Minimum down payment for commercial mortgages

“How much is the minimum for a downpayment on a commercial purchase? 20% down?” We get this question a lot. There are many different ways to answer this question. Generally speaking, if a borrower has a strong net worth statement and collateral security a bank or lender may be prepared to lend more than 80%Continue reading “Minimum down payment for commercial mortgages”

bridgeFEED beta launched

Being in the mortgage and loan business, we get the opportunity to work with many interesting people, deals and opportunities. Most of the time a conversation will start with “What’s going on in the market? What type of deals are you seeing?” so we decided to provide a constant answer to that question and haveContinue reading “bridgeFEED beta launched”

Frustrating for borrowers

Land transactions – specifically refinances – have been tough to find financing for since at least mid 2008 and continue to be a struggle. In the past 30 days we have seen half a dozen land transactions just outside of major city centres in Alberta. In three of the cases, the borrowers have managed toContinue reading “Frustrating for borrowers”