Commercial:
Welcome to Northland Mortgages, we are a company based in Northern Ontario providing innovative lending solutions that allow companies to grow their businesses and expand their opportunities. Northland is dedicated to building commercial relationships based on a solid reputation of consistent credit.
We will work with you to provide a financing package (covering rates, fees and terms) that will deliver the working capital you require. Once your credit is approved, your pre-audit is satisfactorily completed and the loan closed, you will be able to draw your funds immediately, based on the formula availability. Our loans and mortgages are not restricted by traditional commercial banking parameters. As long as you have available credit set out in the formula, the line is available for you to use.
We do understand the need for speed and creativity when providing long and short term loans including mortgage financing. Opportunities in commercial real estate are constantly evolving and quick action is necessary to take advantage of these opportunities.
Is your business looking to purchase commercial property? Commercial mortgage lenders can provide the funding you need. There are a number of financial institutions looking to assist you with the required financing but in some cases other contacts your broker or mortgage agent knows are called into play.
Banks and other institutions offer a variety of different lending programs and repayment options so you can select the type of commercial mortgage that best fits your business.
Obtaining a commercial mortgage isn't as easy as getting a home mortgage - it requires a considerable investment, a strong business history, and a large amount of paperwork. First, you must find a building to purchase before you can even apply for a commercial mortgage. Next, you may need to have the property appraised and show proof that the building is environmentally safe. You also must show you can keep up with monthly payments to avoid losing your property.
Northland Mortgage/Dominion Lending can provide you with a Buyer's Guide. This can help you avoid the most common mistakes commercial mortgage shoppers make by explaining:
· How a commercial mortgage works
· What your responsibilities are
· The types of commercial mortgages available
· How to select the best lender
· What the various costs are
Once you assess your commercial mortgage needs, Northland Mortgage can immediately provide you with free custom quotes from multiple commercial mortgage lenders.