Private Mortgages Commercial or Revenue Buildings BC - Lender Information Call Your Vancouve BC Mortgage Broker Today.

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  Private Mortgage Commercial or Revenue Building Loans – Bank Turn Downs or Fast Equity Lending

• Privately funded Commercial Mortgage Loans have become increasingly popular in past years due to the mortgage meltdown. Private lenders are Individuals, Mortgage Investment Corporations, Hedge Funds or other large pools of capital, that lend their own money from their own portfolios. These Private Mortgage (sometimes called "hard money" loans) can close as fast as one week if you have an approved appraisal, opposed to Conventional Commercial Mortgage loans which can take up to 3 months or more to fund. 
  
  What Private Commercial Mortgage Lenders Look for
• - Private Lenders are Equity Based Lenders and their loan decisions are not driven by the credit of the borrower. It is essential that the collateral property have substantial equity in it. Most commercial mortgage lenders sometimes referred to as Hard Money Lenders won't lend more than 75% of the purchase price or, in the case of a refinance, the value of the commercial property. Documentation requirements will be much less than conventional lenders would require but be prepared to back up any claims you make with some proof. Income producing buildings are favored by Private Mortgage lenders but most are willing to consider all property types.

• Private Commercial Mortgage may be the right choice if your project:

  • - is a multi-residential, retail, office or industrial property, rental apartment properties
  • - is located in the Greater Vancouver, Victoria or Kelowna Areas, or in many of the minor centers of British Columbia Canada's real estate markets.

  Commercial Mortgage Broker
  
  If you are looking for a commercial mortgage financing in Vancouver BC, you may want to talk to a Commercial Mortgage Broker. When a commercial mortgage is arranged by a mortgage broker for a borrower, a fee of 0.75% to 2% on the loan amount is payable to the broker for arranging the loan.

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  These Revenue producing buildings are most popular for small investors in the urban town centers of British Columbia:
  
  1.) multi-residential units
  2.) mixed-use retail and residential buildings
  3.) plazas, retail malls and shopping centers
  4.) office buildings, warehouses and medical centers
  5.) industrial buildings

  Why do Private Commercial Lenders Like some Real Estate and not others?
  The commercial buildings, multi-residential apartment building mortgages are more appealing to the lenders because rental incomes from apartment buildings are more stable and reliable. For the other types of commercial buildings, the cash flows from these property types are considered more volatile. A lender evaluates the suitability of a commercial building for financing based on location, quality and performance of the property.

• Back to Private Financing

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Commercial Mortgage Solutions BC

No matter where you live, your Vancouver BC Mortgage Broker can help provide you with the right Mortgage Solution for now and for your future.   Are you looking to Buy your First Home in Vancouver BC or Refinance your current mortgage in Kelowna BC or Consolidate Debt  in Victoria BC we have the tools to get the job done for you no matter where you live.
We have the experience to handle the most difficult residential refinancing too. If you need Private Mortgage Help in Surrey BC or a 2nd Mortgage in Burnaby BC or if you are facing a possible foreclosure in Richmond BC, Mortgage Rates BC has the knowledge to inform you of your options and the lenders that have tailor made solutions to Help.
We are just a click away on our Contact Application or by phone at 778-839-3963. Call or Click today and let us handle your Mortgage request for you and have the peace of mind knowing you have a professional on your side.