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Commercial mortgages

Our experienced team of commercial mortgage brokers and agents aim to simplify the complex commercial application process for clients and ensure they’re securing competitive rates, terms and conditions. rates, terms and conditions. Sherwood’s award-winning commercial experts will work with you throughout the entire process, making it as seamless and hassle free as possible. We'll take care of everything, so all you'll need to worry about is where to put the office ping-pong table.

When it comes to securing the best commercial mortgage rates, Sherwood has you covered.

We collaborate with a large network of both institutional and non-institutional lenders, that allow us to offer exclusive financing options in Canada for our commercial clients.

Our Sherwood brokers & agents can offer a comprehensive suite of business services to fulfill the credit requirements and business growth of your company.

Sherwood's brokers & agents can provide a comprehensive suite of business services to fulfill the credit requirements and business growth of your company. We are your full-service Canadian commercial brokerage!

At Sherwood, we assist businesses of all sizes.

We offer a wealth of knowledge in commercial purchases & refinances, as well as construction financing and land development. Our mortgage brokers and agents work to meet the needs of clients across a diverse range of commercial requirements, and have funded multi-million dollar transactions.

When it comes to commercial financing, the list below reflects the various areas of expertise:

  • Leasing
  • Income producing owner & non-owner occupied properties
  • Serviced and un-serviced land
  • Construction and take-out financing
  • Special purpose properties include banquet halls, golf courses, gas stations, mobile home parks, hotels, high-rise condominiums, retirement homes and churches.

An array of commercial financing options to fit your needs.

  • Commercial financing
  • Land Development
  • Mezzanine financing
  • Construction financing
  • Industrial financing
  • Business acquisitions

Align yourself with an experienced Commercial Mortgage Brokerage where brokers and agents can help you navigate these options. At Sherwood Mortgage Group, we’ll support you through the complex process while ensuring you are offered the lowest mortgage rates and best suited mortgage products to help your business flourish.

Qualifications for a Commercial Mortgage

Commercial mortgages are different from residential mortgages as the overall lending exposure known as the Loan to Value for a commercial property typically ranges between 65%-75%, with a maximum loan to value of 85%.  Lenders traditionally require a larger down payment and offer a slightly higher interest rate than residential loans.

All commercial deals are handled on a case-by-case scenario, but some of the standard documentation that is required up front and will determine your eligibility are:

  • Type of collateral and creditworthiness of the borrowing entity - 2 or 3 years of both business and personal financial statements and income tax returns as well as a personal net worth statements for all borrowers/guarantors.
  • Debt Service Coverage Ratio (DSCR) - The DSCR or debt service coverage ratio is the calculation of a property's annual net operating income (NOI) and/or cashflow of the property divided by its annual mortgage debt service (principal and interest payments).
  • Appraisal & Environmental report (if completed)
  • Purchase and sale agreements (for purchases)
  • Performa (if planning on developing on site)
  • Lease agreements and rent rolls (if applicable)