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The Basics on Commercial Mortgages

Posted by samanthas on August 13, 2012 in Home Living Tips with No Comments


Anyone who is looking to purchase a business property in Alberta, or is looking to lease a business property to a third party, or simply needs some additional capital to purchase equipment and other assets to effectively run a business will find commercial mortgages very useful. An Alberta commercial mortgage broker can help you with a specialized mortgage for any of these reasons.

Financing for many different business properties can be obtained with the facilitation of a commercial mortgage  or lease, such as the following:

  • Development land
  • Multiple unit housing/apartments
  • Hotels or bed and breakfasts
  • Retail units
  • Office units
  • Industrial properties
  • Leisure business properties
  • Commercial buy to lease properties

Other situations may also arise where a commercial mortgage broker would come in handy, such as the following:

  • Consolidating debt or other loans at a lower interest rate
  • Buying out an existing business partner
  • Expanding or renovating an existing establishment

In addition, many businesses that are already established may require a commercial mortgage or commercial lease in order to pay for certain assets required to run the business efficiently, such as the following:

  • Machinery
  • Equipment
  • Vehicles
  • Furniture
  • Telephone systems
  • Computer systems

Hiring the Experts in Commercial Mortgages

If you are in need of a commercial mortgage, be sure to get the experts on your side that can offer you the best rate and mortgage terms possible.  In this case, having an independent broker working on your behalf is the surest way to secure a mortgage that is tailored to your needs. Those who specialize in a commercial mortgages will be able to do the leg work for you by approaching all the lenders on their roster who they know are able to work with business owners and provide them with the lowest interest rate possible.  They are also specially trained for commercial mortgages and leases, which are much more complicated than simple residential mortgages.

Jim Black, AMP, and his award winning team at Mortgage Loans Alberta, are dedicated to working closely with each client, and will work hard to secure the lowest rate possible, as well as the most convenient mortgage terms available. Whether you are looking to buy a business property,  lease equipment or refinance your property, Jim Black and his reliable team can help. Call them today at (877) 394-9422, or visit their website at: www.mortgageloansalberta.ca.

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