Commercial Mortgages (5 Units or less) is available with the Wilson Team Mortgage Team.

The Wilson Team are experienced providers of mortgage loans for the construction, purchase and refinancing of multi-unit residential properties of 5 units or less. These include rental buildings, licensed care facilities and retirement homes. Financing for smaller neighbourhood Retail Plazas, Office and Medical/Dental buildings, may also be available.

The financing for these types of properties are eligible for very competitive interest rates. Particularly if the loans are insured and the management of the property has a high degree of expertise.

The minimum equity or down payment that is required is 15% of the appraised value or the purchase price, whichever is less.

Details on how we can help you obtain Commercial Mortgages (5 Units or less). Financing transactions for multi-unit residential properties require information of the following nature. The Wilson Team assists clients in arranging and collecting:

  • Financial information for guarantors (borrowers).
  • Personal information for guarantors (borrowers).
  • Borrowers’ past management experience or information about the prospective manager if different from the borrowers.
  • For borrowers that are corporations financial information for the previous 3 fiscal years.
  • For existing properties, income and expense information for the previous 3 operating years.
  • Third-party reports for environmental assessment as well as building condition and value.