We Finance “Non-Cookie-Cutter” Commercial and Industrial Mortgages.
COMMERCIAL & INDUSTRIAL MORTGAGES
Getting a commercial mortgage can be a long and drawn out process. The traditional banking facilities require an inordinate amount of paperwork, calculations and lots of red tape. Certain loan limits must be approved by a committee and time frame to gain loan approval can take up to 3–4 weeks.
New Haven provides commercial mortgage loans Ontario wide. Loans start from $20,000 to $5 million. We specialize in small storefronts with apartments above (multi use) and all single and multi purpose commercial uses. We also finance commercial condominiums and we can finance older and newer construction.
Our loan structuring is quite flexible and we try to eliminate the red tape and lengthy delays in order to get right to the “bottom line”.
- Assess the value of the property.
- Assess the marketability of the property.
- Assess the loan amount requested.
- Grant the approval.
We do not base the loan criteria on
- Length of leases or minimum debt service ratios.
- Credit worthiness of the borrower.
Contact us and learn how we can be of assistance in your situation.
We can provide first, second or third mortgages.
You can borrow for reasons such as purchases, refinances, retrofit, capital improvements, condo conversions, reserve fund contributions, and more.
We can provide financing in most locations in Ontario and have flexible loan to value debt service ratios.
As a result our commercial loans have flexible terms and conditions.
Put us to work for you! No obligations. Its just that simple!
Loans start from $25,000 to $5 million+. We finance single purpose and multi-tenant buildings. We also finance industrial condominiums.
We finance from single family residential properties to 200 suite buildings or greater.