OFFICE AND MEDICAL OFFICE MORTGAGES
FINANCING FOR COMMERCIAL OFFICES AND
MEDICAL OFFICE BUILDINGS
In the right
location, leased to the right audience, under proper management,
commercial office buildings can be one of the most stable &
consistent asset classes. Office buildings, whether downtown or
suburban, purpose built or customized for each tenant, are one of the
most desirable types of real estate in the world.
available for U.S. and
Canadian properties in major urban centres, suburbs and
Types Of Office Buildings We Can
Class A, B and C urban and suburban office buildings including medical and
professional office buildings are eligible for this type of financing.
Aside from that, single tenant office buildings that have long term
leases and owner occupied building that are located in strong markets
are also eligible for these loan programs.
Financing is available for:
- Refinancing & cash outs.
- Fix & Flip loans.
- Long-term permanent financing.
- and much more!
Here are some of the items you will need to know regarding your office
- Financing can be provided at 70 - 75 percent
loan to value (LTV)
- Properties will need to generate a debt
coverage ratio (DCR) of approximately 1.20 which is $1.20 of
income for every $1.00
of debt they accumulate in order to be deemed viable
- Lenders will review leases and will complete
their own assessment of the property's revenue
- Lenders will be looking for a strong, reliable
and diverse tenant base that matches the terms of the mortgage
- Location, condition and detailed access
information (roads, parking, loading zones) regarding the property will
need to be provided
- Non-recourse mortgages are available
To be considered for
financing, please send us the following:
• Executive Summary or Business Plan
rent roll – Includes unit information, lease abstracts and tenant
- 3 yrs of
income and expense statements – Includes annual property tax,
insurance, utilities, water, management plan, maintenance and repairs.
physical description and survey of the property.
- Details on
any intended or present management company.
- Time Frame
for when funding is needed
and Sales Agreement (if this is a purchase)
mortgage details (if this is a refinance)
- Photos of
the property: Please include the inside, outside and the neighborhood.
information is treated in a confidential manner. We will contact you to
let you know the details of the loans that are available once we
receive your information. If you have any additional questions please
do not hesitate to contact us.
is to provide our clients with attractive financing options that will
best serve their individual financial needs. We have successfully laid
a firm foundation for financing a broad range of loan products. We look
forward to working with you and helping you grow your business.
contact us at 905-901-3063 or
email us with any questions or project information.
be advised that Northern Range Capital Corp and its affiliates are not
offering securities for sale, is not a bank and is not licensed a
securities dealer or broker and as such, do not hold themselves to be.
The information provided herein is not intended to be for the purposes
of soliciting a Security under Provincial, State or Federal
website should be construed as informational and not as an
advertisement soliciting for any particular purpose. All securities
herein discussed have not been registered or approved by any securities
regulatory agency in accordance with the securities act of 1933 or any
provincial or state securities laws.