Commercial Mortgages in Lower Mainland, BC
Legacy Mortgage Group
Are you a business owner or real estate investor seeking commercial mortgages in Surrey? Look no further than Legacy Commercial Mortgage. We are your local experts for commercial property financing in the lower mainland of B.C., 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 the greater Vancouver area’s diverse business districts with their financing needs.
Property Types We Finance in Surrey
Surrey’s commercial real estate market is dynamic and full of opportunity. Whether you’re looking at an investment opportunity in downtown Surrey, looking to purchase a new industrial building in Port Kells, or want to move into an office space in Central City, we’re here for you with expert guidance.
Our extensive knowledge of the Surrey 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.
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.
Land Financing
A blank slate to construct your ideal commercial building is sometimes best! We can help you with land financing for your commercial needs.
Industrial and Warehouse Financing Options
Surrey’s industrial sector is thriving, particularly in areas like Port Kells and Fraser Heights. We offer specialized industrial property financing that can help fuel your business’s growth. We can help you secure funding for:
Acquisition Loans
Financing for purchasing existing industrial warehouses and distribution centers.
Construction Financing
Funding for constructing new industrial buildings and complexes.
Refinancing
Solutions to optimize an existing mortgage on an industrial property to access equity or secure better rates.
Our team has supported numerous clients with securing industrial and warehouse financing, and are happy to partner with you to curate tailored solutions and provide expert guidance for your needs.
Understanding Surrey Market Conditions
When it comes to securing funding for commercial properties in Surrey, you need a partner who understands the market conditions. Our expert brokers stay on top of Surrey’s real estate market trends, including property values in key business districts like Central City and Guildford.
We know how the area’s proximity to Vancouver International Airport and major transportation corridors affects commercial property values and influences financing strategies. This deep knowledge of the Fraser Valley commercial trends allows us to provide targeted and effective solutions.
Financing Solutions for Surrey Businesses
Depending on your commercial project or needs, there are several financing options available for Surrey businesses. Your Legacy Mortgage broker will be able to tailor a solution to meet your specific needs.
Commercial Real Estate Acquisition
Equipment Financing
Working Capital
Advisory Services
Advisory services to guide developers through multi-phase projects, financing structures, and risk management.
Specialized Programs
CMHC Financing
Bridge Financing
Builder Financing
What Makes a Project Eligible for Funding?
To secure construction financing approval, lenders will assess both the developer and the project itself. These are some of the key factors that are evaluated:
Credit Score
Your individual credit rating as well as your business’s score will be verified.
Debt-to-Service Ratio
This is a key affordability calculation lenders use to determine qualification.
Business Type
The terms and conditions of a commercial mortgage depend on the nature of your business along with the property you intend to invest in.
Down Payment
Your up-front payment needs to be between 20-35% or even 50% based on the property’s size and type.
Business Stability
You must convince loan providers that your current business is thriving and will keep up a constant profit for the loan’s period.
We help you satisfy these criteria, and for those who may not meet traditional bank requirements, we offer alternative commercial lending solutions.
Local Business Districts and Opportunities
- Newton
- Whalley
- Fleetwood
- Cloverdale
- South Surrey
As your local commercial mortgage experts, we understand the unique financing considerations for each area and how location affects property values and loan terms.
Our Portfolio of Financed Projects
$8,960,000
Industrial building purchase
$939,000
Legal practice office
$1,750,000
Private mortgage payout
$350,000
Equipment financing
Timeline and Approval Process
We know that greater Vancouver area 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.
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 Vancouver area 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 local mortgage brokers today by filling out the form below or calling us at 604-613-2891 for a personalized, no-obligation consultation.
