Get access to business financing by leveraging your property
Mortgage Financing Made Simple
How mortgage funding works
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A lien is put on a currently owned property to obtain funds for any purpose
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A lien is put on a property that you are looking to buy to obtain funds for its purchase
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Rates are based on
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The security and length of the loan
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The loan-to-value ratio
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Your credit
Questions
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Do you own any commercial property?
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Are you looking to buy any commercial property?
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Is the commercial property currently producing income?
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Is there any debt on the property?
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How many units are on the property?
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Required documents you will need to provide
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Profit and loss statements for your business
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Property information, appraisal, or broker’s opinion of value (BOV)
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2 most recent years' tax returns
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Personal financial statements – updated within the last 90 days
Some Facts
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Mortgage financing is only available for income-producing property
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The most common way for a property to produce income is by having tenants
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A property with both a business and a tenant on it is referred to as a mixed use property