If you owe CRA a significant amount of money due to a re-assessment & have no way to pay it, you may have options. Any schedule 1 bank that you walk in to won’t allow you to refinance your… Continue reading
Capital is the foundation of every business. The business owner needs to have enough funds to run his business smoothly. And, as we know, business does not always mean earning profits – you may have losses as well. In a… Continue reading
One main reason for getting a commercial equity mortgage loan is to obtain a line of credit. A line of credit is an amount of money made available for you to borrow from whenever you wish.
When you get a… Continue reading
Whether to work with a broker or a direct lender
Private hard money lenders are in the business of providing loans and loan services to people who require hard money loans (loans collateralized by real estate.) Private hard money lenders… Continue reading
While credit profile is an important consideration in the lending decision it is not the only one. A bad credit commercial mortgage or loan is available to individuals and businesses with less than perfect, or poor credit rating. These… Continue reading
A commercial second mortgage is an important commercial real estate tool.
Commercial second mortgages are often used in conjunction with a new first commercial mortgage loan. Typically the commercial second mortgage will have a term of one to… Continue reading
Alternatives to Traditional Banks as Sources for Commercial Loans
Commercial mortgages are available through banks, commercial mortgage companies and private lenders. Commercial mortgage rates vary as widely as residential mortgage rates. Traditional banks offer some very low rates.… Continue reading
The list of mortgage products and sources for loans in today’s marketplace can seem endless. In spite of several Lenders, including some prominent banks, leaving the marketplace, there is still a plethora of products and lending sources for the mortgage… Continue reading