Commercial Mortgages in Edmonton, Alberta
Expert Funding Solutions
Are you a business owner or real estate investor seeking commercial mortgages in Edmonton? Look no further than Legacy Commercial Mortgage. We are your local experts for commercial property financing in Alberta’s capital, offering specialized and tailored solutions that go beyond what traditional banks can provide.
At Legacy Mortgage Group, our dedicated team is committed to helping businesses and investors across Edmonton’s diverse business districts with their financing needs.
Edmonton Commercial Real Estate Market
Edmonton’s commercial real estate market is dynamic and full of opportunity. Whether you’re looking at an investment opportunity in downtown Edmonton’s bustling Jasper Avenue, looking to purchase a new industrial building in Sherwood Park, or want to finance a real estate project in St. Albert, we’re here for you with expert guidance.
Our extensive knowledge of the Edmonton commercial property market allows us to provide targeted and effective advice based on commercial real estate trends and financing solutions that align with your investment goals.
What Types of Commercial Properties Get Funded in Edmonton?
Our local expertise means that we can help you finance a wide range of properties across the city and surrounding areas. Luckily for Edmonton businesses, there are several options when it comes to commercial real estate! We’ll help you secure the perfect type of property for your needs.
Office Space
Looking at a fancy high-rise office downtown? Or prefer a spot closer to the suburbs? With our expertise in the revitalization efforts in the downtown core and the leasing activity in the suburbs, we’ll help you find the perfect space.
Industrial Properties
Retail Properties
Multi-Family Properties
Special-Use Properties
We also provide financing for unique properties designed for specific uses, such as hotels, medical clinics, self-storage facilities, gas stations, and golf courses.
Lending Partners and Interest Rates in Alberta
What Interest Rates Can You Expect for Commercial Mortgages in Edmonton?
The interest rates for commercial mortgages in Edmonton can vary based on several factors, including the property type, its location, your borrower strength, and the loan-to-value ratio. Commercial mortgage rates generally start at around 5% (multifamily loan) and go up to around 9% (bridge loan).
Our team will provide a transparent rate range for your specific project and guide you through the pros and cons of fixed vs. variable rates.
Fast Approval Process for Business Owners
We know that entrepreneurs are busy, so streamlining the approval process is one of our main goals. Our approval process is designed to be fast, efficient, and transparent.
Understanding your needs
We’ll begin by getting to know you and what your income, lifestyle, debts, and financial goals are. This will help us recommend an approach and determine what you can qualify for.
Financial review
Once we know more about you, we’ll work with you to come up with a strategy that aligns with your goals and needs.
Negotiating with lenders
Leave the hard part to us. With experience, professionalism, and expert knowledge, we leverage our network of over 50 lenders to get you the best rate and term for your budget and needs.
Closing support
Our team provides full assistance through legal documentation to ensure a seamless closing.
Depending on complexity, the timeline can range drastically, typically falling between 2 months – 1 year. Regardless of the duration, you can be assured that we’ll keep you updated along the way.
How Long Does It Take to Get Commercial Mortgages in Edmonton Approved?
Just as every commercial mortgage is different, the timeframe for approvals vary significantly. Do you need a bridge loan? Are you looking to purchase a small office space or several manufacturing and distribution locations? These can all impact the timeline for approval!
Regardless, our fast commercial financing process ensures that from your initial application to funding, we work diligently to meet your project’s timelines. We provide an expedited lending process with a 48-hour pre-approval commitment for urgent deals.
Construction and Development Financing Options
The world of construction financing in Edmonton can be complex, but our specialized construction loans are designed to provide the funding you need to bring your projects to life. These solutions are perfect for a variety of projects, including new builds, major renovations, and ground-up developments across Edmonton’s commercial zones.
We offer a structured approach to ensure your project’s funding aligns with its progress, helping you manage cash flow effectively.
What Construction Projects Qualify for Commercial Mortgages in Edmonton?
We can help you secure funding for new builds, major renovations, and ground-up developments across Edmonton’s commercial zones. We understand that every project is unique, from a boutique office to a large-scale industrial complex, and we are prepared to handle the full spectrum of commercial building loans.
Qualifying for a Construction Loan
To qualify for these loans, you’ll need to be able to show a detailed project plan. This includes a clear budget, construction milestones, and an understanding of the local market. Our experienced team works regularly with local developers and contractors, so we’re able to help you navigate these requirements, ensuring your project meets all necessary criteria to get approved.
Let Us Help You Make Your Commercial Project a Reality
If you have a vision for your commercial project, but feel overwhelmed, we’re here to guide you. Don’t let complex processes and market uncertainties hold you and your business back from its full potential!
Legacy Mortgage Group provides comprehensive commercial mortgage solutions specifically for Edmonton business owners and investors. Our local expertise, extensive lender network, and fast approval processes give you a clear advantage. We are here to simplify the process and secure the funding you need.
Contact our Edmonton mortgage brokers today by filling out the form below or calling us at 780-756-3120 for a personalized, no-obligation consultation.
