Corner Brook Commercial Mortgages
We provide commercial real estate financing in Corner Brook Newfoundland. Our commercial mortgage team has access to lenders all across Canada providing commercial mortgage products for nearly every commercial real estate property or new development in Corner Brook NL.
Commercial Financing in Corner Brook Newfoundland
Commercial real estate mortgages in Corner Brook Newfoundland are typically available up to 75% of the appraised value or as high as 85% for multi-family properties under the CMHC insured program. Amortization periods can extend up to 40 years depending on the building age, location, physical condition, lease profile, available debt service and building use. Key variables negotiated for each transaction can include fixed or floating rates, forward start arrangements, interest only or amortizing payment schedules, demand or committed facilities, duration of term, financial covenants and form of recourse.
Understanding the local Corner Brook real estate market, its economics and trends, combined with a strong network of commercial lenders across Canada allows our Corner Brook commercial lending team to provide our customers with the most competitive financing available for all your commercial real estate needs in Corner Brook Newfoundland.