Our tailored commercial mortgage solutions accommodate builders and investors of all scales. We meticulously dissect your business plan, striving to actualize every aspect of your vision.
Toronto’s Commercial Real Estate Market is thriving with opportunities whether it be vacant, developable land, unique infill projects, or a turnkey retail storefront. If you are considering starting a commercial operation in the GTA area, your borrowing needs can vary by circumstance and flexibility of a required commercial mortgage. At Dream Key Mortgage, we have commercial mortgage solutions available for any builder or investor regardless of the project size. Because of the diversity of commercial projects and the wide range of goals associated with each investment, our team will work with you closely to understand every detail of your business plan and recommend intelligent loan solutions that consider your objectives and ultimately, turn your business dreams into a reality.
This call is designed to get to know the client better. We request the appropriate documents required to obtain an approval with a lender and we ask preliminary questions to better understand the client’s goals & financial situation.
Completion of a quick and easy online mortgage application followed by uploading all of the required documents requested by the Mortgage Agent. This will allow us to determine the best mortgage solution for you along with providing an estimated pre-qualified mortgage amount.
Once your application is submitted & reviewed, the lender will issue a conditional approval. This means there are still certain specific conditions that need to be satisfied before a final approval is issued. Examples of these conditions may be; income clarification, rental income confirmation, appraisal/fair market rent analysis, and many more. At this time you will also sign, complete and go through all of the fine details of the mortgage commitment with your Mortgage Agent.
After satisfying all conditions, the lender will issue the final approval and send your real estate lawyer the solicitor instructions for finalizing your mortgage on closing day.
The final step involves signing the closing documents with your real estate lawyer. Your real estate lawyer will review all solicitor documentation, conduct a title search, register for title insurance, handle the transfer of property ownership, as well as, collecting/disbursing the funds for downpayment plus closing costs.