Why Own Instead of Rent?
Commercial rent in the Lower Mainland continues to rise. Many business owners are shocked to discover that a mortgage payment on a property they own can be less than โ or equal to โ what they're paying in rent. And when you own, you're building equity instead of paying someone else's mortgage.
Types of Commercial Mortgages
- Owner-Occupied Commercial: Purchase the premises where you run your business
- Investment Commercial: Purchase commercial property for rental income
- Multi-Family (5+ units): Apartment buildings and larger residential income properties
- Mixed-Use: Buildings with both commercial and residential components
- Industrial: Warehouses, flex-space, manufacturing
How Commercial Mortgages Differ
Commercial mortgages are underwritten differently than residential. Lenders look at the property's income-generating ability (debt service coverage ratio), the borrower's net worth and experience, and the property type and location. I have relationships with commercial lenders across BC who understand the market here.
Commercial Refinancing
If you already own commercial property, refinancing can unlock equity for business expansion, property improvements, or to purchase additional real estate. I'll analyze your current mortgage against today's commercial rates and calculate whether refinancing makes financial sense.