Our partnering lenders realize the tremendous profit potential in owning an office, professional, or medical-centre building. They appreciate that the potential for growth, especially in such a professional, commercial, and financial centre as Toronto, is massive. That’s why they’re willing to work with you to make your vision a reality through the most advantageous mortgage possible.
Along the way, be prepared to provide your Ontario Mortgage Expert representative and your prospective lenders with the following considerations:
- Up to a 25% down payment
- Building appraisals and inspections, as well as detailed plans to make any needed repairs and renovations within your own budget
- Credible projections of $1.30 in revenue for every $1.00 of debt taken on, so as to demonstrate viability
- Proof that long-term tenants can sustain the building’s ongoing viability
- Building of administrative costs into your budget