Dominion Lending Centres Commercial has established excellent relationships in the lending community with pension funds, banks, credit unions, life insurance companies, trust companies, private institutions and individual investors. These relationships allow us to identify the source of funds for a commercial mortgage which will be most likely to meet the needs of our borrower clients.
Types of Commercial Mortgages
1. Commercial Term Mortgages
A mainstay of Dominion Lending Centres Commercial’s financing business is negotiating long-term commercial mortgages for apartment buildings, shopping centers, office buildings and industrial properties. Our commercial brokers are always looking for innovative ways to minimize the cost of funds and meet other unique needs of the borrower such as limited guarantees, funding prior to lease-up and the fixing of interest rates prior to the completion of development projects. Our institutional clients provide the most economical long term financing in the marketplace on both conventional and CMHC insured product.
2. CMHC Insured Mortgages:
Dominion Lending Centres’ commercial brokers are experts at securing mortgage financings direct from CMHC. These insured financing offer considerable savings to the borrower in that it often offers a much lower overall cost to borrowing.
CMHC will insure the following types of construction loans:
• High-rise & mid-rise condominiums
• Freehold properties (single family home developments, townhouses etc.)
• Apartments/condominiums to be built for rental purposes
• Retirement & Nursing home developments
• Mixed use property development, where the residential component represents at least 80% of the overall project.
• Student housing developments.
3. Construction Financing:
Our commercial mortgage brokers have arranged construction financing for some of the largest projects in the marketplace. Our expertise in construction financing extends to both conventional loans and those insured by Canada Mortgage and Housing Corporation.
4. Mezzanine/Secondary Financing:
Our commercial mortgage department also has in-house funds for mezzanine and secondary financing to suit our clients’ needs. In some case we are able to fund up to 100% of the costs for a project. This access to our in house funds and funds across Canada allows us to respond quickly to market demands and client needs. Whether it’s a small commercial term deal or large construction facility, we have the ability to provide the funding our clients need.
5. Care Facilities and Seniors Housing:
This is an expanding field and our commercial lending team has experience in financing all types of senior housing and health care facilities. The types of financing we arrange include long-term commercial mortgages, construction financing, equity and secondary financing. By combining our understanding of the capital markets with our knowledge of this unique industry, we can secure the lowest interest rates with the most favorable loan terms.