Commercial Mortgages are different than residential mortgages. The loan amount that a commercial mortgage lender provides is dependent on a number of factors including:
1) The nature of your business
2) How long you have been in business
3) The the income and cash-flow of your business
Generally, interest rates for commercial mortgages are 0.75% to 1.5% higher than residential mortgages. The loan value a Canadian financial institution offers can be up to 75% of the value of the property held as mortgage collateral.
I have access to all Canadian financial institutions in my commercial mortgage broker’s network.
For more information about commercial mortgages, please contact me at: firstname.lastname@example.org