Commercial Mortgages Comox Valley
At Invis – West Coast Mortgages, we are uniquely qualified to understand what meets the criteria of those lenders and align that with our client’s needs. Our contacts in the lending institutions know we are credible and will only present bona fide proposals.
Over 90% of our applications succeed.
Our first meeting with a potential client is largely fact-finding to determine the viability of the application and is free of charge. Once a contract is signed our services include: coaching, consulting, analysis and structuring to ensure the best possible outcome.
We essentially underwrite the deal before presenting it to a prospective financier. This inevitably leads to a quicker turn around and better pricing.
Conversely, we will not proceed if we believe the application will not be successful as sometimes saying “no” is the best service we can provide.
Commercial lending outlets do not pay a fee to brokers -the borrower does. While our fee depends on the complexity and nature of the deal, it is agreed to at the outset, although in some instances an upfront fee may be required. However, in most cases, one will not be charged until we have obtained a “Letter / Expression of interest” (LOI) from an appropriate lender.
If the terms of the LOI are accepted by the borrower, 25% of the total fee is then usually due. The balance of the fee will be payable when the lender issues and the borrower accepts; thereby constituting a firm commitment.
We have contacts with senior lenders and underwriters among most commercial, industrial, banking and investment product lines including:
• multi family residential six units or more
• office and professional/medical/dental buildings
• independent business-owned and occupied buildings: retail, manufacturing, service
• investor owned warehouse, mini storage, etc
• hospitality including restaurants, hotels, motels, pubs
• real estate development, subdivisions, condominium projects
• care homes, seniors homes, low cost housing projects
For more information,or to discuss any proposal/project in general terms,
please call our office.
READ MORE ABOUT FINANCIAL CONSIDERATIONS WHEN BUYING PROPERTY…»