13 Sep

What is the maximum financing possible when purchasing an apartment building ?

General

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When you purchase an apartment building, also commonly referred to as a multi-family, rental, investment, income or multi-unit residential property, you are subject to a set of rules that are different from those that apply to the mortgage of a single-family house. Documentation, profitability, value of the guarantee, cash flow of the building, and (for an investor who owns several buildings) cash flow of the entire real estate portfolio are all aspects that need to be taken into consideration when asking for a mortgage loan on an investment property. The lender will also consider other aspects that are specific to the building: location, income and expenses, environmental study, etc.

Maximum financing for a multi-unit residential property:

85% loan to value


To learn more about how I can help you obtain the best rate for your purchase financing, call me at 514-757-4117 or send an email to ptsagarelis@northeastmortgages.com

Your consultation costs nothing and there is never any obligation to use my services. By consulting a commercial mortgage broker, you will maximize the chances of having your mortgage loan approved and avoid paying unnecessary fees.

3 Sep

North East Mortgages Commercial and Multi Unit Residential Financing

General

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At North East Commercial Mortgages, we are completely independent from any bank or lender.We work for our clients. Your best interest is our best interest.

We work with institutional and private lenders to get you the right mortgage for any commercial property. For purchase, renewal, refinance and construction loans.

  • Multi-unit residential
  • Semi-commercial properties
  • Industrial buildings
  • Office buildings
  • Retail plazas
  • Warehouses
  • Land Development

We deal with all the banks, trusts, insurance companies and pension funds. And because we send them millions of dollars of mortgages every year, we have access to rates that are not available to the public.

With interest rates on the rise, properties should be financed to the maximum while the cost of capital is still low, to maximize the return.

Multi-Unit Residential Rates

5-year term 3.15% – 3.35%

10-year term 3.50% – 3.65%

Please note that rates change daily.CMHC insured loans for apartment buildings with 5+Units. Minimum loan amount $1.5M

Purchases finance up to 75% of the property’s appraised value. (up to 85% for CMHC insured loans)

Refinancing ask us about competitive interest rates, terms and conditions.

Equity take-outs mobilize existing equity for personal or investment use.

Capital improvements increase the value of existing properties to maximize your potential net worth.

For more information please visit www.petertsagarelis.com