Your Business is Our Business.
Navigate the world of commercial mortgages with Lendwire’s expert guidance. We’re here to support both commercial property owners and business leaders, ensuring you secure the best financial solutions for your ventures.
Your
Business is Our Business.
1st Mortgages
6-Month Fixed (<80% LTV)
INTEREST ONLY
1-Year Fixed (<80% LTV)
6-Month Fixed (>80% LTV)
1-Year Fixed (>80% LTV)
2nd Mortgages
6-Month Fixed (<80% LTV)
1-Year Fixed (<80% LTV)
6-Month Fixed (>80% LTV)
1-Year Fixed (>80% LTV)
3rd Mortgages
FOR MORE INFORMATION, PLEASE CONTACT LENDWIRE CLIENT SERVICES.
Rates and fees subject to change without prior notice. Prospective borrowers that currently have a property tax or mortgage payment arrears may be subject to a premium in either interest rate or lender fees. All deals may be subject to an administration and commitment fee. Terms and conditions apply.
You. Save. THOUSANDS.
LENDWIRE 3 point STRATEGY
1. Financials
Before applying for a commercial mortgage, ensure that your financials are in order. This includes having a well-detailed audited or unaudited financial report as well as any details regarding future projections. Net worth statements can also help build a strong case for the use of funds or to justify the purchase.
2. CAP RATE
This is a term that almost all commercial investors and owner-operators have heard of. Your Cap Rate can help lenders understand the property’s potential return on investment. A property with a health Cap Rate indicates good income potential, making it more attractive to lenders.
3. Strategize
What type of term suits your needs? Are you considering a short-term bridge loan to expedite your growth initiatives? Or do you prfer a long-term solution that ensures stability for your commercial property? Keep in mind that your strategy significantly impacts the success of your deal.
1. Financials
Before applying for a commercial mortgage, ensure that your financials are in order. This includes having a well-detailed audited or unaudited financial report as well as any details regarding future projections. Net worth statements can also help build a strong case for the use of funds or to justify the purchase.
2. CAP RATE
This is a term that almost all commercial investors and owner-operators have heard of. Your Cap Rate can help lenders understand the property’s potential return on investment. A property with a health Cap Rate indicates good income potential, making it more attractive to lenders.
3. Strategize
What type of term suits your needs? Are you considering a short-term bridge loan to expedite your growth initiatives? Or do you prfer a long-term solution that ensures stability for your commercial property? Keep in mind that your strategy significantly impacts the success of your deal.
We've been using Lendwire since it was still apart of another brokerage. The service received has been phoenomenal. From our new family home, through to our rental properties, we've received top notch service. Throughout the experience, our Lendwire Agent provided Financial Analysis and Planning that we didn't even expect to receive. We will also be apart of the Lendwire family.
When I initially started the application with Lendwire, I was over leveraged and struggling to balance my portfolio of properties. After a brief consultation and many months of being patient, I'm now at a place where I've expanded my portfolio and have retooled my investment strategies in Real Estate market. I would not hesitate to send my best recommendations.
When we bought our home we were initially using another brokerage. We were roped in with promises that typical franchise brokerages make and ended up putting an offer in without conditions. It wasn't until about 15 days before close that we found out we didn't even qualify and we were ghosted. In stepped the team at Lendwire who not only properly re-did our application, but also found a bank that did accept my self employed income with competitive rates. We did not want to go for a B lender, and we were able to close our deal on time with an A lender.
This recommendation does not need an introduction. We gave our documents and filled out the application. Within 24 hours we had a commitment in hand, not even a pre-approval as we were technically still under conditions for the purchase. 24 hours later we were broker complete and it felt eery just waiting until close. It was one of the fastest transactions I've ever had with a Mortgage Brokerage.
Questions? We've Got Answers.
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Commercial mortgages generally have shorter terms, often around 5-10 years, and may include a balloon payment at the end. Interest rates can also be variable or fixed, so it’s essential to understand your options and how they align with your business plans.
It’s definitely tougher for newer businesses to secure a commercial mortgage, mainly because lenders look for a track record of profitability. You may need to offer additional collateral or a larger down payment to improve your chances.
The down payment for a commercial mortgage is typically higher than for a residential one, often ranging from 25% to 35%. The exact amount will depend on various factors including the lender’s requirements, the property type, and your business’s financial health.
