Types of Commercial Mortgages
Commercial Term Mortgages A mainstay of Dominion Lending Centres Commercial’s financing business is negotiating long-term mortgages for apartment buildings, shopping centers, office buildings and industrial properties. Our brokers are always looking for innovative ways to minimize the cost of funds and meet other unique needs of the borrower such as limited guarantees, funding prior to […]
Commercial Term Mortgages
A mainstay of Dominion Lending Centres Commercial’s financing business is negotiating long-term mortgages for apartment buildings, shopping centers, office buildings and industrial properties. Our brokers are always looking for innovative ways to minimize the cost of funds and meet other unique needs of the borrower such as limited guarantees, funding prior to lease-up and the fixing of interest rates prior to the completion of development projects. Our institutional clients provide the most economical long term financing in the marketplace on both conventional and CMHC insured product.
CMHC Insured Mortgages:
Dominion Lending Centres Commercial are experts at securing mortgage financings direct from CMHC. These insured financing offer considerable savings to the borrower in that it often offers a much lower overall cost to borrowing.
CMHC will insure the following types of construction loans:
- High-rise & mid-rise condominiums
- Freehold properties (single family home developments, townhouses etc.)
- Apartments/condominiums to be built for rental purposes
- Retirement & Nursing home developments
- Mixed use property development, where the residential component represents at least 80% of the overall project.
- Student housing developments
Construction Financing:
Dominion Lending Centres Commercial has arranged construction financing for some of the largest projects in the marketplace. Our expertise in construction financing extends to both conventional loans and those insured by Canada Mortgage and Housing Corporation.
Mezzanine/Secondary Financing:
Dominion Lending Centres Commercial has in-house funds for mezzanine and secondary financing to suit our clients’ needs. In some case we able to fund up to 100% of the costs for a projects. This access to our in house funds and funds accross Canada allows us to respond quickly to market demands and client needs, wether its a small commercial term deal or large construction facilty we have the ability to profide the funding our clients’ needs.
Care Facilities and Seniors Housing:
This is an expanding field and Dominion Lending Centres Commercial has experience in financing all types of seniors’ housing and health care facilities. The types of financing we arrange include long-term commercial mortgages, construction financing, equity and secondary financing. By combining our understanding of the capital markets with our knowledge of this unique industry, we can secure the lowest interest rates with the most favorable loan terms.