Dave Butler
Great Brokers Company
License M2305768 (Level 2)
Office:123 Main Street, City, Province, Postal Code
Areas Served: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, Saskatchewan, Northwest Territories, Nunavut, Yukon
BIO: Fiducias incredibiliter verecunde corrumperet Caesar.Pretosius appara.
Website: greatbroker.com
Commercial Mortgages
A Comprehensive Guide for Businesses and Investors
Navigating the world of commercial mortgages can be complex, but it’s also an essential step for businesses and investors looking to expand their operations or invest in income-generating properties. At Better Mortgages, we provide the knowledge, expertise, and tailored solutions to help you make informed decisions.
As Warren Buffett aptly said, “Risk comes from not knowing what you’re doing.” Our goal is to empower you with the knowledge and tools you need to approach commercial mortgages with confidence.
What Are Commercial Mortgages?
A commercial mortgage is a loan secured by commercial property, such as:
- Office buildings
- Retail spaces
- Industrial facilities
- Multi-family residential buildings with five or more units
Unlike residential mortgages, commercial mortgages are designed for business purposes, focusing on the property’s income potential and the borrower’s financial stability.
Key Differences Between Commercial and Residential Mortgages
| Aspect | Commercial Mortgages | Residential Mortgages |
| Property Type |
Typically 5–25 years; rates depend on property risk and borrower creditworthiness |
Longer terms (up to 30 years); lower interest rates |
| Risk Assessment | Based on property income and borrower/business stability | Based on borrower credit and income |
|
Terms & Interest Rates |
Typically 5–25 years; rates depend on property risk and borrower creditworthiness | Longer terms (up to 30 years); lower interest rates |
| Down Payment | Usually 20%–40% | As low as 5% for insured loans |
| Amortization Period | 15–25 years | Up to 30 years |
The CMHC MLI Select Program
The MLI Select Program by the Canada Mortgage and Housing Corporation (CMHC) is a groundbreaking initiative designed to encourage the development and preservation of affordable multi-unit rental housing in Canada.
Tailored Assessments
We evaluate your financial situation and equity to recommend a second mortgage solution that suits your needs.
Expert Negotiation
Our experienced Mortgage Agents and Brokers secure competitive rates and terms by leveraging our extensive lender network.
Transparency and Support
We’re with you every step of the way, providing clear information and guidance to help you make informed decisions.
Who Should Consider a Second Mortgage?
A second mortgage might be the right choice if you:
“Need funds but don’t want to refinance your primary mortgage”
“Want to consolidate high-interest debts.”
“Are managing significant expenses, such as home renovations or medical costs.”
“Have sufficient home equity and need quick funding. “
Take the Next Step with Better Mortgages
At Better Mortgages, we pride ourselves on delivering second mortgage solutions that help homeowners achieve financial flexibility and peace of mind.
Choose a Better Mortgages representative to work with or contact us today to schedule your consultation. Together, we’ll unlock the potential of your home’s equity and create a plan that works for you.
Let’s build a brighter financial future, starting today!