A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.

A commercial mortgage - a warehouse, office building, or store front - is a big commitment. Although this type of loan might seem similar to a residential loan that you might have on your current home, there are differences that make this unique to your needs. 

Benefits of a commercial loan through a mortgage broker:

• Faster approval compared to the bank process
• Potentially less fees and closing costs depending on your financial profile

Requirements:

• The property must be owner-occupied by more than half of its capacity
• Blanket Mortgages
• As low as 20% down
• Up to a 25 year term