is at your expense. The following are not actual fees, but an example of a range or fees. Your situation may require payment of all of these fees and others that may not be listed.
- Appraisal fee (if necessary environmental phase I and II)
- Broker Fee .25 of 1% and up
- Legal Fees vary
- Site Inspection fee $ 100 to $ 500- Lender fee .25 of 1% and up
- Commitment Acceptance FeeWe deal with banks, trusts, insurance companies, credit unions and more.
We are committed to understanding and meeting the expectations of our commercial Real Estate Markets. We offer a wide range of Commercial Real Estate Mortgage products to service the needs of our clients.
With our knowledgeable Commercial Mortgage consultants and our highly personalized service we can cut through the red tape often involved in securing commercial financing. In addition we save you time and money by having your request directed to the appropriate funding source immediately. We do all of the work for you. This alone can save you months of work and possibly thousands of dollars in application fees.
APPLY NOW at InsuranceAndMoney.com
or call:Toronto (416) 410-3842