Tag: commercial mortgage

Commercial mortgages in Alberta are loans for commercial properties, available through various lenders and often requiring a larger down payment than residential mortgages at 20%. Key variables include loan-to-value ratios, amortization periods up to 40 years (especially for multi-family properties), and options for fixed or floating rates. Typical Loan-To-Value (LTV) ratios range from 55% for farmland to up to 85% for multi-family residential properties. The process is more complex than a residential mortgage and can take longer, often requiring a mortgage broker to navigate. Our commercial mortgage brokers at The Mortgage Force Team in Edmonton are here to help you negotiate the optimum commercial mortgage for your unique situation.