Do you own a multiplex property?
Do you want the best available conditions to buy one or to refinance it?
Several factors will determine the financing conditions of multiplex properties such as:
The sector;
The ratio loan/value;
The amount of the loan;
Is the property insured by CMHC?
The profitability of the property;
Your solvency.
Some lenders leave the commercial or the multiplex markets. Some others are interested.
The objectives of the institutions vary according to their portfolio, the market, their officers and the international market.
How to find his way?
Are you trying to determine which lenders are compatible with the type of property you want to finance?
Do business with an institution that wants yours!
Get the right answers concerning the costs, the financing ratios and the values.
Novimm Financial can setup the financing of your multiplex property at conditions that could surprise you. For example, the rates could be based on the obligations and come out to something in the range of 6,35% for 5 years.
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