Professional Office & Medical Office Financing

         

 

 

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PROFESSIONAL OFFICE AND MEDICAL OFFICE MORTGAGES

 

FINANCING FOR COMMERCIAL OFFICES AND MEDICAL OFFICE BUILDINGS

 

office building

 

 

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.

Financing is available for U.S. and Canadian properties in major urban centres, suburbs and small towns.

Types Of Office Buildings We Can Finance

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!

Mortgage Specifications

Here are some of the items you will need to know regarding your office building mortgage:

  • 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 that includes:

  • Present rent roll Includes unit information, lease abstracts and tenant descriptions.
  • 3 yrs of income and expense statements Includes annual property tax, insurance, utilities, water, management plan, maintenance and repairs.
  • Detailed physical description and survey of the property.
  • Details on any intended or present management company.
  • Present financial statement.
  • Time Frame for when funding is needed
  • Purchase and Sales Agreement (if this is a purchase)
  • Existing mortgage details (if this is a refinance)
  • Photos of the property: Please include the inside, outside and the neighborhood.

All 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.

 

Our goal 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.

 

                            

Please contact us at 905-901-3063 or email us with any questions or project information.

 

 

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Please 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 regulations.

This 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.

 

 


 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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