Commercial Financing

Commercial Mortgages

Review financing considerations for commercial, mixed-use, construction, and multi-unit properties in the Tri-Cities.

Overview

Financing information for commercial and multi-unit properties

Commercial mortgage underwriting differs from residential lending. Lenders can review the property, business financial statements, leases, appraisal, environmental information, borrower strength, and debt-service coverage.

Down payment, amortization, rate, term, guarantees, and fees vary by property and lender. A complete package helps a lender assess the request but does not guarantee approval or pricing.

Commercial financing may be available from banks, credit unions, insured multi-residential programs, or private commercial lenders. Availability and structure depend on the property, income, borrower, appraisal, environmental review, leases, and lender policy.

Key Features

Lender Categories: Review possible bank, credit-union, insured-program, and private-lender requirements
Insured Multi-Residential: Confirm current program eligibility, underwriting, fees, and terms
Loan Packaging: Organize financial and property information for lender review
Mixed-Use Properties: Review financing considerations for residential and commercial uses
Construction Financing: Review borrower, budget, permit, appraisal, presale, advance, and completion requirements

How It Works

Step 1

Initial Consultation

We discuss your goals, review your financial situation, and outline mortgage paths that may suit your needs.

Step 2

Compare Suitable Options

I compare available rates, terms, features, fees, and qualification requirements, then guide you through the application and closing.

Fee Disclosure

On many standard lender-paid files, you may not pay a direct broker fee. Private or alternative financing can involve lender and broker fees, which are disclosed before you commit.

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Multiple Lender Categories
Banks, credit unions, monoline & alternative
Evening & Weekend
Available on your schedule
Client Feedback
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Common Questions

Commercial Mortgages — Common Questions

Get answers to common questions about this mortgage service.

What down payment is required for commercial properties?
The equity requirement depends on property type, income, location, borrower, appraisal, and lender or insured-program rules. Confirm the current requirement for the specific transaction.
How are commercial mortgage rates determined?
Commercial pricing can depend on property type, loan-to-value, debt-service coverage, borrower strength, term, guarantees, fees, and market conditions.
What is the debt service coverage ratio (DSCR)?
DSCR compares the property's qualifying net operating income with required debt payments. The lender's calculation and minimum vary by program and property.
Can I get commercial financing for a mixed-use building?
A mixed-use property may be considered, but availability depends on the residential and commercial uses, leases, qualifying income, vacancy, appraisal, environmental review, borrower, equity, and lender policy. No property is financeable until a lender approves the complete request.
How long does commercial mortgage approval take?
Timing varies with the lender, appraisal, environmental review, leases, financial statements, legal work, and complexity of the property. Confirm a realistic timeline before relying on a financing condition or closing date.
Service Area

Serving Port Coquitlam & Surrounding Communities

Whether you're in the heart of Port Coquitlam or the wider Coquitlam region, I'm here to help with your mortgage needs.

Discuss commercial mortgages

Talk with Milka about suitable mortgage options, their costs, and the conditions that may apply.

Book a Free Consultation