Looking To Refinance A Multi Family Apartment Building ???
Yes Commercial Financing Options are available. Commercial, Residential, or a combination of both.
An owner can go back to the bank for a renewal but they can also look at alternative lenders who specialize in Commercial financing. Did you know that you could refinance a 5 + suite apartment block with CMHC financing up to 85% at a 5 year fixed rate of 1.97% (as of May 4th '15) for a $1,000,000 + mortgage?
Give consideration to the increase in your net income. Take advantage of recent appreciation on apartment block values and buy another property or ... ?
We're here to help anywhere in B C so give me a call 604 230-9392