Hi,
I'm here to clear few doubts related to the commercial mortgage in Canada. I'm Jeremy and I'm planning to an office for our business. I have a credit score of 700 and no unpaid debt. If it good that I choose a commercial mortgage? Will it affect my business?
Has anyone got any experience in taking a commercial mortgage? I got many suggestions from my business mates, but I thought of clearing my doubts here before I jump into it.
When I checked an Ontario commercial mortgage, it shows the max LTV for office building as 75%. Is it the maximum? Hope you can help me.
I would also like to go a bit further. If I take a commercial mortgage, how long will I have to wait for the loan process to get complete? Any idea?
Waiting for your reply. It will be appreciated to the most
Thanks in advance
