Commercial Mortgages
Commercial Mortgages
Unlock Your Business Property Potential
Broadmoor offers comprehensive commercial mortgage services tailored to clients’ needs. Leveraging expertise in Canadian tax laws, Broadmoor ensures compliance and optimizes tax benefits. From property assessment to funding, Broadmoor guides clients through the process, securing competitive rates and structuring payments to maximize tax advantages within legal boundaries.
Adherence to Laws
Our services compliant with federal and provincial tax laws, including he Bank Act, The Income Tax Act, The Canadian Mortgage and Housing Corporation (CMHC) Act and Consumer Protection Laws.
What it includes
- Consultation: Clients consult with commercial mortgage experts to assess financing needs, property value, and eligibility for various loan options.
- Application: Clients submit detailed applications, providing financial documentation and property details for lender review.
- Approval: Lenders evaluate applications based on factors like creditworthiness, property value, and business viability before approving loans.
- Funding: Approved loans are funded, providing clients with capital to acquire or refinance commercial properties.
- Repayment: Clients make regular payments, including principal and interest, over the loan term, ensuring repayment of the commercial mortgage.
benefits to you
- Property Acquisition: Commercial mortgages enable businesses to acquire real estate for operations, expansion, or investment purposes, fostering growth and stability.
- Tax Deductions: Interest payments on commercial mortgages may be tax-deductible, reducing taxable income for businesses under Canadian tax laws.
- Equity Building: Ownership of commercial property builds equity over time, providing businesses with valuable assets and financial security.
- Cost Management: Fixed-rate commercial mortgages offer predictable payments, facilitating budgeting and financial planning for businesses.
- Leverage Opportunities: Commercial mortgages allow businesses to leverage existing assets for financing, expanding opportunities for growth and investment.
- Wealth Accumulation: Through property appreciation and equity buildup, commercial mortgages contribute to long-term wealth accumulation and financial success for businesses.
How we work
Understanding Client Needs
Consult with clients to grasp their requirements, goals, and preferences, ensuring alignment with their financial strategies.
Implementing Efficient Systems
Introduce easy-to-use tools and processes tailored to client needs, promoting accuracy, compliance, and streamlined operations.
Providing Feedback and Support
Offer continuous assistance, communication, and training to ensure clients effectively utilize systems and address any concerns.
What we will deliver to our clients
- Needs Assessment: Conduct thorough assessments to understand clients' commercial mortgage requirements, including property type, loan amount, and financing terms.
- Regulatory Compliance: Ensure compliance with Canadian provincial and federal tax laws, including adherence to regulations set by entities like the Office of the Superintendent of Financial Institutions (OSFI).
- Tax Optimization: Structure commercial mortgage solutions to maximize tax benefits for clients while remaining compliant with relevant tax laws and government acts.
- Legal Documentation: Prepare and manage all necessary legal documents and contracts related to commercial mortgages, ensuring compliance with government acts such as the Canadian Mortgage and Housing Corporation (CMHC) Act.
- Application Processing: Assist clients with completing and submitting commercial mortgage applications, ensuring accuracy and completeness to facilitate lender review.
- Lender Negotiation: Engage with lenders on behalf of clients to negotiate favorable terms and conditions for commercial mortgage loans, considering factors like interest rates and repayment terms.
- Due Diligence: Conduct thorough due diligence on commercial properties and borrowers to mitigate risks and ensure loan viability for lenders and clients.
- Funding Facilitation: Facilitate the funding process for approved commercial mortgages, coordinating with lenders, legal professionals, and other relevant parties to ensure timely disbursal of funds.
- Payment Structuring: Work with clients to structure commercial mortgage payments in alignment with their financial capabilities and business objectives, considering factors like amortization period and payment frequency.
- Mortgage Insurance Guidance: Educate clients on mortgage insurance requirements and options, ensuring compliance with regulations set by institutions like the CMHC.
- Payment Structuring: Help clients structure mortgage payments in a way that aligns with their financial capabilities and goals, considering factors like amortization period and payment frequency.
- Risk Management: Identify and manage potential risks associated with commercial mortgage transactions, implementing strategies to minimize exposure and protect clients' interests.
- Refinancing Support: Provide guidance and support to clients seeking to refinance existing commercial mortgages, evaluating potential benefits and risks based on current market conditions and clients' financial situations.
