Get the Lowest Commercial Mortgage Rates in Toronto - 1 views

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  #1 matthadyy on 03 Dec 16

   

  A commercial mortgage is a loan taken out on commercial real estate (as opposed to residential) with the property as collateral. The borrower is generally a company or business as opposed to an individual and the business may be either a partnership, limited company or incorporated. Consequently, assessing credit history is more complicated with this type of mortgage.You can also expect commercial mortgage rates to be significantly higher than residential rates due to the increased risk. your commercial property must follow :Professional appraisal of the property Phase I Environmental report Mechanical Report (if applicable) Net worth statement, required of all borrowers Credit history, required of all borrowers Company financial statements Copy of sales agreement (if applicable)

   

  <div class="cArrow"> </div><div class="cContentInner">A commercial mortgage is a loan taken out on commercial real estate (as opposed to residential) with the property as collateral. The borrower is generally a company or business as opposed to an individual and the business may be either a partnership, limited company or incorporated. Consequently, assessing credit history is more complicated with this type of mortgage.You can also expect commercial mortgage rates to be significantly higher than residential rates due to the increased risk. your commercial property must follow :Professional appraisal of the property Phase I Environmental report Mechanical Report (if applicable) Net worth statement, required of all borrowers Credit history, required of all borrowers Company financial statements Copy of sales agreement (if applicable)</div>

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