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
- 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