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Home 9 Services 9 Commercial Mortgages

Commercial Mortgages

From Storefronts to Skyscrapers, We Have Got Your Commercial Mortgages Covered!

Commercial Mortgages

One of the greatest moments of an entrepreneur’s journey is when the momentum of opportunity and ambition starts to inspire action. At Ashani Business Capital, we take pride in helping fuel your momentum by providing access to our well established network of lenders to find the commercial mortgage solution that’s right for you. Whether you’re acquiring new properties, refinancing existing ones, or funding expansions, we help you navigate the complexities of commercial lending so that you can focus on your business.

Why choose Ashani Business Capital

Fast service

Timing is often the deciding factor for business success. Ashani Business Capital prioritises efficiency, ensuring that you get quick approvals without compromising on the thoroughness of our processes. Rest assured – we are always mindful of your window of opportunity.

Expert Guidance

Navigating the world of commercial mortgages can be complex. To make the process easier and hassle free, we connect you with professionals like appraisers, lawyers, accountants, environmental engineers, etc. who assist you in every step of your loan application process.

Streamlined Process

Ashani Business Capital prioritize efficiency and convenience, offering a streamlined application and approval process for commercial mortgages. The moment you decide to apply for a commercial mortgage with Ashani, you will experience a smooth and straightforward journey.

Low rates

Our commercial mortgage rates in Canada stand out in the market, ensuring that you not only get the funding you need but also enjoy terms that support your financial goals. With the help of our vast network of lenders, we provide you access to exceptional rates that empower your business growth.

Your Image

From Vision to Reality: Secure Your Commercial Space with the help of vast network of lenders throughout Canada.

Exceptional Service

Our team goes above and beyond to provide responsive support, clear communication, and ongoing assistance.

Hassle-free application process

With Ashani Business Capital, expect a smooth, rapid, and reassuring financing application process.

What's the Maximum Equity I Can Extract from My Commercial Property?

In the process of refinancing a commercial property, a key aspect is the ability to assess the remaining equity in your real estate and determine the total Loan-to-Value (LTV).

Figuring Out the Loan-to-Value Ratio for Commercial Mortgage Refinancing ?

Let’s simplify the intricacies of Loan-to-Value (LTV) with a practical example. Consider a borrower who owns a bustling multi-family building in the heart of a thriving city centre, valued at $4,000,000. As they approach mortgage renewal, their existing balance stands at $1,000,000. In the pursuit of refinancing, they aim to extract an additional $1,000,000 for renovations and the acquisition of a new commercial property. As the total mortgage balance reaches $2,000,000, the LTV calculation unfolds:

LTV=(Total Mortgage Balance/Property Value)×100

Substituting the values:
LTV=($2,000,000/$4,000,000)×100=50%

Commercial mortgage lenders adhere to specific LTV thresholds, a measure designed to safeguard their interests. This precaution stems from the lender’s desire to ensure that borrowers have a significant stake in the investment, fostering motivation to meet monthly mortgage obligations promptly and minimize the risk of default.

Let’s figure out the process flow

The prospect of obtaining a commercial mortgage or refinancing an existing property can be a daunting endeavor. Ashani Business Capital stands as your ally in simplifying and streamlining this process, promising you a hassle-free experience.

Commercial deals inherently involve additional considerations and information due to the risk factors perceived by lenders. Despite the complexities, our commitment is to guide you seamlessly, ensuring clarity and simplicity.

List of documents needed for commercial mortgage approvals :

  • Two copies of ID proofs, last 2 years of business financial statements; and
  • Articles of Incorporation.
  • A commercial real estate appraisal conducted by an established commercial appraisal service provider.
  • A site inspection will be needed.
  • Current rent copies and list of tenants.
  • For refinancing or a mortgage renewal, a property tax bill and current mortgage statement.

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Loan Approval Rates

Time to Funding

Total Funding 2023

Total Clients

Frequently Asked Questions

A commercial mortgage functions similarly to a residential mortgage but is tailored for financing commercial properties. It involves borrowing funds from a lender, typically a bank or financial institution, to purchase or refinance a commercial property such as an office building, retail space, or industrial facility. The borrower agrees to repay the loan over a set period, usually with monthly payments of principal and interest. The loan is secured by the commercial property itself, providing collateral for the lender. Interest rates, terms, and eligibility criteria can vary depending on factors such as the borrower's creditworthiness, the property's value, and the loan-to-value ratio.
A reputable commercial mortgage broker will offer impartial and transparent advice, guiding you towards the most suitable mortgage option. At Ashani Capital, our comprehensive services are designed to assist you throughout the application process. We work diligently to identify the ideal lender and advocate for the most favorable rates and terms on your behalf, ensuring a seamless experience tailored to your needs.
In many cases, you will have the opportunity to meet and communicate directly with the lender. However, certain private lenders prioritize privacy, and as a result, you might interact with a member of their representative team instead. Occasionally, lenders hold their privacy in high regard to the extent that you might not even know the individual directly financing your loan. Commercial mortgages constitute a significant portion of Ashani’s brokerage services. Given the multitude of commercial mortgage options available, navigating them can be daunting. Thankfully, at Ashani Capital, our team of seasoned commercial mortgage agents and brokers is dedicated to simplifying the process and finding the perfect solution tailored to your needs.
When acquiring a commercial property, it's essential to budget for a deposit. Typically, the customary down payment for a commercial mortgage purchase falls within the range of 20% to 25%. However, at Ashani Capital, we collaborate with lenders who extend commercial mortgage options with lower percentages for down payments or deposits. The required deposit amount may vary depending on whether it's a first or second commercial mortgage.
In Canada, borrowers are only required to pay commercial mortgage brokerage fees, as lenders don’t bear the costs. But for residential mortgages, lender pay the brokerage fee in most cases.